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Inflation pressures were already brewing when Pierre-Olivier Gourinchas stepped in as IMF Chief Economist in January 2022, but rising geopolitical tensions soon added fuel to the fire, and inflation remained a challenge throughout his tenure. In this podcast, outgoing Chief Gouri ...  Show more

As geopolitical tensions rise, countries like to flex their economic muscle. But as appealing as they might be, sanctions, tariffs, and export bans come at a price. Jeffry Frieden is a professor of international and public affairs and political science at Columbia University. In ...  Show more

We all know that corruption is a bad thing. People in government or the public sector using their position to personally enrich themselves is a form of stealing, but in some situations this can actually help to grow an economy. But in what situations, and how long can corruption ...  Show more

Corruption is as old as humanity, with cases documented as far back as the Egyptian dynasties. While the World Bank estimates that international bribery exceeds $1.5 trillion annually, the larger and more subtle effects of corruption on economies and populations is incalculable. ...  Show more

You may remember that we’ve talked about the Economist Intelligence Unit’s Democracy Index in the past on Do You Really Know, which assigns each of the world’s countries a score from one to ten based on how democratic they are.   But have you ever heard of a kleptocracy? It’s a p ...  Show more

Russia's war in Ukraine illustrates the dangers that unchecked kleptocracy poses to democracy. Kleptocrats and corrupt actors strategically use their vast resources to advance their interests both at home and abroad. CFCS's Isabella Chase, Adam Smith of Gibson, Dunn and Crutcher ...  Show more