The End of Work?
The solution to America’s employment problems is not to attempt to stop technology or trade, but rather to increase investment in education and look closely at how skill needs can be better matched with supply. […]
Month: May 2012
Can Spain and Italy Export Their Way Out of Trouble?
Neither Spain nor Italy seems well positioned for sustainable export-led growth. Without a commitment to domestic reforms that restore competitiveness, both countries risk a long period of stagnation, if not a plunge into crisis. […]
The Global Middle Class is Bigger Than We Thought
Using car ownership as a proxy for purchasing power indicates that the global middle class is about 50 percent larger than typically assumed, with important implications for geopolitics and economics. […]
Euro Crisis: Back with a Vengeance
With European voters voicing their frustration at harsh austerity measures, economic fears are back in the eurozone and any respite from government and central bank intervention appears to be fading. […]
Prospects for the Eurozone
As concerns rise over a potential exit by Greece and a possible bailout for Spain, the eurozone remains in a very difficult predicament, with few good options for moving forward. […]
Iran, Oil Prices, and the Global Economy
With tighter sanctions on Iran scheduled to go into effect in the second half of this year, global oil prices could spike further, adding uncertainty to fragile global economic prospects. […]
Demystifying the Chinese Economy
Since opening up to the world in 1979, China’s economy has grown by an astonishing 10 percent, on average, in real terms every year. But many observers have pointed out that China’s recent “rise” is more aptly deemed a “return” to the preeminence it enjoyed before the eighteenth century. […]