Horatiu Rus
@hrus.bsky.social
Econ & PoliSci Prof @uWaterloo: Env & Res, Trade. Kids taxi. Dog entertainer. Internalizer of externalities.
https://uwaterloo.ca/scholar/hrus
https://uwaterloo.ca/scholar/hrus
Reposted by Horatiu Rus
An update on the "Great Reallocation" in US sourcing finds that China's share in US imports had fallen by July 2025 back to where it stood in 2001, from Laura Alfaro and Davin Chor www.nber.org/papers/w34490
November 24, 2025 at 8:00 PM
An update on the "Great Reallocation" in US sourcing finds that China's share in US imports had fallen by July 2025 back to where it stood in 2001, from Laura Alfaro and Davin Chor www.nber.org/papers/w34490
Reposted by Horatiu Rus
Our online special issue, The Future of Global Governance and World Order, is out!
It features 15 short essays plus the editors' introduction, all #OpenAccess.
www.cambridge.org/core/journal...
#IOFoGG
It features 15 short essays plus the editors' introduction, all #OpenAccess.
www.cambridge.org/core/journal...
#IOFoGG
November 20, 2025 at 11:21 AM
Our online special issue, The Future of Global Governance and World Order, is out!
It features 15 short essays plus the editors' introduction, all #OpenAccess.
www.cambridge.org/core/journal...
#IOFoGG
It features 15 short essays plus the editors' introduction, all #OpenAccess.
www.cambridge.org/core/journal...
#IOFoGG
Reposted by Horatiu Rus
Very excited about this @iojournal.bsky.social special issue on the future of global governance and world order – many (short) thoughtful pieces, perfect for teaching!
www.cambridge.org/core/journal...
www.cambridge.org/core/journal...
November 22, 2025 at 12:07 PM
Very excited about this @iojournal.bsky.social special issue on the future of global governance and world order – many (short) thoughtful pieces, perfect for teaching!
www.cambridge.org/core/journal...
www.cambridge.org/core/journal...
The trouble with The Trouble with Abundance: political marketing of sound economic policies matters: How about managing scarcity efficiently and calling it “abundance”?
The Trouble with Abundance by Jeffrey Frankel @projectsyndicate.bsky.social prosyn.org/myATHPk?refe...
The Trouble with Abundance by Jeffrey Frankel @projectsyndicate.bsky.social prosyn.org/myATHPk?refe...
The Trouble with Abundance
Jeffrey Frankel advises US Democrats that their political salvation lies in acknowledging the reality of scarcity.
prosyn.org
November 20, 2025 at 10:03 PM
The trouble with The Trouble with Abundance: political marketing of sound economic policies matters: How about managing scarcity efficiently and calling it “abundance”?
The Trouble with Abundance by Jeffrey Frankel @projectsyndicate.bsky.social prosyn.org/myATHPk?refe...
The Trouble with Abundance by Jeffrey Frankel @projectsyndicate.bsky.social prosyn.org/myATHPk?refe...
On commercial peace and reverse causation -
Free Trade Can’t Bring Peace by Benn Steil @projectsyndicate.bsky.social prosyn.org/LkdDyx7?refe...
Free Trade Can’t Bring Peace by Benn Steil @projectsyndicate.bsky.social prosyn.org/LkdDyx7?refe...
Free Trade Can’t Bring Peace
Benn Steil shows that globalization always depended on global security, not the other way around.
prosyn.org
November 20, 2025 at 9:42 PM
On commercial peace and reverse causation -
Free Trade Can’t Bring Peace by Benn Steil @projectsyndicate.bsky.social prosyn.org/LkdDyx7?refe...
Free Trade Can’t Bring Peace by Benn Steil @projectsyndicate.bsky.social prosyn.org/LkdDyx7?refe...
