In The News

Financial Times: Why World Economy Feels Fragile

Martin Wolf January 9, 2019
The livelihoods and routines of more than 7 billion people depend on a stable global economy, and there are always reasons to worry, including long-term structural and cyclical challenges, explains Martin Wolf for the Financial Times. Global growth has slowed, led by a slowdown in the Chinese economy, but central banks and global markets can and do adjust to cyclical changes. While severe...

PIIE: What is Globalization?

Melina Kolb December 26, 2018
Perhaps it is human nature as so many people take credit for their every success but blame others – trade, migration, technological advances and other facets of globalization – for their woes. The Peterson Institute for International Economics undertakes the task of reminding about the age-old processes of globalization, urging an understanding of the relative costs and benefits to avoid the...

Guardian: Tackle Climate or Face Financial Crash

Damian Carrington December 11, 2018
Some of the world’s largest pension funds, insurers, rating agencies and asset managers are heeding warnings from climate researchers to demand phase-out on all coal burning, reduced carbon emissions and introduction of carbon taxes. As ministers arrive for a UN climate summit in Poland, more than 400 investors signed a Global Investor Statement describing refusal to acknowledge climate change as...

Visual Capitalist: 8 Forces Shaping the Global Economy

Jeff Desjardins October 23, 2018
Globalization, while less popular in some countries, still contributes to rapid change throughout the world. Global networks allow for immediate spread of new ideas, and Jeff Desjardins of Visual Capitalist identifies eight forces of global change with striking information graphics: Technology, data analysis and artificial intelligence contribute to efficiency; tech companies now represent the...

Bloomberg: Nordhaus, Romer Win Nobel Prize

Jonas O Bergman and Rich Miller October 8, 2018
The 2018 Nobel Prize in Economics has been awarded to William D. Nordhaus of Yale University and Paul M. Romer of New York University’s Stern School of Business for research “addressing some of our time’s most basic and pressing questions about how we create long-term sustained and sustainable economic growth,” announced the Royal Swedish Academy. Nordhaus created the first model that studies...

Project Syndicate: Makings of a 2020 Recession

Nouriel Roubini and Brunello Rosa October 1, 2018
A global recession is anticipated in 2020, and Nouriel Roubini and Brunello Rosa suggest it could be severe. Fiscal-stimulus policies are unsustainable and contribute to overheating and inflation, which in turn drives up interest rates. US trade disputes with China, Europe, Mexico and Canada disrupt supply chains and contributes to slowed growth. Adding complications: a US crackdown on...

Time: Financial Crisis Undermined Global Order

Ian Bremmer September 21, 2018
Crises give countries an incentive to adjust, and the 2008 financial crisis – following on the heels of the costly war in Iraq – eroded confidence in US leadership and capitalism. Likewise, Europe struggled with the euro crisis and a stream of migrants fleeing unrest and conflict in the Middle East. “Today, the global balance of power is no longer clear,” argues Ian Bremmer for Time. China...