In The News

John Lichfield December 3, 2018
More than 10,000 yellow-vested protesters in Paris expressed fury toward their government over increasing inequality, unemployment and poor services in rural areas with wealth going unshared. “The Arc de Triomphe, symbol of French Republican pride, was vandalised and tagged with insulting graffiti,” explains John Lichfield, adding that police acted with restraint as protesters set buildings and...
Robert J. Shiller December 2, 2018
Central banks manage inflation for stability, and Yale economics professor Robert Shiller describes the challenge of “silent inflation” – the practice of central banks setting inflation targets ranging from below or near 2 percent for Europe, the United States and Japan to 13 percent for Egypt. “Such policies cause a sort of magnification of the present in the minds of most people,” Shiller...
Kenneth Rogoff November 9, 2018
Economic recession, spurred by protectionist policies, is inevitable for China. Kenneth Rogoff, writing for Project Syndicate, rejects economic analysis suggesting that much of China’s problems could be regionally contained and argues that the China’s problems would quickly spread to international capital markets with so many foreign firms earning profits in Chinese markets. Asia’s high saving...
Sanjay Pulipaka November 8, 2018
Japan and India, under prime ministers Narendra Modi and Shinzo Abe, continue to improve relations as a bulwark against more powerful China and develop balance of power in the Indo-Pacific region. “Both premiers have invested heavily in the bilateral relationship and made sustained efforts to push their respective bureaucracies to catch up with their vision,” explains Sanjay Pulipaka for the...
Raj M. Desai October 31, 2018
The global economy has reduced poverty and increased the ranks of the middle class. For the first time in recorded history, people who earn enough for a comfortable life outnumber the poor. “But without a functioning system of social protection on which middle class individuals can rely, the growth in their numbers also carries significant risks of democratic retreat, conflict, and instability,”...
Cho Chung-un October 30, 2018
Economic sanctions against North Korea over the past decade increased unemployment and poverty, but also encouraged innovation. As a result, the country reports a rise in startup businesses as North Korea engages in more dialogue with South Korea and the United States. Choson Exchange is a nonprofit based in Singapore that has trained more than 2,300 North Koreans on economic policy and...
Jeff Desjardins October 23, 2018
Globalization, while less popular in some countries, still contributes to rapid change throughout the world. Global networks allow for immediate spread of new ideas, and Jeff Desjardins of Visual Capitalist identifies eight forces of global change with striking information graphics: Technology, data analysis and artificial intelligence contribute to efficiency; tech companies now represent the...