Income Gap the Bane of United States
President Barack Obama has committed to fighting income inequality. It is not a moment too soon to focus on this issue. […]
Op-Ed
More Like Us
The protests observed throughout the developing world demonstrate that even when governments are democratically elected, they still face direct challenges to their legitimacy. […]
Emerging Markets Are Not The Answer To Our Growth Problem
Summary:
Developing economies have performed strongly, while their advanced-country counterparts have struggled to sustain comparable economic growth. Emerging markets can help the advanced economies, but they are still too small and vulnerable to do the job on their own. […]
The Accidental Trade Policy
U.S. trade policy has undergone an epic shift in the last decade. The ambitious new strategy is promising, but it will also prove challenging and risky. […]
The Inequality Challenge
The United States has experienced a much sharper increase in inequality relative to other advanced countries. In fact, the magnitude of U.S. inequality resembles that of a developing country. […]
U.S. Fiscal Cliff Risks Dragging Global Economy into Darkness
If the United States falls off this fiscal cliff into recession, the outlook for the world economy, already gloomy, will darken further. […]
The Big West Solution
The United States and Europe are still recovering from the housing bubbles , but the hardest-hit U.S. states have bounced back more rapidly than Greece, Ireland, and Spain. […]
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. […]
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. […]