Even as inflationary pressures ease, geopolitical tensions and structural factors such as unfavorable demographics and high debt levels have taken a toll on household and business confidence worldwide. The challenge for governments is to rebuild confidence and enhance productivity, which remain essential to getting the global recovery back on track. Read More Here
China’s exceptional growth in recent decades has influenced the education and career choices of young people and their families. But now that high-skilled jobs are drying up and recent graduates are struggling to find work, there is a growing mismatch between expectations and new realities. Read More Here
Mainland China’s overall population fell in 2022, illustrating how widespread shifts to pro-natalist policies are not producing the desired results. Read More Here
Without a doubt, India could be on the cusp of a historic boom—if it manages to increase private investment, including by attracting large numbers of global firms from China. But will New Delhi be able to seize this opportunity? Read More Here
After helping to drive decades of development and modernization in emerging economies, the twentieth-century economist W. Arthur Lewis’s Nobel Prize-winning growth model can now be applied to the entire world. Unfortunately, what it shows is that we are heading into a period of deep uncertainty and supply-constrained growth. Read More Here
In planning for the year ahead, economic policymakers should pay less attention to the consensus economic forecast and more attention to today’s everything asset and credit market bubble. Maybe then when those bubbles burst, they will not be caught out as flatfooted as they were in 2008. Read More Here
While the US, China, and other leading economies are on their way to a robust recovery, many others are struggling to return to pre-pandemic GDP levels. In most regions, including Europe and Latin America, the 2020 recession will most likely leave long-lasting scars on both GDP and employment. Read Here | Project Syndicate
The good news, then, is that the world in 2030 will be more prosperous. Indeed, the middle class could swell to over 5.5 billion people, predominantly in Asia. But it will also be significantly more unequal in individual countries. The European and North American middle class may not get much relief given current growth and […]
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 […]
looking beyond borders 