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Economic Growth

Slowdown in Growth of BRIICS Brings New Challenges to Growth of Non-OECD Economies

OECD | Posted 07.23.2014 | World
OECD

Will living standards in emerging-market economies and developing countries continue to catch up with advanced economies in the years to come?

A New Wave of Development, Banks and Cooperation: Practical Solutions

Gaia Paradiso | Posted 07.16.2014 | Impact
Gaia Paradiso

These days are fully equipped with high level meetings on the two sides of the world.

Raising the Floor for Home Care Workers Is Critical to the Nation's Economic Future

Angela Glover Blackwell | Posted 07.15.2014 | Politics
Angela Glover Blackwell

In the decades to come, raising the floor for home care workers will become increasingly important. Unfortunately, many of those who take care of our most vulnerable - even full-time workers - are still in poverty.

The African Growth and Opportunity Act: Growth Without Opportunity?

Sabina Dewan | Posted 07.10.2014 | Politics
Sabina Dewan

The first step to ensuring that the benefits of AGOA reach more African people is greater transparency and honesty about what AGOA has achieved and what it hasn't. Given the evidence to the contrary, it is deceitful to use GDP as a proxy for broad-based economic opportunity in sub-Saharan Africa.

Immigration and American Aging

Michael Hodin | Posted 06.25.2014 | Fifty
Michael Hodin

If David Brat's huge upset of Eric Cantor has legs across America, it may well mean the end of the great political goal of immigration reform.

Why We Should Abolish The GDP

Sean McElwee | Posted 06.11.2014 | Politics
Sean McElwee

Gross domestic product measures how much money that project would produce. But it can't account for the children who get asthma or the people who die from that air pollution. And that's a problem.

The Costs of Inequality to the Growth of Most Households' Incomes

Jared Bernstein | Posted 06.03.2014 | Business
Jared Bernstein

Occasionally I run into people who want to argue that the increase in inequality is just the benign outcome of "just desserts" as economist Greg Mankiw frames it. It may boost those at the top, but not at the expense of others. By this metric, not so.

The Lousy Economy: Washington's Failure

Robert L. Borosage | Posted 06.01.2014 | Politics
Robert L. Borosage

At Republican campaign committee headquarters, Champagne bottles surely were popped in celebration. The Republican strategy of obstructing any measure that would put people back to work is succeeding.

The Current Economy: Green Shoots or Brown Ones?

Jared Bernstein | Posted 07.29.2014 | Politics
Jared Bernstein

I was listening to an interview with Tim Geithner this weekend, and after going through his new book, they asked him where he thought the economy was headed. "I don't believe forecasts," he said, which sounded smart to me.

Arguing Taxes, Transfers, and Market Outcomes

Jared Bernstein | Posted 07.22.2014 | Business
Jared Bernstein

Scott Winship is one of a number of analysts who criticize Thomas Piketty's work for focusing largely on market incomes, thus leaving out the impact of taxes and transfer payments. Include those sources, these critics assert, and trends appear considerably more favorable than Piketty's data show.

19th-Century General Teaches 21st-Century Economists and Politicians: Arthur Wellesley and the IMF Programs in Portugal

André Corrêa d'Almeida | Posted 07.15.2014 | World
André Corrêa d'Almeida

Last week, the Prime Minister of Portugal announced the end of the third intervention of the International Monetary Fund in the country since 1978. But the challenges Portugal faces in building a flexible economy will continue.

Building up Trust

OECD | Posted 07.04.2014 | Politics
OECD

By Rolf Alter In 2008, a Gallup poll reported that, on average, less than half of the OECD population trusted their government. The crisis worsened...

Ha-Joon Chang: How To Think About Economics

The WorldPost | Nathan Gardels | Posted 05.02.2014 | World

On May 1, Cambridge economist Ha-Joon Chang published his newest book, “Economics: The User’s Guide.” His earlier books included “Bad Samarita...

Job Report, First Impressions: A Tale of Two Surveys

Jared Bernstein | Posted 07.02.2014 | Business
Jared Bernstein

Payroll growth was strong and broad based last month and the jobless rate fell sharply, but that seemingly impressive decline in unemployment was wholly due to the shrinking labor force.

A More Nuanced Measure of Growth

Jerry Jasinowski | Posted 06.30.2014 | Business
Jerry Jasinowski

With its focus on production rather than consumption it will convey the vital message that it is the production of goods and services that best determines our economic vitality, not their consumption.

America 2025: How to Start Securing Enough Water

The George W. Bush Institute | Posted 06.29.2014 | Impact
The George W. Bush Institute

The drought has taken its toll on the three lakes that supply Wichita Falls with water. They are down by about 75 percent. The city has been aggressively conserving water, but now is working on a plan to turn sewer water into potable water. Yep, from the toilets to the tap.

Jobs Are Key For Inclusive Growth

OECD | Posted 06.28.2014 | Business
OECD

By Stefano Scarpetta Despite repeated signals that growth is resuming, unemployment or under-employment in low-paid jobs remain stubbornly high in ...

Sustainable Consumption and the Global Environmental Crisis

Steven Cohen | Posted 06.28.2014 | Green
Steven Cohen

The idea of reducing consumption is a popular idea with some in the environmental community, but on a world-wide basis has no real relevance.

Four Decades after the 'Third Wave of Democratization' and the Irrelevance of Political Parties' Differences in Portugal: 1974-2014

André Corrêa d'Almeida | Posted 06.24.2014 | World
André Corrêa d'Almeida

In the last forty years, periods of economic growth, stagnation, and recession have occurred in equal measure irrespective of which party held the power.

This Is The Next Generation Of Global Cities

The Huffington Post | Charlotte Alfred | Posted 04.15.2014 | World

Cities in lower-income countries are rapidly catching up with the world's top business capitals, according to a new report. Chicago-based consulti...

Indian Democracy: Maturing But Flawed

Parvez Ahmed | Posted 06.11.2014 | World
Parvez Ahmed

Indians are caught between a rock and hard place. On one hand they want the government to reignite India's economic growth. And yet the party with the most pro-business credential is also cloaked in anti-modern social views that will further disadvantage India's struggling minorities and women.

Congressman Bill Foster Explains Why Middle Class Tax Cuts Lead to Economic Growth

Mary Manning Cleveland | Posted 06.08.2014 | Business
Mary Manning Cleveland

If you give a dollar to a middle class family, they will spend it in the local economy and spur growth, or they will use it to make a high return investment, such as paying for their children's college.

As Demand Improves, Time to Focus More on Supply

Olivier Blanchard | Posted 06.08.2014 | Business
Olivier Blanchard

The dynamics that were emerging at the time of the October 2013 World Economic Outlook are becoming more visible. Put simply, the recovery is strengthening.

The Ryan Budget Is an Affront to Economics and American History

Anthony W. Orlando | Posted 06.04.2014 | Politics
Anthony W. Orlando

Paul Ryan has issued a new proposal to cut the budget even further, to the point where most unemployment programs will be half the size that they were during the Reagan administration. This is a cruel, counterproductive path we are on, and that is not a statement of mere opinion.

A Tough Job: Tackling Poverty and Fragility in Afghanistan

Borany Penh | Posted 06.03.2014 | Impact
Borany Penh

While the country's uncertain landscape presents new and evolving challenges, even a child (of war) can see the importance of our continued work to address poverty and fragility in Afghanistan. None of this will be easy to undertake but it is a job well worth finishing.