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Kenneth Rogoff
Filter: Category: ECONOMICS > Global Growth
  • ECONOMICS, Global Growth, Technology, Innovation

    Jeffrey Frankel, "Is Technology Hurting Productivity?"

    Project Syndicate - 19 Mar 2018

    The productivity paradox (despite all the hype about tech, productivity is flat or declining) is one of today’s big economic conundrums. Not only are new technologies doing less to boost productivity than past innovations; but - as counterintuitive as it may sound – they may even have negative side effects that undermine productivity growth, and that reduce our wellbeing in other ways as well. This article explains persuasively why (reads in 4-5 min).

    Published in Weekly selection 23 March 2018

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  • ECONOMICS, Global Growth, Inequalities, SOCIETY, Social unrest,

    Andres Velasco, "Why Economic Recovery Won’t Defeat Populism"

    Project Syndicate - 25 Jan 2018

    In the opinion of the economist/policy-maker, the hope that the current global economic recovery will entail a retreat of populism is misplaced. Even in the best-case scenario, with income distribution beginning to improve, change would be “glacially slow”. Other factors feeding populism – deindustrialization, loss of manufacturing jobs, stubborn pockets of unemployment in left-behind cities and regions – would change equally slowly. He also asserts that earlier periods show that populism thrives in environments where longstanding sources of identity – for example, class or nation – have weakened, which is the case today (reads in 6-8 min).

    Published in Weekly selection 26 January 2018

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  • ECONOMICS, Global Growth, ENVIRONMENT, Sustainability

    Diane Coyle, "Good-bye, GDP. Hello, six-part balance sheet?"

    World Economic Forum - 18 Jan 2018

    The need to go ‘beyond GDP’ in measuring economic progress and welfare is now well understood. The economist proposes to replace GDP with the measure of six kinds of capital (financial, human, physical, intangible, natural and social). The rationale is obvious: in terms of our wellbeing, human capital (education and skills), natural capital (clean air, green space, a healthy ecosystem), and social capital (a well-functioning community or nation) matter considerably more than the production of goods and services (reads in 4-5 min). 

    Published in Weekly selection 26 January 2018

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