Most countries began implementing stringent measures to reduce the spread of the COVID-19 virus in March, including school and workplace closures, limits on public gatherings, and travel curbs. But did these measures actually achieve the result of restricting people moving out and about in the face of the disease? Thanks to smartphone data from Google, it is possible to measure the impact of pandemic-related lockdowns on personal mobility.
More than a fifth of China’s population have migrated from the countryside to join the urban workforce. These migrant workers have been indispensable to China’s economic growth but face exclusion from many social programs.
President Donald Trump and his trade advisers have often threatened to withdraw from the World Trade Organization (WTO). Now Senator Josh Hawley (R-MO) has introduced a joint resolution of Congress to do just that. The measure has no chance of passage. For one thing, the chairman of the Senate Finance Committee, Charles Grassley, is opposed, and lawmakers on all sides recognize the potential for more economic disruption in the middle of the biggest economic crisis since the Great Depression.
Jeffrey J. Schott (PIIE)
Despite progress in recent years toward a single banking policy framework in the euro area—a banking union—much of the German banking system has remained partly sheltered from uniform rules and disciplines that now apply to nearly all the area’s other banks.
Nicolas Véron (PIIE)
Firms with women in executive officer and director positions post higher annual profit margins than those without female leaders. Between 1997 and 2017, firms with at least one female director or executive officer consistently reported larger profit margins.
Soyoung Han (PIIE) and Marcus Noland (PIIE)
In the eyes of the law, women throughout the world suffer unequal treatment compared with men, according to a study of 190 economies by the World Bank. This disparity shows up in all stages of a woman’s working life.
Simeon Djankov (PIIE), Pinelopi Koujianou Goldberg (PIIE) and Marie Hyland (World Bank)
As COVID-19 spread across China in January and February, domestic demand spiked for personal protective equipment (PPE), including respirators, surgical masks, hospital gloves, and medical goggles. In response, China increased its imports of PPE and reduced its exports to the rest of the world, shrinking the supply of critical medical gear available on global markets.
Chad P. Bown