The Changing Map Of Economics

The global economy and capitalism are at a crossroads, owing to the COVID-19 pandemic, climate change, the rise of digital technology, and the changing nature of labor markets. Understanding this new world will require major breakthroughs in economic thinking, and closer scrutiny of some of the discipline’s core assumptions. Read More Here

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How China Is Helping To Damp Global Inflation

As China’s factory-gate prices soared this year, investors worried the country would become a new source of inflation for the rest of the world. Instead, the world’s second-largest economy has helped alleviate some price pressures caused by the pandemic, and appears likely to keep doing so—at least for a while. Read More Here

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Pandemic Year Marked By Spike In World Hunger

There was a dramatic worsening of world hunger in 2020, the United Nations said today – much of it likely related to the fallout of COVID-19. While the pandemic’s impact has yet to be fully mapped*, a multi-agency report estimates that around a tenth of the global population – up to 811 million people – […]

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The Missing Chips

The supply of semiconductors was at risk long before the pandemic, and the virus is only partly to blame for today’s shortages. One of the biggest culprits was a sudden shift in U.S. trade policy. Read More Here

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The Threat Reflex

A country that closely observes and upholds social norms can be considered to be “tight.” People in those societies don’t tolerate deviance and generally follow the rules. “Loose” countries celebrate individual creativity and freedom. Read More Here

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Suga’s Olympic-Sized Gamble

Japanese politicians are often driven to act by gaiatsu—the Japanese word for “external pressure”—and Prime Minister Yoshihide Suga got a welcome dose of it in Cornwall, England, last week when his fellow G-7 summiteers endorsed holding the Olympic Games in Tokyo next month. Read More Here

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