Economics

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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.

  • 3D printer and printable drone, gun, and airplane turbine.

    Article

    Four Ways 3D Printing May Threaten Security

    May 8, 2018

    3D printing has the potential to improve lives. But it could also bring new perils, such as disrupting weapons regulations and jeopardizing manufacturing jobs. While there's reason to be cautious about this technology, there's also danger in overreacting and overregulating what could be a new era of innovation.

  • David Davis, Britain's Secretary of State for Exiting the EU (left), and Michel Barnier, the EU's chief Brexit negotiator, talk to the media ahead of negotiations in Brussels, Belgium, September 25, 2017

    Report

    Potential Impacts of Brexit on UK, EU, U.S. Economies

    Dec 12, 2017

    The UK economy is likely to suffer under the most probable post-Brexit trade scenarios. Leaving the EU with no deal would make the UK nearly 5 percent poorer in 2029 than if it had remained. The most beneficial scenario would be a trilateral UK-EU-U.S. agreement, but that is unlikely in the current political environment.

Explore Economics

  • Iranian flag

    Commentary

    Regime Appears Fragile as Iranians Turn Much of Their Ire Inward

    Economic hardship is fueling unrest in Iran. New sanctions stemming from the U.S. withdrawal from the nuclear deal may exacerbate already difficult conditions. Now might be the time to exert maximum pressure on the regime in an effort to bring Tehran back to the negotiating table.

    May 21, 2018

  • China's flag made over digital tiles

    Report

    China's Role in the International Order

    China's engagement with the postwar order remains a complex, often contradictory work in progress. China will likely demand more influence in the international system as a condition for its support. What will this mean for U.S. policy?

    May 21, 2018

  • World flags

    Commentary

    Book Review: The Sovereignty Wars by Stewart Patrick

    “Sovereignty” is a complicated, multifaceted construct. The Sovereignty Wars is a timely and meticulous effort by author Stewart Patrick to clarify that concept, whose usage is a matter of both analytical interest and policymaking import.

    May 17, 2018

  • Collage of public policy subject matter

    Brochure

    RAND's Most Influential Research from 70 Years Working in the Public Interest

    Over its 70-year history, RAND has continuously demonstrated that rigorous research and analysis can help address some of the world's most challenging problems.

    May 14, 2018

  • Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, U.S., April 4, 2018

    Commentary

    Do States Need Their Own Trade Policies?

    Now would not be the first time California's business and trade interests haven't aligned with those of Washington. While it's the federal government, not California, that sets American trade policy, there are steps those in California could consider in order to optimize for trade opportunities abroad.

    May 13, 2018

  • U.S. President Trump just before signing a proclamation declaring his intention to withdraw from the Iran nuclear agreement, May 8, 2018

    Commentary

    The Strategic Fallout of U.S. Withdrawal from the Iran Deal

    President Trump withdrew from the Iran nuclear agreement. What will happen next? Friction between the United States and its European allies will likely increase, while Iran moves closer to China and Russia. Also, the resentment of a new generation of Iranians toward America is likely to grow.

    May 10, 2018

  • U.S. President Trump holds up a proclamation declaring his intention to withdraw from the JCPOA Iran nuclear agreement after signing it at the White House, May 8, 2018

    Commentary

    The U.S. Is Out of the Iran Deal. What Now?

    Abandoning the nuclear agreement with Iran isolates the United States, reneges on an American commitment, adds to the risk of a trade war with U.S. allies and a hot war with Iran, and diminishes the prospects of an agreement to eliminate the North Korean threat.

    May 9, 2018

  • Containers at the Yangshan Deep Water Port in Shanghai, China, April 24, 2018

    Commentary

    The Greater Danger of U.S.-China Trade Tensions

    Trade tensions between the United States and China could escalate into a full-blown trade war, with ramifications for economic ties and the global economy. The long-term danger, however, is that tensions could begin to undercut the interdependence that has been so essential to keeping strategic competition between the two giants in check.

