Political Economy

Economics is a discipline concerned with the consumption, production, and transfer of wealth by and among individuals (microeconomics) and communities or nations (macroeconomics); subspecialties range from economic development and planning to health economics and international economic relations. RAND's many economists contribute to multidisciplinary research projects by exploring the intersections where economics informs social, military, and governmental policy decisions.

  • Japan's Prime Minister Shinzo Abe shakes hands with China's President Xi Jinping during a welcoming ceremony of Asia Pacific Economic Cooperation (APEC) forum, in Beijing, November 11, 2014

    Commentary

    A Thaw in Asia

    Chinese President Xi Jinping's meeting with Japanese Prime Minister Shinzo Abe raised hope for the near term that the leaders of both countries can ease tensions between Asia's two largest economies. This marked a welcome turn from the past few years, which saw a serious downturn in China-Japan relations.

    Nov 17, 2014

  • Dayan Candappa, Carlos Slim Helu, and Saad Mohseni at RAND's Politics Aside 2014

    Announcement

    The Risks and Rewards of Emerging Markets

    Emerging markets may offer challenges ranging from corruption to the threat of violence, but the rewards can be worth the risks, experts said during a panel discussion at RAND's Politics Aside event. Reuters Americas Editor Dayan Candappa moderated the panel which included Carlos Slim Helú, a businessman, investor, and philanthropist, and Saad Mohseni, CEO of MOBY Group.

    Nov 16, 2014

  • Scales, money, magnifying glass, and books

    Report

    Tool Created to Help Multinational Companies Assess Risk of Bribery When Doing Business in Foreign Countries

    Corruption can hinder global business investment — particularly in emerging markets — but multinational companies often have difficulty assessing the business bribery risk in other countries. A new tool, called the TRACE Matrix, can help.

    Nov 11, 2014

  • News Release

    Tool Created to Help Multinational Companies Assess Risk of Bribery When Doing Business in Foreign Countries

    Corruption can hinder global business investment -- particularly in emerging markets -- but multinational companies often have difficulty assessing the business bribery risk in other countries. A new tool, called the TRACE Matrix, can help.

    Nov 11, 2014

  • Doctor and patient shaking hands

    Commentary

    A Case for Exchange-Based, Long-Term Health Insurance Policies

    Multi-year health plans have the potential to finally align the interests of health plan enrollees and insurers by reaping long-term benefits of patient health management.

    Nov 10, 2014

  • Blue and green pills and tablets

    Report

    Biosimilar Medications Could Create Billions in Health Care Savings

    Introducing competing “biosimilar” versions of complex biologic drugs used to treat illnesses such as cancer and rheumatoid arthritis could cut spending on biologics in the United States by $44 billion over the next decade.

    Nov 3, 2014

  • News Release

    Biosimilar Medications Could Create Billions in Health Care Savings

    Introducing competing “biosimilar” versions of complex biologic drugs used to treat illnesses such as cancer and rheumatoid arthritis could cut spending on biologics in the United States by $44 billion over the next decade.

    Nov 3, 2014

  • A European flag superimposed over euro banknotes

    Commentary

    The Not-So-Full-Monti: Will More 'Europe' Lead to More Trade in the Internal Market?

    Even though the internal market for goods is at a relatively advanced stage, there remains an untapped potential in the longer term. Barriers and regulatory obstacles continue to hinder the free movement of goods in the EU.

    Oct 28, 2014

  • News Release

    Cost of Informal Caregiving for U.S. Elderly Is $522 Billion Annually

    The price tag for informal caregiving of elderly people by friends and relatives in the U.S. comes to $522 billion a year. Replacing that care with unskilled paid care at minimum wage would cost $221 billion, while replacing it with skilled nursing care would cost $642 billion annually.

    Oct 27, 2014

  • News conference on new STEM initiative in Appalachia Region in Pittsburgh, October 21, 2014

    Announcement

    RAND to Evaluate New STEM Initiative in Appalachia Region

    RAND will provide research and analysis for a multiyear, multimillion-dollar investment by Chevron in science, technology, engineering and mathematics (STEM) K-12 education and energy-sector workforce development training in the Appalachia region.