Reposted by Horatiu Rus
Based on very cool analysis by @benkeys.bsky.social and Philip Mulder @nber.org
www.nber.org/papers/w32579
www.nber.org/papers/w32579
November 20, 2025 at 8:20 PM
Based on very cool analysis by @benkeys.bsky.social and Philip Mulder @nber.org
www.nber.org/papers/w32579
www.nber.org/papers/w32579
What do we want? Free Canadian Trade, except for food, alcohol, financial services and "other things"! 😒https://www.cbc.ca/news/canada/british-columbia/bc-interprovincial-trade-barrier-dropped-9.6984871
Provinces sign agreement to drop interprovincial trade barriers on goods except food, alcohol | CBC News
An agreement, signed today, between all Canadian provinces, territories, and the federal government, will drop interprovincial trade barriers on many goods except food and alcohol. It's part of an eff...
www.cbc.ca
November 20, 2025 at 3:11 AM
What do we want? Free Canadian Trade, except for food, alcohol, financial services and "other things"! 😒https://www.cbc.ca/news/canada/british-columbia/bc-interprovincial-trade-barrier-dropped-9.6984871
A bold proposal for persistent imbalances
“To sustain a stable and fair global system, policymakers must recognize that integration entails shared constraints.”
@michaelpettis.bsky.social makes the case for a global customs union:
@michaelpettis.bsky.social makes the case for a global customs union:
How to Fix Free Trade
A global customs union could solve the problem of imbalances.
www.foreignaffairs.com
November 18, 2025 at 10:22 AM
A bold proposal for persistent imbalances
Reposted by Horatiu Rus
"The case for spending aid in the poorest countries is strong—it's where each $ spent can have the greatest effect on life expectancy...or economic growth."
@charlesjkenny.bsky.social on the vital role aid plays in LICs & the reasons why that's where we should spend it:
https://go.cgdev.org/3X01PzX
@charlesjkenny.bsky.social on the vital role aid plays in LICs & the reasons why that's where we should spend it:
https://go.cgdev.org/3X01PzX
Aid Isn’t Fairy Dust
Long-term changes and the lessons of the past decade suggest rhetoric around what aid can accomplish needs to be dialed down. It is largely macroeconomically irrelevant in middle-income countries and ...
go.cgdev.org
November 17, 2025 at 4:46 PM
"The case for spending aid in the poorest countries is strong—it's where each $ spent can have the greatest effect on life expectancy...or economic growth."
@charlesjkenny.bsky.social on the vital role aid plays in LICs & the reasons why that's where we should spend it:
https://go.cgdev.org/3X01PzX
@charlesjkenny.bsky.social on the vital role aid plays in LICs & the reasons why that's where we should spend it:
https://go.cgdev.org/3X01PzX
Reposted by Horatiu Rus
How's this for energy abundance? Millions of Aussies will start receiving three hours of free power each day in 2026. This is what happens when you make rooftop solar less than a buck a watt!!
"Rooftop solar installations cost about $840 (U.S.) per kilowatt of capacity before rebates." 🤯
🔌💡
"Rooftop solar installations cost about $840 (U.S.) per kilowatt of capacity before rebates." 🤯
🔌💡
November 6, 2025 at 12:46 AM
How's this for energy abundance? Millions of Aussies will start receiving three hours of free power each day in 2026. This is what happens when you make rooftop solar less than a buck a watt!!
"Rooftop solar installations cost about $840 (U.S.) per kilowatt of capacity before rebates." 🤯
🔌💡
"Rooftop solar installations cost about $840 (U.S.) per kilowatt of capacity before rebates." 🤯
🔌💡
E.g. “ARPA-W” would focus on developing “labor-friendly technologies”. The political economy of this is difficult, to say the least.
"We spend so much time on the global economy and global agreements. But there is so much that can be done internally”--Dani Rodrik, the Harvard economist, talking to me about his new book "Shared Prosperity in a Fractured World."
www.newyorker.com/news/the-fin...
www.newyorker.com/news/the-fin...
Can the Global Economy Be Healed?
A noted Harvard economist presents an optimistic vision of a world after Donald Trump.
www.newyorker.com
November 3, 2025 at 11:20 PM
E.g. “ARPA-W” would focus on developing “labor-friendly technologies”. The political economy of this is difficult, to say the least.
