While the commotion over bond spreads is justified, it diverts attention from the main arena where the survival of the euro will ultimately be decided: the realignment of Europe’s peripheral economies toward exports and import substitutes. […]
Soaring inequality is front and center in the electoral debate. How does the inequality trend in the United States compare with other countries? […]
The new World Bank president, an American once again, was selected through a process that was far from competitive. However, the presence of two developing world candidates in this year’s field may be a sign that the tide is turning. […]
Over three dozen ex-World Bank officials have backed Nigerian finance minister Ngozi Okonjo-Iweala’s bid for the World Bank’s presidency. But does she stand a real chance of becoming the institution’s first non-U.S. leader? […]
Coordinated policy and plain luck have propped up the eurozone, but have not decisively addressed the root cause of the euro crisis: diminished competitiveness in the periphery. […]
While Jim Yong Kim is a strong nominee for president of the World Bank, it is interesting to imagine how a more desirable and honest nomination process could unfold. […]
Over the past 20 years, emerging economies have not only grown faster than advanced countries, but outperformed market expectations–leading to significant returns on investment. Whether this will be the case in the future remains to be seen. […]
As Italian and Spanish spreads on government bonds decline, Europeans are breathing a big sigh of relief. But true recovery requires big structural shifts that will take many years. […]
The selection process for the World Bank’s top job is far from competitive, but focusing on the presidency obscures the extent to which other high-level positions at both the Bank and the International Monetary Fund are also quota-driven. […]
The next administration will confront numerous domestic economic policy challenges, including persistently high unemployment, a surging national debt, tax and social spending reform, and the energy and climate nexus. […]
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