Highlighting a tension between science’s universalist ideals and today’s geopolitical realities...
International trade will continue to be important for economic performance..
Using China’s foreign direct investment (FDI) liberalization following WTO accession as a quasi-natural experiment, we examine whether foreign direct investment can promote intergenerational occupational mobility.
Rain dilutes and cleanses surface water—but not always. We document a novel “polluting-in-the-rain” phenomenon: industrial firms strategically time the release of untreated wastewater into waterways during heavy rainfall, exploiting the natural dilution effect to evade water quality regulations that are primarily designed for dry-weather conditions. Such strategic emissions pose a serious threat to local water quality and significantly undermine China’s national pollution abatement efforts.
Offering farmers a menu of insurance contracts instead of a single option significantly increases insurance take-up, by changing how farmers evaluate options within the contract menu.