Reposted by Horatiu Rus
"We spend so much time on the global economy and global agreements. But there is so much that can be done internally”--Dani Rodrik, the Harvard economist, talking to me about his new book "Shared Prosperity in a Fractured World."
www.newyorker.com/news/the-fin...
www.newyorker.com/news/the-fin...
Can the Global Economy Be Healed?
A noted Harvard economist presents an optimistic vision of a world after Donald Trump.
www.newyorker.com
November 3, 2025 at 6:12 PM
"We spend so much time on the global economy and global agreements. But there is so much that can be done internally”--Dani Rodrik, the Harvard economist, talking to me about his new book "Shared Prosperity in a Fractured World."
www.newyorker.com/news/the-fin...
www.newyorker.com/news/the-fin...
Reposted by Horatiu Rus
The Agreement on Climate Change, Trade, and Sustainability presents a novel approach for leveraging trade policy for climate mitigation, emphasizing how progressing toward a green transition can also unlock important commercial opportunities, write Inu Manak, Helena Kopans-Johnson, and Tony Wu.
Trade Tools for Climate Action: Agreement on Climate Change, Trade, and Sustainability
The novel Agreement on Climate Change, Trade, and Sustainability balances ambitious environmental targets with domestic economic considerations, offering a blueprint for countries looking to make the...
www.cfr.org
November 2, 2025 at 7:49 PM
The Agreement on Climate Change, Trade, and Sustainability presents a novel approach for leveraging trade policy for climate mitigation, emphasizing how progressing toward a green transition can also unlock important commercial opportunities, write Inu Manak, Helena Kopans-Johnson, and Tony Wu.
external shocks and env. policy
Check out this symposium that @lisasundstrom.bsky.social and I co-edited!
Symposium: Climate Policy in an Era of Disruption
Climate policy in an era of disruption: the impact of COVID-19 and the war in Ukraine on the United States, Russia, Canada and the European Union by @profkharrison.bsky.social & @lisasundstrom.bsky.social
doi.org/10.1080/0964...
Climate policy in an era of disruption: the impact of COVID-19 and the war in Ukraine on the United States, Russia, Canada and the European Union by @profkharrison.bsky.social & @lisasundstrom.bsky.social
doi.org/10.1080/0964...
October 29, 2025 at 2:36 PM
external shocks and env. policy
Great 🧵
You've got to love studies like these: New carbon tax paper out in @aeajournals.bsky.social: Macroeconomics.
The headline: "I find that carbon taxes reduce emissions
as expected but also impair macroeconomic activity."
What to make of this, a quick 🧵
The headline: "I find that carbon taxes reduce emissions
as expected but also impair macroeconomic activity."
What to make of this, a quick 🧵
October 18, 2025 at 4:01 PM
Great 🧵
Copying China’s industrial development playbook goes mainstream
EU industry boss Sejourne:
“I would rather welcome foreign investment in Europe but under conditions... we must impose our conditions for access to the European market, the same way many, like the Chinese, impose their conditions to enter their market"
www.bloomberg.com/news/article...
“I would rather welcome foreign investment in Europe but under conditions... we must impose our conditions for access to the European market, the same way many, like the Chinese, impose their conditions to enter their market"
www.bloomberg.com/news/article...
EU Braces for Fight Over Shielding €2.5 Trillion of Public Deals
European Union countries will begin debating next week how much preferential treatment to give domestic firms bidding for public contracts worth about €2.5 trillion ($2.9 trillion) a year.
www.bloomberg.com
October 16, 2025 at 9:29 AM
Copying China’s industrial development playbook goes mainstream
🇨🇦 Nobel: Peter Howitt
Breaking News: The Nobel Memorial Prize in Economics was awarded to Joel Mokyr, Philippe Aghion and Peter Howitt for their work on how technology drives growth.
