Though inequality has been rising for decades, the Great Recession catapulted the issue to the top of the policy agenda, costing millions of Americans their jobs and widening the gap between rich and poor. As the United States looks to reverse this trend, it faces a historic opportunity to lead a global transition to an inclusive model of economic growth.
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.
The circular economy strikes me as worthy of support at the highest levels. Whether as a means of combating the proliferation of plastic debris in the world's oceans, capturing nutrients or preventing the waste of scarce minerals in defunct consumer goods, the benefits would be wide-ranging and have local, national and international benefits.
Investment in innovation is urgently needed. With aging populations, a rise in productivity is required to maintain growth and guarantee the sustainability of pensions, health care and other public services. Furthermore, innovation requires investment in human capital -- also crucial yet hard to measure.
Billions of dollars' worth of government support continues to flow towards fossil fuels and, incredibly, towards overseas coal projects. If governments are serious about addressing climate change, they must stop publicly financing the expansion of overseas coal projects. Some countries have joined the effort of late, but a few are still dragging their feet.
The global growth of handheld digital devices among younger people is transforming the way consumers are getting their information in general, and financial information in particular. On April 15, the 2015 Financial Literacy Summit brought together international financial literacy experts to discuss how mobile technology can improve financial literacy for today's young adults.
It's often said that you can't get economists to agree on anything. Well, oil economists certainly can't agree on future prices, with commentators suggesting anything from $20 to $200. Seldom has there been such a discrepancy in forecasting, though the median forecasts seem to be somewhere between $60 and $70.
PISA's just-published report, The ABC of Gender Equality in Education: Aptitude, Behaviour, Confidence, gives a much-needed update on the status of gender in education today. Francesca Borgonovi (PISA Analyst) and Marilyn Achiron (Education Editor) compiled and wrote the PISA findings. To discuss the report further, I invited them to share perspectives.