Evidence from numerous studies shows that emerging markets have far more poor quality drugs than western markets. There are many reasons for this, but one reason, investigated in this paper, is the possibility that smaller, often privately-owned, pharmacies take greater risks with drug procurement than larger organizations, which are often franchises or major pharmacy chains.

Austerity measures in Europe have been the topic of a heated and mostly confused debate in the economic world. During the May summit of the leading industrial nations at Camp David, German chancellor Angela Merkel and other European leaders pushed for continued European austerity. Keynesian critics argue that these policies destroy economic growth.

A new report by the American Enterprise Institute (AEI) and the Institute for the Study of War (ISW) argues that one of the greatest mistakes the United States can make is to imagine that Iranian activities in a given arena--the nuclear program, for example--are isolated from Iranian undertakings in another. The report examines those other areas

The recent election outcomes significantly changed the political leadership of France and Greece - American Enterprise Institute (AEI) Scholars Desmond Lachman and Danielle Pletka are available to comment on their economic and foreign policy implications.

In an upcoming piece, AEI's Kevin Hassett highlights a new unique index of policy uncertainty which was developed in a path-breaking paper by Stanford economists Scott R. Baker and Nicholas Bloom along with AEI Visiting Scholar and University of Chicago economist Steve Davis. Among...

The American economy is experiencing a crisis in long-term unemployment that has enormous human and economic costs.

In a just-published piece in Tax Notes, AEI economists Kevin Hassett and Alan Viard explain how targeted tax increases on big oil companies pose significant risks to the economy.

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed.