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Kenneth Rogoff
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  • ECONOMICS, China, Technology, Innovation

    Phillip Ball, "China’s great leap forward in science"

    The Guardian - 18 Feb 2018

    For quite a while, the Chinese authorities have been pursuing scientific dominance with systematic resolve. Their massive investment is now paying off with serious advances in biotech, computing and space, so much so that it may be edging ahead of the west. This article makes clear that "The patronizing old idea that China, like the rest of East Asia, can imitate but not innovate is certainly false now”. In an increasing number of scientific fields, China is starting to set the pace for others to follow (reads in 9-12 min.).

    Published in Weekly selection 23 February 2018

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  • ECONOMICS

    Various authors, "Solving the productivity puzzle"

    McKinsey Global Institute - 28 Feb 2018

    This is not our standard article but we included this report because it sheds some interesting light on one of today’s greatest economic puzzles: stagnant productivity despite all the hype about tech. McKinsey offers three reasons that explain why the recovery has been productivity-weak but job-rich: (1) the waning of a productivity boom that began in the 1990s, (2) financial crisis aftereffects including persistent weak demand and uncertainty, and (3) digitization. As more companies adopt digital strategies, it posits that productivity growth will recover to 2% over the next decade.

    Published in Weekly selection 23 February 2018

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  • ECONOMICS, Financial Markets

    Jeffrey Frankel, "The Economic Message from Equity Markets"

    Project Syndicate - 22 Feb 2018

    The Harvard economist’s take on the recent stock market correction: it is now clear that last year's unusually low financial and economic volatility is over. He also argues that stocks are too high from a longer-term perspective, implying that that their rate of return is likely to be substantially lower over the next 15 years than it was over the last 15 years (reads in 4-5 min).

    Published in Weekly selection 23 February 2018

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