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Kenneth Rogoff
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  • GEOPOLITICS, Conflicts, ECONOMICS

    Barry Eichengreen, "Can a Trade War be Averted?"

    Project Syndicate - 10 Apr 2018

    This is one of today’s most pressing questions. The economist thinks the answer is yes: a trade war can be averted. Because China has a higher export-to-GDP ratio than the US, its leaders are more concerned with defending the global trading system than with preserving any particular bilateral balance. By eschewing escalation in response to the Trump administration's widening tariffs on its exports, China avoids jeopardizing the system (reads in 5-6 min).

    Published in Weekly selection 13 April 2018

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  • PSYCHOLOGY, Decision-making, SOCIETY, Democracies/autocracies, Human condition

    Simina Mistreanu, "Life Inside China’s Social Credit Laboratory"

    Foreign Policy - metered paywall - 3 Apr 2018

    The party’s massive experiment in ranking and monitoring Chinese citizens through a social credit system designed to promote “trustworthiness” has already started. This article describes how it works. So far, the scheme has been embraced by the communities in which it’s been tested because it only deducts points for breaking the law: it is precise in its punishment and generous in its rewards. Moving forward, it’s hard not to think of an Orwellian world in which high tech monitors everybody’s behaviour (reads in about 10 min).

    Published in Weekly selection 13 April 2018

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  • ECONOMICS, Employment/unemployment, Inequalities

    Amy Merrick, "Walmart's Future Workforce: Robots and Freelancers"

    The Atlantic - 4 Apr 2018

    Signs abound that most economies, but the US one in particular, are tilting further towards jobs that give workers less market power. Walmart epitomizes this trend: it is raising wages, but its plans to use more gig labor and automation put workers at a disadvantage. In a nutshell, the labour markers are being ‘gig-ified’, with the ensuing concern: not about the number of jobs, but whether those jobs can support a reasonable standard of living (reads in 6-8 min).

    Published in Weekly selection 13 April 2018

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