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Global Economy

Tackle These Three Issues and Extreme Poverty Will Be History

John W. McArthur | Posted 09.01.2015 | Impact
John W. McArthur

One beauty of the new global goals is that they set a common reference for debate. In the coming years, we will likely discover new roadblocks alongside opportunities to jump forward. These should prompt ongoing course corrections as the world veers toward success.

Dow Plunges Amidst Fears Of Global Slow Down

AP | Kelly Chen | Posted 08.20.2015 | Business

NEW YORK (AP) — The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares a...

Small Is Beautiful... But Vulnerable!

Otaviano Canuto | Posted 08.20.2015 | World
Otaviano Canuto

Small states are usually defined as countries with populations of 1.5 million or fewer and are spread across the Caribbean, African, Asia Pacific and European regions.

The United Countries of America: What it's Really Like to Start a Business in the U.S.

Fred Schebesta | Posted 07.29.2015 | Business
Fred Schebesta

As an Australian entrepreneur who is hitting the ground, learning the ins and outs of doing business in America, I've learned that the U.S. is a much more fragmented country than it appears.

The China Syndrome

Peter D. Kiernan | Posted 07.14.2015 | Business
Peter D. Kiernan

Never airbrush the Communist Party out of the Chinese markets -- for all of the freeing up of individual access there remains an abiding faith in Beijing's ability to provide a soft landing. And state-owned media's urging of its citizens to invest took hold.

How China's 100 Million 'Stir Fry' Investors Helped Cause the Market Crash

Fred Hu | Posted 07.13.2015 | World
Fred Hu

BEIJING -- China's 100 million retail investors, while a relatively small percentage of the country's total population, make up the largest investing masses by head count the world has ever seen. China's investing public, connected via social media such as WeChat, is highly susceptible to crowd thinking and herd mentality.

Who Sets the Rules of the Game in Asia?

Sri Mulyani Indrawati | Posted 07.20.2015 | World
Sri Mulyani Indrawati

It is now a commonplace to refer to the 21st century as the Asian Century. With the world economy struggling to recover from the global financial crisis, the Asia Pacific region, and especially its developing countries, has provided much of the impetus for global growth.

When it Comes to Fiscal Policy, It's Better to Save for a Rainy Day Than to Let it Pour

Otaviano Canuto | Posted 06.23.2015 | World
Otaviano Canuto

While pro-cyclical fiscal policies -- ie. expansionary fiscal policies in booms and contractionary fiscal stances in downturns -- remain a common feature among developing countries, some countries have recently moved toward a less pro-cyclical fiscal stance, as a result of stronger institutions.

Laudato Si: What's Missing, What's Not

Pierre Whalon | Posted 06.22.2015 | Religion
Pierre Whalon

Throughout the long document, allusion is made to economics, but without a call for a real science of economics. There must be a great deal more effort poured into the search for that science. This is what I missed in Laudato si.

Greece Has Made Tough Choices. Now It's the IMF's Turn.

James K. Galbraith | Posted 06.17.2015 | World
James K. Galbraith

ATHENS -- The IMF and Greece's other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment and taxes, and that slashing wages, pensions and public jobs has a magical effect on growth. This has proved false. Indeed, Greece's post-2010 adjustment led to economic disaster -- and the IMF's worst predictive failure ever.

Here's How a New Social Contract Can Empower the Individual Under Globalization

Kemal Dervis | Posted 06.15.2015 | World
Kemal Dervis

ISTANBUL -- A new social contract is needed to account for the increasingly important role that individual preferences, and individual responsibility, play in today's world. Each citizen should feel empowered, not isolated and abandoned, in the face of globalization and technological transformation.

Solar Jobs: Growing at the Grassroots

Bill Ritter, Jr. | Posted 06.11.2015 | Impact
Bill Ritter, Jr.

From time to time, however, I am reminded that much of the best work on America's necessary transition to a sustainable energy economy is being done at the grassroots level. The solar energy revolution is progressing community by community.

Italy Proposes Sharing Unemployment Insurance Across Europe

Marco Valerio Lo Prete | Posted 06.12.2015 | World
Marco Valerio Lo Prete

ROME -- The Italian government is proposing a new form of "risk sharing" in the eurozone. A European Unemployment Insurance scheme is an innovative form of "risk sharing" that can be supported by both progressive liberals and pro-market conservatives throughout Europe.

