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Global Economy

Why Stupid Politics Is the Cause of Our Economic Problems

Joseph E. Stiglitz | Posted 01.26.2015 | World
Joseph E. Stiglitz

In 1992, Bill Clinton based his successful campaign for the U.S. presidency on a simple slogan: "It's the economy, stupid." From today's perspective, things then do not seem so bad; the typical American household's income is now lower. But we can take inspiration from Clinton's effort. The malaise afflicting today's global economy might be best reflected in two simple slogans: "It's the politics, stupid" and "Demand, demand, demand."

The Global Economy and the U.S. Real Estate Market

Daniel Wagner | Posted 01.23.2015 | Business
Daniel Wagner

Since America is not immune to the impact of global economic and political trends, it may not be the case that the current rosy growth projections will ultimately be realized.

A World of Economic Trouble

Richard Barrington | Posted 01.22.2015 | Money
Richard Barrington

These should be happy times for the U.S. stock market. GDP is booming, employment is up and interest rates are low. And yet, throughout the first month of 2015, the stock market has at times behaved as though it were 2008. What happened?

The Change-Maker of Tomorrow: A Young Chinese Woman

Erik Rasmussen | Posted 01.22.2015 | Green
Erik Rasmussen

This week, the Global Opportunity Report proves that we have readily available solutions to some of the biggest risks, and that a new breed of change-makers might take the lead. Risk managers are old school.

Davos 2015: A New Global Context

Richard Attias | Posted 01.22.2015 | Business
Richard Attias

What we expect and what we need from Davos and from a gathering of such pre-eminent leaders is visible proof of their collective intelligence, of their capacity to innovative and proactive cooperation.

7 Themes That Will Dominate Davos 2015

The Guardian | Graeme Wearden and Jill Treanor | Posted 01.21.2015 | World

Last year was the warmest on record, and climate change will be high on the agenda during the first full day of events in Davos. Al Gore, the forme...

Why I Davos

Peter Holmes a Court | Posted 01.20.2015 | World
Peter Holmes a Court

FOR the past couple of years, I have driven across Europe in January to a small and largely ­unheralded ski resort; six-lane ­autostrasses and autoroutes give way to smaller equally clean highways, all lit by the low-rise sun of a European winter.

How Trade and Training Can Boost Global Recovery

Rain Newton-Smith | Posted 01.20.2015 | World
Rain Newton-Smith

With several large trade deals on the global agenda, there is a real opportunity to boost growth for everyone.

Why 2015 Is a Make-or-Break Year for the Global Economy

Christine Lagarde | Posted 01.20.2015 | World
Christine Lagarde

The adoption of the IMF reforms by the United States Congress would send a long overdue signal to rapidly growing emerging economies that the world counts on their voices, and their resources, to find global solutions to global problems.

As Davos Convenes, World Economy Is Poised to Stagnate

Raghuram Rajan | Posted 01.20.2015 | World
Raghuram Rajan

In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.

China's Economic Growth Slows to Lowest Level Since 1990

Sheldon Filger | Posted 01.20.2015 | Business
Sheldon Filger

As with the United States, the massive size of the Chinese economy means that lower GDP growth rates create a headwind for the global economy as a whole. It is therefore no surprise that the International Monetary Fund has just revised its forecast of global economic growth downward by the most substantial margin in three years.

This Challenge Will Determine the Fate of the World's Market Economies

Dani Rodrik | Posted 01.16.2015 | World
Dani Rodrik

Today's technological revolutions calls for a comprehensive reinvention. The potential benefits of discoveries and new applications in robotics, biotechnology, digital technologies and other areas are all around us and easy to see. Indeed, many believe that the world economy may be on the cusp of another explosion in new technologies.

How to Create Inclusive Prosperity -- And Save Democracy

Larry Summers | Posted 01.16.2015 | World
Larry Summers

The primary challenge democracies face is neither military nor philosophical. Rather, for the first time since the Great Depression, many industrial democracies are failing to raise living standards and provide opportunities for social mobility to a large share of their people.

