In The News

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...
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...