In The News

Laurence Peter April 24, 2018
Populations grow yet automation and productivity reduce job numbers and security. To reduce poverty, governments consider guaranteeing a universal income for their citizens. Finland launched a pilot program in 2017, when the unemployment rate exceeded 9 percent, for 2000 unemployed people selected randomly to receive monthly payments of $685 per month. Results are expected in 2019, but the...
Heizo Takenaka April 2, 2018
Big data, artificial intelligence and robotics are revolutionizing business, both increasing efficiency and reducing labor requirements. Japan, the world’s third largest economy, confronts two challenges, slow government response for labor and other reforms and the need for stronger corporate governance, explains Heizo Takenaka, a former fiscal policy minister for the country. Japan also has two...
Zia Qureshi February 22, 2018
People even in the world’s most advanced and wealthiest economies are unhappy and politically fractured – this despite a full recovery from the 2008 financial crisis and growing economies. “The increasingly unequal sharing of the economic pie lies at the heart of the rising social discontent,” explains Zia Qureshi for Brookings. “Income and wealth inequalities have risen practically in all major...
Charlotte Greenfield and Colin Packham February 21, 2018
Economies in the Asia Pacific region are among the fastest growing in the world. The United States walked away from the Trans-Pacific Partnership trade deal for reducing tariffs, but the other 11 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – persevered and finalized the terms of what is now called the Comprehensive and...
Jason Karaian January 26, 2018
Most global leaders attending the World Economic Forum that meets annually are beneficiaries and strong supporters of globalization. Many also agree that globalization and distribution of benefits could be better managed. The general secretary of the International Trade Union Confederation suggests that globalization has failed working people with low pay and insecurity. The CEO of ICICI Bank in...
Nayan Chanda January 2, 2018
The uncertainty of a topsy-turvy world has many implications for global security and the global economy. Turkey is backing away from the United States and working with Russia on Syria; Saudi Arabia has turned on neighbor Qatar; Australia, wondering about US dependability, works with China; Russia supported a social media campaign that influenced the US presidential election; and in the United...
Eshe Nelson December 15, 2017
Despite ample warnings, including the book “Capital in the Twenty-First Century” by Thomas Piketty, inequality continues to rise in most parts of the world: the top 10 percent in the United States, Sub-Saharan Africa, Brazil, India and the Middle East own about half the wealth. More than 100 researchers from 70 nations monitor the dangers through the World Inequality Lab, based at the Paris...