In The News

Economic Fixes Should Not Worsen Environmental Crisis

Dodo J. Thampapillai October 19, 2011
During economic crises, political leaders often urge suspension of environmental protections to save jobs. That is a mistake, argues economist Dodo J. Thampapillai, with the Lee Kuan Yew School of Public Policy, National University of Singapore, because the economy ultimately depends on a healthy environment and sustainable use of resources. The current financial crisis presents an opportunity...

The Depression: If Only Things Were That Good

David Leonhardt October 14, 2011
In analyzing any economic period, one can focus on wages or employment levels – or delve deeper into a society’s potential, examining education and innovations. David Leonhardt takes the latter approach in comparing the current crisis with the Great Depression, when television, autos, aviation, nylon and other materials were under development. A lack of technological innovations that provide for...

Problems Will Be Global – And Solutions Will Be, Too

Anne-Marie Slaughter October 13, 2011
A politically integrated world; the United Nations Security Council hosting expanded and regional organizations, like the African Union; and new applications of economic integration – this could be the face of global diplomacy 15 years from now, predicts Anne-Marie Slaughter in an article for Foreign Policy. The strongest states in 2025 will be those that have maintained “vibrant economies...

Laos’ Spanking New Road to Nowhere

Haseenah Koyakutty October 12, 2011
To depend on others or not, that’s the dilemma of tiny Laos in connecting with neighboring nations. A highway, funded and built by Thailand, would connect the undeveloped Oudomxay region with Vietnam, Thailand and China. But a bridge crossing the Mekong River, part of the project, is left unfinished as China and Laos debate contract conditions. China’s population is 200 times larger than that of...

Why China Can't and Won't Save the World

Emily Kaiser October 11, 2011
Struggling economies often eye China and its $3.2 trillion in reserves for their rescue, and that’s unrealistic, argues Emily Kaiser, Asian economics correspondent in analysis for Reuters. China would have to triple its current rate of growth to offset a 3 percent drop in US and European growth, explains one economist. Increased stimulus spending could exacerbate inflation, inefficient spending,...

Attention Buffetts 'Round the World

Mark Bloomfield October 11, 2011
After US billionaire Warren Buffet wrote in an opinion piece that the wealthy should pay higher taxes to boost the US economy, the suggestion triggered a global domino effect, explains economic policy expert Mark Bloomfield in an essay for Politico. Wealthy counterparts in France and Germany joined the chorus, but Bloomfield cautions against generating more funds for flawed systems: “The U.S. has...

America’s Labor Pains

Nayan Chanda October 10, 2011
Americans are frustrated by their inability to find jobs and the widening inequality that brings. Proposals from government and corporations so far rely on unworkable notions that failed in the past, including protectionist measures or subsidies that reinforce aging industries that are no longer competitive. The world economy has undergone structural transformation, explains Nayan Chanda in his...