Raghuram Rajan: How emerging economies can prosper in a protectionist world

Their prospects may be better than expected, especially if they choose alternative development paths. In the past, poor countries developed through manufacturing exports because foreign demand allowed their producers to achieve scale, and because abysmal agricultural productivity meant that low-skilled workers could be attracted to factory jobs even with low wages. This combination of scale…

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Republicans lean into Trump’s border message during a convention night focused on immigration

Republican presidential candidate former President Donald Trump, center, and Republican vice presidential candidate Sen. JD Vance, R-Ohio, right, are joined in the box by House Majority Leader Steve Scalise, R-La., left, during the Republican National Convention on July 16, 2024, in Milwaukee. | Photo Credit: AP Immigration took center stage as the Republican National Convention…

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