Project Syndicate - 1 Feb 2018
The Nobel Laureate, who’s been going to Davos every year since 1995, explains why he came back more dispirited than ever. In his opinion, the world is plagued by almost intractable problems, even so this year, most global CEOs rejoiced about the return to growth, strong profits, and soaring executive compensation. He and other economists reminded them that this growth is not sustainable and has never been inclusive; but their arguments have had little impact (reads in 5-6 min).
Published in Weekly selection 2 February 2018
VOXeu - 10 Nov 2017
This academic article may be a little dry and specific, but it reaches a fundamental conclusion: high levels of population diversity (the result of a lot of migration) have had a strong, positive influence on economic development, while high levels of polarization have undermined development. Wealthy countries that decide to forego new migration may be jeopardizing not only the short-term positive impact associated with greater diversity, but also the enduring positive influence of diversity on economic development (reads in 7-9 min).
Published in Weekly selection 24 November 2017
Project Syndicate - 25 Oct 2017
The Dean of the IE School of International Relations states that wages are no longer playing their central redistributive role because of the massive structural change caused by new technologies. He argues that, unless the decoupling of productivity and wages is addressed, the political convulsions many countries are currently experiencing will only intensify. He also presents a few possible solutions (reads in 5-7 min).
Published in Weekly selection 27 October 2017