In The News

Japan’s Population Outlook and Immigration Talk

April 14, 2017
An April report from Japan’s National Institute of Population and Security Research predicts that the nation’s population will shrink by 30 percent within the next half century unless current government policy aimed at increasing the fertility rate is a rapid success. With a decline of 40 percent, the size of the working population, ages 15 to 64, is forecasted to plunge even further, reports the...

The Diplomat: After Impeachment Verdict, Korea’s "Fresh Start" On Reform Begins Again

Anthony Fensom March 14, 2017
South Korea’s president was removed from office, and so far the country’s economy and markets are left unfazed. South Korea’s first female president had promised strong economic growth, with a rise in per-capita income, as well as increased tax breaks to encourage investment. Instead, “Exports shrank for two straight years through 2016 and may be further damaged by deteriorating relations with...

Wired: The AI Threat – End of the Middle Class

Cade Metz February 12, 2017
Researchers of artificial intelligence recognize their work is capable of disrupting the global economy. Automation and computers have already supplanted many jobs that will never return. “In the US, the number of manufacturing jobs peaked in 1979 and has steadily decreased ever since,” explains Cade Metz for Wired. “At the same time, manufacturing has steadily increased, with the US now...

PBS Newshour: Backlash to Globalization Could Hurt the Middle Class

Vikram Mansharamani February 9, 2017
The demand for electric power and electric appliances continues to rise as global poverty declines. “To make alternative energies a truly viable source of power production, the world needs a robust, cost-effective means of storing energy…. and battery technology is among the more promising of the options,” explains Vikram Mansharamani for the PBS Newshour. He anticipates lithium to be in demand...

We Can’t Undo Globalization, But Can Improve It

Gary Pinkus, James Manyika and Sree Ramaswamy January 10, 2017
Global flows of trade and investment add economic value, and dismantling systems that rely on globalization would reduce prosperity. “While the impulse to erect trade barriers is understandable given the pain experienced by workers in a range of industries and communities in recent years, it is not the way to create lasting growth and shared prosperity,” notes a Harvard Business Review article. “...

Rethinking Labor Mobility

Harold James January 4, 2017
Trade, automation and other facets of globalization have eliminated some careers. One solution is for government to provide an unconditional basic income, but that may not eliminate resentment. Historian Harold James examines how artisans recovered after losing work during the Industrial Revolution of the 18th and 19th centuries: “many displaced workers emigrated – often long distances across...

A Tale of Two Middle Classes

Nayan Chanda December 20, 2016
Worry and anger permeate the middle classes of Asia and the Americas, and in a world that is tightly interconnected, individuals perceive cross-border competition. During the US presidential campaign, President-elect Trump suggested that “unfair trade deals” had hurt US workers and communities, and he promised to tighten immigration rules and curb abuses associated with the H1-B and other visas....