The World Bank's recent report argues that government intervention, when done right, can actually be an essential ingredient of economic success, reversing decades of opposition to industrial policy.
These disparate strands came together in early 2013 at the London School of Economics with the inaugural meeting of Rethinking Economics a student-led organisation that has gone on to challenge the way economics is taught at universities around the world. That first meeting was a bit chaotic, recalls Yuan Yang, one of the group's founders and a Labour MP since 2024.
U.S. President Donald Trump, with his lust for Greenland and hectoring of Europe, thinks the world is at his mercy,and thatthe U.S. is invincible. He's right on the first point. But he discovered this week that he's wrong about the second one. In Davos at the World Economic Forum, Trump climbed down on his Greenland threats after his actions caused chaos in the markets.