How a Trump Economy Could Make Singapore Great Again

Restrictive Policies on Trade and Immigration May Shift Innovation to the East—and It May Never Come Back

Did the presidential election change the Pacific Rim as we know it?

During these days of transition speculation, there is plenty of talk about what president-elect Donald Trump’s victory means for health care, for immigrants, for the economy, for minorities, for NATO, and so on. In terms of long-term national interests, it’s important to add the endangered concept of a U.S.-centric Pacific Rim to this list. This is because the Trump victory may well spell the end of America’s previous Pacific aspirations.

We will quite possibly see a significant shift of …

Why Mongolia and North Dakota Aren’t Economic Miracles

Resource-Rich Regions Are Like Horse Milk—They Taste Strong Before Quickly Going Sour

Where does an economist who works in the Pacific Rim go on vacation? This summer, I chose Mongolia, and not only because it is remote, interesting, a bit exotic, and …

Obama’s Unsung Legacy in the War on Income Inequality

As Clinton and Trump Try to Out-Populist Each Other, the Obama Administration Gets No Credit for Its Impressive Efforts to Boost Economic Equality

You’d never know, from this year’s presidential campaign rhetoric, that anyone in Washington has been paying any attention to economic inequality. Donald Trump has hijacked the Republican Party with his …

Why Your Bank Wants No Part of Your Business

Post-Recession Banking Reforms Are Throttling Small Independent Companies

Capital is cheap almost everywhere except for in the heart of the American economy—independent U.S. companies with less than $100 million in revenues.

This is the downside of regulations, enacted …

The South Los Angeles Future Will Be Shared

In a Stronghold of African Americans and Immigrant Integration, New Identities Emerge Rooted in a Sense of Place as Much as Race

The typical story of neighborhood change, often called ethnic succession, is one in which an incoming ethnic group “takes over” and wipes away the past. But that does not capture …

What It Means to Be ‘California’s Bank’

The Banc of California Bets Big on the State's Small Businesses and Local Communities

If California were a bank, what sort of bank would it be?

Banc of California has a new and intriguing answer to that question: In just six years, “California’s bank,” as …