In The News

Wang Tao October 21, 2017
China will soon be the world's largest economy, and the world’s eyes are on China’s 19th National Congress of the Communist Party, which lays out an agenda and priorities for the next five years. President Xi Jinping admits that “uneven and inadequate development” is at odds with “people’s ever-growing demand for a better life.” China will not embark in any major policy shifts and aims for...
August 25, 2017
Technology, culture and globalization are influencing the global labor market, and Economics Wire identifies three trends. First, the internet is connecting more work equipment. More people work from home and other remote locations. Researchers are quickly developing robots and artificial intelligence, putting any task performed by humans under threat. Second, the workday is shrinking – which...
Jonathan Spicer and Howard Schneider August 24, 2017
Central bankers insist that open borders and free trade contribute to national and individual prosperity. Yet at the US Federal Reserve research conference in Jackson Hole, Wyoming, bankers and economists acknowledge a challenge for the elderly, the poor, the uneducated, and the workers who lose their jobs due to technological advances and competition within their own country or beyond – anyone...
Kwame Anthony Appiah August 22, 2017
At the first Pan-African Congress in London in 1900, black American intellectual and activist W.E.B. Du Bois affirmed that the “problem of the twentieth century” was “the color-line, the question as to how far differences of race … will hereafter be made the basis of denying to over half the world the right of sharing to their utmost ability the opportunities and privileges of modern civilization...
Michael Spence August 4, 2017
A disconnect between political dysfunction and strong economies is disconcerting. Michael Spence, Nobel laureate in economics, suggests the global economy may not be reaching its full potential. “Leaders in Europe, as well as in a number of emerging economies, have now concluded that both the UK and the US are unpredictable and unreliable allies and trading partners,” explains Spence. “Asia, with...
Chris Mooney July 26, 2017
Despite warnings from numerous scientists over the course of several decades, many people remain uncertain about climate change and the human role. A team of scientists has revised the estimate of carbon dioxide emissions that can enter the atmosphere before the planet exceeds a 2-degree Celsius rise in temperatures. “Many analyses have taken the late 19th century as the starting point, but the...
Robert J. Shiller July 18, 2017
Cities, as vibrant economic hub, can become unaffordable. Inequality rises, eventually driving some residents away. “If too many lifelong inhabitants are driven out by rising housing prices, the city itself suffers from a loss of identity and even culture,” explains Robert Shiller, professor of economics at Yale University. “As such people depart, an expensive city gradually becomes an enclave of...