Three Share Nobel in Economics for Work on How Technology Drives Growth
Joel Mokyr was awarded half of the prize, and Philippe Aghion and Peter Howitt shared the other half.
nyti.ms
October 13, 2025 at 12:29 PM
🇨🇦 Nobel: Peter Howitt
Reposted by Horatiu Rus
Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research on how technological innovation fuels economic growth and creative destruction. n.pr/4oh42lZ
3 share Nobel Prize in Economics for work on technology, growth and creative destruction
Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research on how technological innovation fuels economic growth and creative destruction.
n.pr
October 13, 2025 at 11:35 AM
Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research on how technological innovation fuels economic growth and creative destruction. n.pr/4oh42lZ
Reposted by Horatiu Rus
NEW – IEA: Renewables have cut fossil-fuel imports for more than 100 countries | @joshgabbatiss.bsky.social @iea.org
Read here: buff.ly/moV7Tge
Read here: buff.ly/moV7Tge
October 9, 2025 at 2:45 PM
NEW – IEA: Renewables have cut fossil-fuel imports for more than 100 countries | @joshgabbatiss.bsky.social @iea.org
Read here: buff.ly/moV7Tge
Read here: buff.ly/moV7Tge
Reposted by Horatiu Rus
Nice work if you can get it? The distribution of employment and earnings during the early years of the clean energy transition
By @jmcolmer.bsky.social, Eva Lyubich and John Voorheis
Read: cep.lse.ac.uk/pubs/d...
By @jmcolmer.bsky.social, Eva Lyubich and John Voorheis
Read: cep.lse.ac.uk/pubs/d...
October 9, 2025 at 1:00 PM
Nice work if you can get it? The distribution of employment and earnings during the early years of the clean energy transition
By @jmcolmer.bsky.social, Eva Lyubich and John Voorheis
Read: cep.lse.ac.uk/pubs/d...
By @jmcolmer.bsky.social, Eva Lyubich and John Voorheis
Read: cep.lse.ac.uk/pubs/d...
Reposted by Horatiu Rus
A partner to this similarly jaw-dropping chart...
October 9, 2025 at 1:37 AM
A partner to this similarly jaw-dropping chart...
Reposted by Horatiu Rus
Original draft of syllabus is here - www.programmablemutter.com/p/the-politi... - still in need of a summary piece on the role of capital in shaping the AI economy
The Political Economy of AI: A Syllabus
As I’ve noted occasionally before, one of the most potentially useful things that academics do is preparing syllabi, and hence organizing information about the world.
www.programmablemutter.com
August 1, 2025 at 1:33 PM
Original draft of syllabus is here - www.programmablemutter.com/p/the-politi... - still in need of a summary piece on the role of capital in shaping the AI economy
Reposted by Horatiu Rus
Actually, the basic economics of it is even more ambiguous than that. First, opening up to trade results in a *rise* in the relative price of exportables. So it was not a good deal, even on prices, for consumers of food, say, or airplanes in the U.S. +
October 8, 2025 at 3:55 PM
Actually, the basic economics of it is even more ambiguous than that. First, opening up to trade results in a *rise* in the relative price of exportables. So it was not a good deal, even on prices, for consumers of food, say, or airplanes in the U.S. +
Reposted by Horatiu Rus
Worldwide solar and wind power generation has outpaced electricity demand this year, and for the first time on record, renewable energies combined generated more power than coal, according to a new analysis.
share.google/FrLUSBkG5xrX... 🔌💡 #Upshift
share.google/FrLUSBkG5xrX... 🔌💡 #Upshift
Solar and wind power has grown faster than electricity demand this year, report says
A new analysis of solar and wind power shows its generation worldwide has outpaced electricity demand this year.
share.google
October 7, 2025 at 8:40 PM
Worldwide solar and wind power generation has outpaced electricity demand this year, and for the first time on record, renewable energies combined generated more power than coal, according to a new analysis.
share.google/FrLUSBkG5xrX... 🔌💡 #Upshift
share.google/FrLUSBkG5xrX... 🔌💡 #Upshift