More than a decade after the global financial crisis, macroeconomists have failed to absorb three crucial sets of lessons. Their models are still struggling – and mostly failing – to cope with disruptive change, and with the fact that both balance sheets and inequality matter. Read Here – Project Syndicate
Nov. 9 marks the 30th anniversary of the fall of the Berlin Wall. There will be no lack of commemoration — but there will also be very little celebration. Today the country is once again divided along East-West lines, and growing more so. As it does, the historical narrative of what really happened in the […]
When the growth debate kicked off in the 1970s, most of the public still didn’t know anything about climate change. The Club of Rome researched resource consumption, overpopulation and pollution in a very broad sense. However, now that climate change has become an important political issue, we can learn a lot from that time. Most […]
Hong Kongers have long had an uneasy relationship with the Chinese Communist Party (CCP) because of the party’s attitude toward the city, which has been to extract as many economic benefits from it as possible, with little or no concern for those who live there. Read Here – The Atlantic
New Delhi has played its cards right to ensure global powers do not rock the boat over controversial futures mapped out for the two far-flung regions, but while many are onside now, analysts warn India cannot expect something for nothing. Read Here – South China Morning Post
Engineering and medicine have in many respects become separate from their respective underlying sciences of physics and biology. Public-policy schools, which typically have a strong economics focus, must now rethink the way they teach students – and medical schools could offer a model to follow. Read Here – Project Syndicate
To present and future Chinese leaders, managing economic change while maintaining social stability is much more important than figuring out how to respond to the social media rumblings of a sitting US president. For an economy as much as an individual, too much of a good thing can be detrimental. In the run-up to the […]
It has been a good decade for dictatorship. The global influence of the world’s most powerful authoritarian countries, China and Russia, has grown rapidly. For the first time since the late nineteenth century, the cumulative GDP of autocracies now equals or exceeds that of Western liberal democracies. Read Here – Foreign Affairs
Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option. Read Here – […]
EU officials want to set up a €100 billion wealth fund to bolster “European champions” against American and Chinese business rivals like Google, Apple and Alibaba. The proposal for a so-called European Future Fund appears in an unusually radical raft of plans that European Commission officials want to put onto the agenda of their president-elect, Ursula […]