Why China Has to Go Beyond the Existing Global System to Grow

Zhang Jun | Posted 06.09.2015 | World
Zhang Jun

SHANGHAI -- From China's perspective, sustained domestic economic growth seems unlikely within the existing global system -- a challenge that Japan and the other East Asian economies did not encounter during their economic rise. Indeed, the only country that has encountered it is the U.S., when it replaced the U.K. as the world's dominant economic and financial power before World War II; fortunately, that precedent is one of accommodation and a peaceful transition.

New York Real Estate Overpoweringly Attracts Local and Global Investment

Toni Haber | Posted 06.05.2015 | New York
Toni Haber

While real estate is often thought of being a transaction between buyer and seller in a resale or developer in a new development, there are other key players that ensure the success of a deal.

Today's Global Economy? We Are All in it Together!

Dominik Knoll | Posted 06.04.2015 | Business
Dominik Knoll

Today I would like to write about the World Economy, highlighting some of the current strengths and developments on the examples of the US, Europe, China and India.

The Vast Implications of the Networked Economy

Techonomy | Posted 06.04.2015 | Technology

Connections are changing the world. The connectivity enabled by the Internet has huge implications for the very structure of the global economy. While estimates of the Net's contribution to economic output vary, it's generally thought that it exceeds individual industry sectors like education, agriculture, and energy.

The Trans-Pacific Partnership: Slow Pace of the Fast Track

Bhaskar Chakravorti | Posted 06.04.2015 | Business
Bhaskar Chakravorti

For anybody interested in rising above the banality of the politics, the minutiae of policy and the ineptness of public relations campaigns and wishes to consider the bigger picture, there are six essential truths about this deal worth keeping in mind.

Whatever Happened to the BRICs?

Jonathan Adelman | Posted 05.19.2015 | World
Jonathan Adelman

Most of the BRICS are far from becoming major powers. While the United States has $57,000 GDP/capita, the BRICs' GDP/capita ranges from a tiny $1,500 (India) and low level of $6,800 (China) to modest levels of $11,200 (Brazil) and Russia ($14,600).

How Many People in the World Are Poorer Than You?

Tomas Hellebrandt | Posted 05.13.2015 | Business
Tomas Hellebrandt

The graph below allows you to compare your income with that of all human beings in the world, using data for 2013.

The 5 Traits Midlifers Will Need To Survive The Next 20 Years

John Tarnoff | Posted 05.12.2015 | Fifty
John Tarnoff

In 2035, the youngest boomers will be 71. The oldest will be 89. What is it going to be like to look back from that vantage point? Hopefully, most of us will have figured out how to keep working as long as possible -- certainly to 70, when the maximum Social Security benefits kick in, but probably longer.

Is China Finally Discovering the Limits to Growth?

Chandran Nair | Posted 05.11.2015 | World
Chandran Nair

HONG KONG -- Xi might be the first major world leader to admit that on a finite planet, infinite and unrestrained growth, especially in the world's most populous country, will prove not just unsustainable but downright catastrophic. Could Xi be tapping into a global awakening to the fact that we have been in denial for too long about the unintended consequences of unfettered growth?

BIG: Buy Local, Invest and Hire Local, Give Local

Henry A. J. Ramos | Posted 05.08.2015 | Politics
Henry A. J. Ramos

Late last year, working with an impressive array of more than twenty institutional partners, the Insight Center for Community Economic Development launched an important new initiative.

6 Tips From a Global Entrepreneur on Building a Multinational Startup

Ryan McMunn | Posted 05.05.2015 | Business
Ryan McMunn

All startups are hard. At the Ivy Oasis How to Build a Strong Start-Up event at Columbia University several speakers made this clear. Despite the sex appeal many attach to being the founder of a tech startup, the reality is that it's stressful and exhausting.

Naomi Klein's Own Form of Climate Change Denial: Blame Capitalism

Till Bruckner | Posted 06.28.2015 | Politics
Till Bruckner

Having thus alienated mainstream readers -- exactly the people the climate change movement most urgently needs to reach out to and bring on board -- Naomi Klein's book then goes on to block meaningful debate among the already converted.