    May 9, 2018

  • News Release

    3D Printing Could Disrupt Labor Markets and National Security

    While advances in additive manufacturing offer potential breakthroughs in prosthetic arms, jet engine parts, and a host of other products, 3D printing, as it is known, may also disrupt traditional labor markets and exacerbate existing security threats from violent actors.

    May 9, 2018

  • Report

    Managing International Borders: Balancing Security with the Licit Flow of People and Goods

    This Perspective builds on global best practices and lessons learned from other established border management solutions and proposes opportunities to strengthen security while improving the flow of travelers and goods.

    May 9, 2018

  • Chinese President Xi Jinping delivers his speech at the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 20, 2018

    Commentary

    Recalibrate, Rather Than Abandon, U.S. China Policy

    China does not necessarily seek to succeed the U.S. as the world’s superpower, especially if such a mantle would impose on it real and/or perceived obligations for steering global affairs. What is the verdict, then, on America’s China policy, and where should the two countries go from here?

    May 8, 2018

  • 3d printing in progress

    Report

    Additive Manufacturing in 2040: Powerful Enabler, Disruptive Threat

    If additive manufacturing — also called 3D printing — continues to develop along its current trends, it could profoundly alter the global economy, international security, and the organization of society.

    May 8, 2018

  • Russian President Vladimir Putin walks down the stairs after an inauguration ceremony in Cathedral Square at the Kremlin in Moscow, Russia, May 7, 2018

    Commentary

    Russia Chooses Autarchy—and Isolation—Over Cooperation

    Russia says it is ending a centuries-long quest to join the West and preparing for “100 years of geopolitical solitude.” If Russia goes this way it will be because of its own unwise policies, not a Western cold shoulder.

    May 7, 2018

  • Illustration of a globe deconstructed

    Report

    Building a Sustainable World Order

    The growing threat to the rules-based postwar order is a defining feature of current discussions about world politics. A two-year project explored the existing international order, assessed the challenges facing it, and recommended policies to advance U.S. interests.

    May 3, 2018

  • An American flag after a sunset

    Commentary

    What Role Will the United States Play in the World?

    Under the leadership of President Trump, the United States is questioning the net strategic benefits of its participation in the postwar order as never before. Foreign policy priorities are increasingly disconnected from the day-to-day concerns of most Americans.

    Apr 30, 2018

  • Report

    Strengthening U.S.-ROK Relations in the New Administrations of the United States and South Korea: Findings from an October 2016 RAND Corporation Conference

    This summary outlines presentations and discussions from an October 2016 conference on relations between the United States and the Republic of Korea, with a focus on strengthening regional security and economic relations.

    Apr 27, 2018

  • Report

    U.S. Policy in Asia — Perspectives for the Future: Proceedings from a RAND Corporation Conference in Early 2017

    These conference proceedings explore the arenas of U.S.--Asia engagement, provide an understanding of the outcomes of past interaction, and make the case for the terms of future engagement.

    Apr 18, 2018

  • U.S. President Donald Trump greets Japan's Prime Minister Shinzo Abe prior to their bilateral meeting at Trump s Mar-a-Lago estate in Palm Beach, Florida U.S., April 17, 2018

    Commentary

    Why the U.S.-Japan Summit Matters

    After a year and half of relative stability, the The United States and Japan now must talk about difficult issues in which they have vested interests. As allies, and close friends, they could both benefit from reconfirming common goals and establishing a set of strategies to deal with challenges.

    Apr 17, 2018

  • Honour guards at the Great Hall of the People in Beijing, China, July 4, 2016

    Commentary

    To Protect Interests Abroad, China Will Feature a Diverse Array of Military, Non-Military Forces

    As Beijing grapples with the realities of an economy increasingly susceptible to disruption from distant influences, experts debate how the Chinese military might protect overseas interests. Some have speculated that China may seek a military like that of the United States. Others have dismissed such a possibility.

    Apr 9, 2018