In The News

Bloomberg: Global Economy Feels Lehman Fallout 10 Years Later

Simon Kennedy and Sam Dodge September 17, 2018
Investments in subprime mortgages and the collapse of Lehman Brothers contributed to the 2008 financial crisis with global economic and political fallout due to stalled growth and increased government intervention. The consequences linger today worldwide with increased debt, wage stagnation, widening inequality and lingering unemployment in some nations. “The deepest international recession since...

Financial Times: Business Leaders Warn of Lack of Progress on Emissions

Ed Crooks September 5, 2018
The world population has grown by about 80 million people annually since the year 2000, but countries make little progress in reducing greenhouse gas emissions to limit global warming. The Global Commission on the Economy and Climate, a group of corporate executives and political leaders, warns the world is missing an opportunity. The commission describes the next decade as a “‘use it or lose it...

Harvard Political Review: Globalization as Growth Opportunity

Victor Agbafe July 25, 2018
Large numbers of voters in developed economies blame globalization for the loss of jobs and reduced wages. Yet automation is increasingly more responsible for job losses while globalization still provides benefits and many companies rely on global markets for growth. “In many cases, globalization has increased the choices of goods and services available to consumers while also lowering their...

Wall Street Journal: Global Economic Growth Fades

Michael Wursthorn, Daniel Kruger and Ben Eisen June 4, 2018
Economic growth is slowing around the globe, not meeting analysts’ expectations, as indicated by declines in business activity, manufacturing, shipping costs, commodity prices. Protectionist trade policies, transitions associated with Brexit and climate challenges add to challenges. A strengthening dollar and increased trade deficits hamper growth for emerging economies. Still, few analysts...

Foreign Affairs: How Xi Jinping Views the World

Kevin Rudd May 31, 2018
Chinese President Xi Jinping is prominent among world leaders because of the size and continued growth of the Chinese economy as well as the nation’s military presence, role in development, and regional interests. Writing for Foreign Affairs, Kevin Rudd describes Xi’s interests as seven concentric circles: His primary goal is keeping the Chinese Communist Party in power for the long term, making...

New York Times: The Villain Behind a New Gilded Age

Eric Posner and Glen Weyl May 2, 2018
Consolidated power among corporations, more so than the forces of globalization or technology, has reinforced inequality, fueled populism and reduced support for democracy. “In the past two decades, growth rates in the United States have fallen to half of what they were in the middle of the 20th century,” note authors Eric Posner and Glen Weyl for the New York Times. “The share of income accruing...

Inside Story: Domestic Disharmony for China and India

Kerry Brown and Marya Shakil April 27, 2018
Before aspiring to global leadership roles, China’s Xi Jinping and India’s Narendra Modi must demonstrate capability for handling domestic challenges. “Xi and Modi may operate in very different contexts, one in charge of the world’s largest Communist Party–controlled state, the other running the world’s largest democracy,” explain Kerry Brown and Marya Shakil for Inside Story. “But both can be...