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.

  • Israel's Prime Minister Benjamin Netanyahu, U.S. President Donald Trump, and UAE Foreign Minister Abdullah bin Zayed sign the Abraham Accords in Washington, September 15, 2020, photo by Tom Brenner/Reuters

    Report

    The Abraham Accords Could Have Wide-Reaching Economic Benefits

    Mar 18, 2021

    The Abraham Accords between Israel and Muslim nations represent a possible new chapter in the region's development—away from conflict and toward a shared vision of economic prosperity. Israel's partners could gain 150,000 new jobs. And that could grow to 4 million new jobs over a decade if other nations join.

  • Game pieces atop stacks of coins of various heights, depicting income inequity, photo by Andrii Zastrozhnov/Getty Images

    Research Brief

    A New Approach to Measuring Income Inequality

    Apr 30, 2021

    A new method for measuring income inequality reveals that, from 1975 to 2018, the only group for which actual income gains exceeded U.S. GDP growth was the group near the 99th percentile of income distribution.

Explore Economics

  • 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

  • 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

  • Report

    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

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

    Article

    Four Ways 3D Printing May Threaten Security

    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.

    May 8, 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

  • Report

    Report

    The Future of Arctic Cooperation in a Changing Strategic Environment: Insights from a Scenario-Based Exercise Organised by RAND and Hosted by NUPI

    This Perspective summarises the results of a table-top exercise on factors that could upset Arctic cooperation in the 2020 decade. While this exercise confirmed the solidity of cooperation, it also identified "wild cards" that could create tensions.

    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

    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

  • The Eiffel tower is illuminated in green with the words "Paris Agreement Is Done" to celebrate the Paris U.N. COP21 Climate Change agreement in Paris, France, November 4, 2016

    Report

    U.S. Policy in Asia Under the Trump Administration

    A conference on U.S. policy in Asia explored the arenas of U.S.-Asia engagement, developed an understanding of the outcomes of past interaction, and made the case for the terms of future engagement. Topics included climate change, trade and investment, national security, human rights, and macroeconomic issues.

    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

  • Iran flag and ICBM

    Commentary

    The Iran Deal Will Survive, at Least for Now

    A U.S. unilateral withdrawal from the Iran nuclear deal does not necessarily mean the deal will collapse. But a broader collapse of the agreement along with the imposition of harsh sanctions in the coming months could sharply escalate tensions with Iran.

    Apr 4, 2018

  • The U.S. embassy in Moscow, Russia, March 27, 2018

    Commentary

    Moscow Is Going Too Far

    Russia has become more daring with the West with its retaliatory expulsions and may face a high price. An angered West could turn from expulsions to economic countermeasures.

    Apr 3, 2018

  • Chinese President Xi Jinping shakes hands with Zhang Dejiang after a vote on a constitutional amendment lifting presidential term limits, at the Great Hall of the People in Beijing, China, March 11, 2018

    Commentary

    China's Strengthening of Communist Party Rule Is Not Just a Power Grab

    Strengthening the leadership role of the Communist Party and removing term limits for President Xi Jinping have raised fears about increasingly authoritarian Chinese politics. While repression may well increase, boosting the party’s influence also increases the chance of badly needed reforms concerning governance and the economy.

    Apr 2, 2018

  • News Release

    News Release

    To Protect Overseas Interests, China Likely to Rely More on Contractors and Host Nation Forces Than Its Own Military

    China is far less likely to involve its military in security activities abroad than has been the case for the United States or for imperial powers of previous centuries. To bolster security for the Belt and Road Initiative and other economic activities abroad, China will instead rely heavily on civilian contractors and host nation-provided forces, with Chinese military and paramilitary forces playing an important but limited role.

    Mar 27, 2018

  • A U.S. gunnery officer discusses techniques with Chinese sailors before a joint counter-piracy exercise in the Gulf of Aden, August 24, 2013

    Report

    How China Is Pursuing Overseas Security

    Thousands of China's commercial enterprises are located overseas. Millions of its citizens travel abroad each year. To protect its interests from maritime piracy, civil conflict, and other threats, China is likely to rely more on contractors and host nation forces than its own military. What will this mean for the United States?

    Mar 27, 2018

  • Russian President Vladimir Putin meets with co-chairs of his campaign office at the Kremlin in Moscow, Russia, March 19, 2018

    Commentary

    Putin Can Learn from Gorbachev on How to Gain from Future U.S. Talks

    Vladimir Putin has won a flawed election to a fourth term as Russia's president, and Donald Trump has suggested the two will likely meet soon. For the Kremlin leader, however, a summit may draw shortcomings into sharper relief. If the two presidents meet, several key issues will await them.

    Mar 22, 2018