    Oct 21, 2014

  • A hand with a calculator against various European bills

    Report

    Lack of Complete European Integration Costs Countries, EU

    The removal of existing barriers to foreign direct direct investment and non-tariff trade barriers within the European Union could boost total intra-EU merchandise exports up to 7 per cent in the long-term. These effects would vary by Member State, and by sector of the internal market.

    Oct 21, 2014

  • A scholar with a book and glasses

    Announcement

    James Dobbins and Katherine Kahn Receive Distinguished Chairs

    RAND Distinguished Chairs are researchers recognized for distinction in their field and for groundbreaking efforts to solve some of the world's most challenging problems. Michael Rich, RAND's president and CEO, has just appointed two new distinguished chairs: James Dobbins as Distinguished Chair in Diplomacy and Security and Katherine Kahn as Distinguished Chair in Health Care Delivery Measurement and Evaluation.

    Oct 20, 2014

  • World Bank staff share their definitions of "A Good Job"

    Commentary

    Solutions for Youth Employment: New Coalition Takes on Pervasive, Persistent Global Problem

    Youth unemployment is a pervasive and persistent worldwide scourge: 75 million youth are unemployed now and that rate is expected to rise. RAND joined the World Bank, Accenture, International Youth Foundation, and others to form Solutions for Youth Employment, a unique coalition that acts to increase youth opportunities for productive employment.

    Oct 17, 2014

  • Oil barrels under a clear, blue sky

    Commentary

    The Upside of Lower Oil Prices

    Movement toward sharply lower oil prices should be a prominent component of any strategy directed at disabling many of the world's most disruptive threats: Iran's nuclear development, ISIS, Hamas attacks on Israel, and Russia's threat to Ukraine.

    Oct 17, 2014

  • Zimbabwe's President Robert Mugabe and China's Premier Li Keqiang in Beijing on August 26, 2014. Officials say Mugabe is seeking funds to rebuild decaying roads, rail and power facilities, and to help mechanise Zimbabwe's agriculture.

    Blog

    RAND Experts Discuss Chinese Engagement in Africa

    Larry Hanauer and Lyle Morris discussed their recent report, Chinese Engagement in Africa, as part of RAND's China Luncheon Series. They took a comprehensive look at Chinese and African objectives in the political and economic spheres and the means by which they work to achieve their goals.

    Oct 14, 2014

  • Top row: Howard Shatz and Jeffrey Hiday; Bottom row: Sarah Weilant, Krishna Kumar, and Peter Glick

    Announcement

    RAND Joins Coalition to Tackle Youth Unemployment

    The RAND Corporation has joined the World Bank and other corporate and civil society leaders to establish Solutions for Youth Employment, a global coalition that acts to address the pervasive challenges of youth employment.

    Oct 9, 2014

  • A justice scale with more money on one side than the other

    Commentary

    Survey Asks Democrats, Republicans, Should the Government Reduce Income Inequality?

    Today, Democrats are more than six times likelier than Republicans to believe the U.S. government should play a role in reducing income inequality. This is not due to differences in age, gender, education, or income distributions among the two parties.

    Oct 9, 2014

  • Pardee RAND doctoral candidates Nelly Mejia and Crystal Huang with RAND senior economist Peter Glick

    Announcement

    RAND Joins Coalition to Tackle Youth Unemployment

    The RAND Corporation has joined the World Bank and other corporate and civil society leaders to establish Solutions for Youth Employment, a global coalition that acts to address the pervasive challenges of youth employment.

    Oct 9, 2014

  • Report

    The Political Sustainability of Carbon Control Policies in an Evolutionary Economics Setting

    Analyzes the long term coevolution of market structures, technological change and government institutions.

    Sep 29, 2014

  • People walking near the Red Square and St. Basil's Cathedral in Moscow, Russia

    Commentary

    One Day in the Life of Russia

    Russia faces major challenges, some self-inflicted. Freedoms vital to the creation of a modern civil society are declining. Dominant, state-controlled energy and aerospace companies are losing ground, weakening a strained economy.

    Sep 23, 2014