Comfort Oshagbemi

Aug 5, 2024 | brookings.edu | Comfort Oshagbemi |David Wessel

Building infrastructure in the U.S. costs substantially more than in other countries. For example, on a per-mile basis, the U.S. spends three times as much as other upper- and middle-income countries on certain transportation infrastructure.

Jul 26, 2024 | brookings.edu | Gian Maria Milesi-Ferretti |Comfort Oshagbemi

The terms of trade is an index measuring the price of a country’s exports relative to the price of its imports. The terms of trade rise (improve) when the price of a country’s exports increase relative to the price of its imports, and decline (deteriorate) if import prices increase relative to export prices. Terms of trade matters because it measures the purchasing power of exports relative to imports.