Andres Velasco

THE WRITER, A FORMER FINANCE MINISTER OF CHILE, IS DEAN OF THE SCHOOL OF PUBLIC POLICY AT THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE

Parts for various robots in Shenzhen. Innovation requires what economists call rents: abnormally large profits that more than compensate for innovators’ costs.

The enduring enigma of economic growth

Under Prime Minister Narendra Modi, India's "norms and practices underpinning democracy substantially deteriorated", says one academic, yet he remains one of the world's most popular elected leaders.
THE BROAD VIEW

The paradox of democratic backsliding

Far-right former congressman Jose Antonio Kast has promised to kick out migrants and cut taxes.

The irresistible temptation of Chile’s polarised politics

Like its predecessor, the London Consensus holds that an economy with low inflation, prudent fiscal policies and openness to world trade offers the best hope for human flourishing.

A new economic playbook for policymakers

Unemployed steelworkers in America’s Rust Belt did not get the economic lift promised during US President Donald Trump’s first term.

Deliveroo politics

The European Union is supposed to be a fully unified market for trade in all goods and services, but the truth is that many barriers remain.

Why is Europe so wimpy?

To serve as a lender of last resort, the Fed must make an ironclad commitment that it will not inflate away the value of US debt – and Trump is doing his best to erode the credibility of that promise.

The world’s newest emerging market

An empty bar in Santiago, Chile. The Chilean economy, once the wonder of Latin America, has barely been growing in recent years, and the investment boom of the 1990s and 2000s is long past.
THE BROAD VIEW

Chile’s unhappy success

At the end of 2024, foreigners held nearly US$8.6 trillion in US federal debt.

Who benefits from a global dollar?

To give populists like Trump a run for their money, liberals need to speak in moral terms and connect with most voters' moral intuitions.
THE BROAD VIEW

How liberals lost America