In The News

Ben Holland May 23, 2018
The United States withdrew from the Iran nuclear deal known as the Joint Comprehensive Plan of Action and plans unilateral sanctions. Ben Holland of Bloomberg News identifies a pattern: the Trump administration’s increasing reliance on sanctions and disdain for diplomacy. Other major economies, especially the European Union, China and India may be weary of US demands that increase their costs. “...
Michael Heise May 16, 2018
Accelerating global growth is based on rising public and public debt. Economist Michael Heise counts such debt among the most serious challenges for the global economy. The Bank for International Settlements reports that total private and public debt of households, government agencies, corporations and other entities not in the financial sector – or non-financial debt – amounts to more than 240...
Leonid Berehidsky May 4, 2018
The European Union represents values as much as much as trade, political or economic relationships – and its staff proposes reducing budgets of member states that weaken the rule of law and tolerate corruption. The European Commission has proposed a $1.3 trillion budget that would “make it more difficult for nationalist governments to use the union’s money to garner voter loyalty,” explains...
Koichi Hamada May 2, 2018
Open economies with active trade, immigration and foreign investment have historically enjoyed prosperity, and “globalization does not deserve voters’ ire,” argues Koichi Hamada for Project Syndicate. Competition does harm some communities and individuals, but governments can target policies that encourage economic security, job training and adaptation. “Yet such countervailing policies are...
Eric Posner and Glen Weyl May 2, 2018
Consolidated power among corporations, more so than the forces of globalization or technology, has reinforced inequality, fueled populism and reduced support for democracy. “In the past two decades, growth rates in the United States have fallen to half of what they were in the middle of the 20th century,” note authors Eric Posner and Glen Weyl for the New York Times. “The share of income accruing...
Lynne Doughtie April 26, 2018
To compete in a global and digital economy, workers cannot afford to stop educating themselves. Technological advancements like artificial intelligence disrupt economies, and businesses struggle to recruit skilled employees. “Part of the problem is that many workers are struggling to take advantage of the opportunities afforded by technological disruption,” explains Lynne Doughtie, CEO of KPMG,...
Arvind Subramanian April 26, 2018
Some forms of globalization tend to be appreciated more than others, and economist Arvind Subramanian delves into why cross-border financial exchanges are more widely accepted than trade or migration despite having “regularly wreaked havoc on rich and poor economies alike over the last 40 years.” He concludes: “When it comes to real global integration, it is easy to identify perpetrators and...