Global Currents

The problems with the "China Shock 2.0" narrative

The West welcomed Chinese exports for decades. Now it's angry that China listened.

Jul 23 • Jostein Hauge

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Why do countries need industrial policy?

The case for looking beyond market failures

Jul 7 • Jostein Hauge

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June 2026

China may have fewer people living in poverty than the US

One system covers basic needs for its poor while the other doesn't

Jun 12 • Jostein Hauge

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May 2026

This is why I’m Chinamaxxing

And you probably should be too

May 28 • Jostein Hauge

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March 2026

Why the World Bank changed its mind on industrial policy

The World Bank’s newfound support for industrial policy reveals how economic theory is inseparable from geopolitics

Mar 25 • Jostein Hauge

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February 2026

China developed by defying free trade — not embracing it

How China fought tooth and nail with state intervention to escape a subordinate position in the world economy

Feb 26 • Jostein Hauge

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Economics is fundamentally political

The dangerous illusion of economics as a value-free science

Feb 19 • Jostein Hauge

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Why developing countries can't skip industrialization

The enduring case for manufacturing-led development

Feb 10 • Jostein Hauge

304

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The West is embracing China

Western leaders are lining up in Beijing to strengthen ties with Xi

Feb 3 • Jostein Hauge

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January 2026

The three blows that killed the rules-based international order

At this year’s World Economic Forum in Davos, Mark Carney delivered a speech that will likely be remembered as a watershed moment.

Jan 27 • Jostein Hauge

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December 2025

Trump's National Security Strategy calls for more global domination

The Trump administration wants to replace liberal internationalism with explicit economic and regional dominance

Dec 22, 2025 • Jostein Hauge

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Industrial policy returns as a weapon of national security

The US, China, and Europe are racing to dominate strategic industries. Here's what that means for the world economy.

Dec 16, 2025 • Jostein Hauge

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