The question of whether to prioritize jobs or economic efficiency is always difficult. Nowhere is this more of a dilemma than in the construction industry. In a world of rapid technological disruption, construction is a rock of solidity to which many blue-collar workers can cling. The industry still employs about 7 million workers in the US. The job doesn’t change ...

Riots, drought, social instability: Emerging markets are never easy. Now investors face a potentially bigger test—they must decide whether President Xi Jinping’s determination to remain in power in China is a risk-on or risk-off moment for the whole asset class. The Communist Party is set to repeal presidential term limits this month in a step that would allow the 64-year-old ...

Indonesian President Joko Widodo’s choice of a new central bank governor is a clear signal that the campaign for next year’s election has begun in earnest. It’s hard to find another way to explain the promotion of Bank Indonesia Deputy Governor Perry Warjiyo to the top job. With campaigning for municipal elections in June under way and a tough presidential ...