U.S. Should Agree to Democratize the IMF -- Or Get Out of the Way

Wu Zhenglong | Posted 01.12.2015 | World
Wu Zhenglong

In essence, the reforms have been crafted to democratize the IMF governance. Now, those sitting at the head of the IMF's table are either American allies, or its Western partners, whereas the developing countries are underrepresented as a whole. They do not have a say in the IMF decision-making process, or in protection of their fundamental interests.

Attali: Why A ‘Positive Economy' Is Our Only Hope

The European | Max Toll | Posted 01.12.2015 | World

Jacques Attali is one of France’s leading intellectuals and an expert on issues ranging from classical economics to classical music. He told Max...

Five Reasons for the Slow Growth of the Global Economy

Michael Spence | Posted 01.05.2015 | World
Michael Spence

The same forces that are dramatically increasing the world economy's productive potential are largely responsible for the adverse trends in income distribution. Digital technology and capital have eliminated middle-income jobs or moved them offshore, generating an excess supply of labor that has contributed to income stagnation precisely in that range. A more muscular response will require an awareness of the nature of the challenge and a willingness to meet it by investing heavily in key areas -- particularly education, health care and infrastructure.

What's More Important -- Buying Local or Knowing Where Something Comes From?

Hari Pulapaka, Ph.D., C.E.C. | Posted 01.05.2015 | Taste
Hari Pulapaka, Ph.D., C.E.C.

It would be difficult to visit an ethnic market in the United States and find ingredients which are sourced nationally, let alone locally.

The Year Ahead

Omar K. Alghanim | Posted 01.05.2015 | Business
Omar K. Alghanim

As we head into a brand new year, the headlines are awash in news about our twin heartbreaks here in the Middle East. Oil is one part of the equation. The other is also commanding daily attention: I'm referring, of course, to the geopolitical drama involving Iraq and Syria.

Innovators Travel Light

Jayson Boyers | Posted 12.24.2014 | Business
Jayson Boyers

The question for higher education isn't how to create better employees, but how to open and transform people to more clearly see the possibilities they can create. From a global perspective, we must be prepared to look at the world with fresh eyes, to start seeing challenges as opportunities and be prepared to abandon solutions that no longer offer value in this new landscape.

US Era of Dominance Is Dwindling as China Takes Over the World Economy

David Oualaalou | Posted 12.15.2014 | Politics
David Oualaalou

While the U.S. is enmeshed in its political squabbling as a result of the paralysis of Congress, China and Russia are strengthening their economic ties with military cooperation on the horizon.

Oil Prices Continue to Contract as OPEC Maintains Production Levels

Sheldon Filger | Posted 12.10.2014 | Business
Sheldon Filger

Since mid-June the price per barrel of petroleum has collapsed by a staggering 37 percent. This almost perfectly mirrors -- in reverse -- the steep rise in oil prices in mid-2008, which was followed by an equally sharp contraction when the Great Recession -- the onset of the global economic and financial crisis -- struck with full fury.

Asia Is on the Brink of a Golden Era. Here's Why.

Kishore Mahbubani | Posted 01.26.2015 | World
Kishore Mahbubani

Asia has been infected by a silent, healthy virus of modernization. There is a remarkably wide and deep consensus among regional leaders that they should focus on modernization and pragmatic development. Because it is silent, the Western media has not noticed and continues to predict doom.

The High Density of Brazilian Production Chains

Otaviano Canuto | Posted 01.13.2015 | World
Otaviano Canuto

In an economy with labor shortages and aspirations of rising worker purchasing power, productive activities would be strengthened by the availability of cheaper local consumer goods and equipment, as wage and investment costs would be lower.

Study Abroad as Preparation for Joining the Global Workforce

Michael Elchik | Posted 01.10.2015 | College
Michael Elchik

Students have the opportunity to return home with skills that will make them more employable in today's global economy. How can we help our student abroad students build those important global skills?

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 01.03.2015 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.