History Offers Tips for Getting a Handle on Public Debt

Countries battling high public debt must combine policies that support economic growth with lasting changes in government spending and taxation, a new study by the International Monetary Fund (IMF) concludes. A chapter in the IMF’s World Economic Outlook notes that public debt has surpassed 100 percent of GDP in Japan, the United States, and several European countries in recent […]

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Elite And Deft, Xi Aimed High Early In China

Thirty years ago, a young government official with a plum job in Beijing made an odd request: reassignment to a poor rural area. At the time, millions of young people were still clawing their way back to China’s urban centers after being exiled to the countryside in the Mao era. But 30-year-old Xi Jinpingbucked the trend, […]

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Does Economic Growth Make You Happy?

Adair Turner is the jewel in the crown of British public servants. He is one of a tiny minority in public life today capable of thinking and acting at the highest level. Economics after the Crisis, based on three lectures he delivered at the London School of Economics in 2010, is a thinking person’s delight, not […]

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The Parrot Tells India’s Story. Maybe>

PICK YOUR WAY through the narrow alleys of a south Delhi slum to the dark, low-ceilinged home of a fortune-teller with a green parrot. For a bundle of rupees he sets the bird to work, picking from a selection of cards. The man glances at one and lets his conjectures fly. India will soon be […]

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Rewards Of A National Brand

“Brand Japan” has long benefited from the strength of Japanese companies in industries as diverse as automotives and music, or “J-pop.” The recent situation in China shows how that close association can also hurt businesses when nationalist sentiments go against them. As big businesses — fairly or unfairly — become the short-term targets of populist […]

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