Tyler Cowen

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In our globalized economy, competitors can suddenly appear out of nowhere — if we can see them at all. The new environment spells trouble for some people, opportunity for others. 

The New Invisible Competitors

Karol Boudreaux

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It’s wishful thinking to believe that tiny loans to people in developing countries can end poverty, but microcredit does improve the lives of millions in small but meaningful ways.

The Micromagic of Microcredit

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It’s no cause for celebration, but the global financial crisis shows why the United States remains the indispensable nation.

Last Man Standing

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Welcome the new world with open arms — and open browsers. 