With the return of Donald Trump and his MAGA movement, perhaps we should call the current era “end of progress.”
“History teaches us that the next pandemic is a matter of when, not if,” warned WHO DG Tedros Adhanom Ghebreyesus earlier this year.
We should direct our energies towards negotiating agreements that can achieve progress in narrow, but crucial, economic sectors.
Rarely have the shortcomings of world leaders and existing institutional arrangements been so glaringly obvious.
Should we be surprised that so many people view the growing concentration of wealth with suspicion, or that they believe the system is rigged?
US President Joe Biden’s administration should be commended for its open rejection of two core neoliberal assumptions.
The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world.
We desperately need free markets, but that means, above all, markets that are free from the stranglehold of monopoly and monopsony.
It's been a quarter-century since Japan's asset bubble burst – and a quarter-century of malaise as one “lost decade” has followed another.
In response to asymmetric shocks and divergences in productivity, there would have to be adjustments in the real (inflation-adjusted) exchange rate, meaning that prices in the eurozone periphery would have to fall relative to Germany and northern Europe.
The failure of globalisation to deliver on the promises of mainstream politicians has surely undermined trust and confidence in the “establishment.” And governments' offers of generous bailouts for the banks that had brought on the 2008 financial crisis, while leaving ordinary citizens largely to fend for themselves, reinforced the view that this failure was not merely a matter of economic misjudgments.
For 200 years, there have been two schools of thought about what determines the distribution of income – and how the economy functions.
I wrote at the beginning of January that economic conditions this year were set to be as weak as in 2015, which was the worst year
SOMETHING interesting has emerged in voting patterns on both sides of the Atlantic: Young people are voting in ways that are
Sri Lanka is fortunate to have a low level of urbanisation today; but this is likely to change in the next two decades. This gives the country the opportunity to create model cities, based on the adequate provision of public services and sound public transport and attuned to the cost of carbon and climate change.
Last year was a memorable one for the global economy. Not only was overall performance disappointing, but profound changes – both for better and for worse – occurred in the global economic system.
Former US Federal Reserve Board Chairman Ben Bernanke once said that the world is suffering from a “savings glut.”
It is perhaps true that unhealthy habits are more concentrated among poor Americans, a disproportionate number of whom are black. But these habits themselves are a consequence of economic conditions, not to mention the stresses of racism.
