Friedman had discovered in human capital theory more than just a means for boosting economic growth. The very way it conceptualised human beings was an ideological weapon too, especially when it came to counteracting the labour-centric discourse of communism, both outside and inside the US. Read Here – Aeon
Globalisation is supposed to be in retreat. How, then, do you reconcile the following? Since 2005, the number of travellers crossing international borders each year has risen by around half, to 1.2 billion. The number of people using the internet has soared from 900,000 to more than 3 billion. By 2020, their ranks are projected […]
Even if India’s economy is growing faster than China, it does not mean that India has become economically as powerful as China. While India’s Gross Domestic Product (GDP) was $2.5 trillion in 2016, China’s GDP is nearly five times of that, at $11.4 trillion. That also reflects in the per capita GDP: while it is […]
Even as NATO heads of state prepare to discuss Russia and global terror at their annual summit this month, a deeper issue is haunting America’s allies around the globe: their relative military and economic decline over the past two decades — and the increasingly sharp geopolitical challenges this poses for the United States. Read Here – […]
After years of careful preparation and months of campaigning, Emmanuel Macron and his allies are about to take control of the euro area’s second-biggest economy. Typically associates from the elite French schools where the new president studied, or his time in government under outgoing President Francois Hollande, Team Macron were first dismissed as fantasists and […]
You may know the name Thomas Piketty. His work launched him to prime time as the “rock star economist”; his sultry French accent and general attractiveness, of course, helped. You may not know the name of his intellectual counterpart: Branko Milanović. Balding and bespectacled, the 63-year-old looks much more like a dismal scientist than a […]
A new commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, […]
By 2030 one in five people will be African. Combine the continent’s soaring population with technology, improvements in infrastructure, health and education, and Africa could be the next century’s economic growth powerhouse. Read Here – World Economic Forum
Tourists, $100 vodka cocktails with caviar, a small dog in the arms of the Treasury secretary. It’s a hotel lobby as a symbol of this presidency. Read Here – Bloomberg
looking beyond borders 