The American fracking for oil and natural gas boom will continue on through the 2020s. And why not? Since fracking took off in 2008, the U.S. has more than doubled our proven oil reserves to ~65 billion barrels. Natural gas reserves have surged over 80% to ~430 trillion cubic feet. Already the largest oil and […]
Silicon Valley’s role as a tech capital continues to grow in scale and importance, according to a new report. The region, and a few other coastal tech hubs, are gobbling up a greater share of high-tech jobs than ever. The data suggests just a few places are pulling away from the rest, taking the highest-paying jobs […]
In today’s globalised world, falling behind technologically carries major costs. That is why the world need a comprehensive understanding of the digital revolution’s effects on individual and social welfare as soon as possible. Read Here – Project Syndicate
For all the worries today about the explosion of inequality in rich countries, the last few decades have been remarkably good for the world’s poor. Between 1980 and 2016, the average income of the bottom 50 percent of earners nearly doubled, as this group captured 12 percent of the growth in global GDP. Read Here […]
Until recently, data sets were small and costly, and computers were slow and expensive. So it is natural that as gains in computing power have dramatically reduced these impediments, economists have rushed to use big data and artificial intelligence to help them spot patterns in all sorts of activities and outcomes. Read Here – Project […]
In the “new normal” economic world, many beliefs have been turned on their head. Trade wars supposedly do not cause lasting harm, declining corporate output, earnings and investment are no cause for alarm, stock prices can go on rising regardless, and record global debt is nothing to lose sleep over. Read Here – South China Morning […]
Owing to a recent easing of both Sino-American tensions and monetary policies, many investors seem to be betting on another era of expansion for the global economy. But they would do well to remember that the fundamental risks to growth remain, and are actually getting worse. Read Here – Project Syndicate
Many people, including economists, wonder why a scheduled 3% fare increase on the Santiago metro triggered mass protests that paralyzed the entire country. In fact, the popular response should come as no surprise, and understanding it is crucial to devising better policy solutions. Read Here – Project Syndicate
Now that the old rules governing macroeconomic cycles no longer seem to apply, it remains to be seen what might cause the next recession in the United States. But if recent history is our guide, the biggest threat stems not from the US Federal Reserve or any one sector of the economy, but rather from […]
It’s become commonplace for corporate lobbyists to write bills passed in state legislatures. The influence of corporate lobbyists in the U.S. Congress may be more subtle, but the combined power of lobbyists, many of them former politicians, is a major driver of the influence of corporate power in American government today. Read Here – JStor […]
looking beyond borders 