In The News

The Age of Globalization: Dhaka Tribune

Arafat-Al-Yeasin November 13, 2019
The recent embrace of populists and protectionism reflects an overall decline in trust and worries about trade and differences in general. “Unemployment, relocation, poverty, and inequality -- for many people, these are the consequences of a process of global integration, which more and more think has gone too far,” writes Arafat-Al-Yeasin for the Dhaka Tribune. Globalization is the scapegoat,...

Global Minimum Corporate Tax Rate: Financial Times

Chris Giles November 10, 2019
Multinationals can sell products and services in more than 200 nations, and many, especially big technology firms, shift profits across borders to minimize tax bills. The Organization for Economic Co-operation and Development, which represents democracies, is reviewing global tax policies: one recommendation would allow countries to tax operations even if the companies have no physical presence,...

Four-Day Workweek Boosts Productivity: Japan Times

Kazuaki Nagata November 9, 2019
Companies could save money by trying a four-day workweek, sharpening employee focus while providing more time for home life. Microsoft tested a four-day workweek for one month in Japan and discovered that productivity increased among sales staff by 40 percent. The experiment did not reduce pay, and every Friday in August was a paid holiday. Management also asked workers to communicate more over...

End of Neoliberalism: Project Syndicate

Joseph Stiglitz November 7, 2019
Neoliberal policies and unfettered markets undermined democracy for 40 years, destroying hopes of economic growth and the spread of democracy. “The effects of capital-market liberalization were particularly odious: If a leading presidential candidate in an emerging market lost favor with Wall Street, the banks would pull their money out of the country,” explains Joseph Stiglitz for Project...

Prepare for Globalization’s End: Barron’s

Neil Shearing October 24, 2019
Globalization and increased connections through trade, travel, education and more has shaped the world in recent decades, reducing interest rates, costs and inflation. “The integration of several billion workers into the global economy has pushed down labor’s share of income and pushed up the share flowing to company profits,” explains Neil Shearing for Barron’s. “The latter has provided an...

The End of Inflation? The Economist

The Economist October 15, 2019
Inflation was once a high priority for economists, and governments put full force into combatting the decline in the purchase value of their respective currencies. Most governments that target inflation have the phenomenon in control or even worry that the rate is too low, despite historically low interest rates and unemployment rates as well as recent stimulus funding. Traditional economic...

Economic Battle of Our Time: RealClearMarkets

Allan Golombek October 3, 2019
President Donald Trump emphasized national interests, sovereignty and pride in his remarks before the UN General Assembly. Nations that avoid trade, though, could be at a disadvantage, explains Allan Golombek for RealClearMarkets. “Trade is the glue that largely holds together and fortifies the global economy,” he writes. “Unravel it, and the impact makes itself known – quickly.” With rising...