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Economic Growth

Don't Forget the Millennials -- Part II

Harlan Green | Posted 08.15.2014 | Business
Harlan Green

We really need to give millennials, born during much more trying times, the chance to prove their mettle and it looks like that is already happening.

Moïse Katumbi: New African Leadership

Eva M. Clayton | Posted 08.14.2014 | World
Eva M. Clayton

Moïse Katumbi is the twice-elected governor of the province of Katanga, in the Democratic Republic of Congo. The province is the size of Spain, in a nation roughly the size of Western Europe, and it has grown tremendously under his leadership.

Why Russia Could Invade Ukraine

Sanjay Sanghoee | Posted 08.11.2014 | Politics
Sanjay Sanghoee

The crisis in Ukraine continues to get worse against a backdrop of conflicting signals. Pro-Russian separatists have called for a ceasefire but Ukrainian forces continue to pound them in Donetsk.

The African Youth Movement for Social and Economic Prosperity

Barry Segal | Posted 08.12.2014 | Impact
Barry Segal

We cannot afford to stand at the sidelines and watch people do things for us. Developing a resilient entrepreneurial base and private sector can sustain economic growth and produce real economic and social gains in Africa.

Inequality and Growth: What I Think We Know and Don't Know

Jared Bernstein | Posted 08.11.2014 | Business
Jared Bernstein

Though in an earlier study I raised some questions about the claim that high inequality dampens growth, I clearly think there's something there, especially as regards mobility barriers, over-leverage leading to inevitable busts, and the interaction of wealth concentration and money-in-politics.

The Overlooked Anniversary: 40 Years Ago Congress and the President Called for a Steady State Economy

Brian Czech | Posted 08.05.2014 | Politics
Brian Czech

Pursuant to an act of the 93rd Congress, President Richard M. Nixon signed into law the establishment of a steady state economy. That law was called the Endangered Species Act.

Jobs Grow, But Highway Bill Shows Austerity Still Hurts

Roger Hickey | Posted 08.01.2014 | Politics
Roger Hickey

While it is good that 700,000 jobs were not destroyed last night, America needs to be investing to create millions of jobs, not just to prevent the worst.

Hey Kids: Keep the Noise Down! (GDP Version)

Jared Bernstein | Posted 07.30.2014 | Politics
Jared Bernstein

What happened in this recovery is that we settled into trend growth before we bounced back and repaired the damage. That's why the job market in particular has taken so long to recover.

The U.S. Government Has Hurt The Economy In 11 Of The Past 12 Quarters

The Huffington Post | Mark Gongloff | Posted 07.30.2014 | Business

The U.S. economy has just gone through some big, big changes. Big, good changes! But one thing has not changed: federal government spending, which can...

The Economy Just Grew Much Faster Than It Was Expected To

Reuters | Lucia Mutikani | Posted 07.30.2014 | Business

WASHINGTON, July 30 (Reuters) - U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior perio...

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 08.11.2014 | 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 08.03.2014 | 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 07.30.2014 | 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.