2014
Politics-Proof Economies? E-mail
Tuesday, 18 March 2014 03:30

Michael Spence: Project SyndicateMILAN – Governments’ inability to act decisively to address their economies’ growth, employment, and distributional challenges has emerged as a major source of concern almost everywhere. In the United States, in particular, political polarization, congressional gridlock, and irresponsible grandstanding have garnered much attention, with many worried about the economic consequences.

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Overshooting in Emerging Markets E-mail
Thursday, 20 February 2014 03:30

Michael Spence: Project SyndicateMILAN – Until relatively recently, countries’ so-called middle-income transitions were largely ignored – in part because what was supposed to be a transition often became a trap. A few economies in Asia – particularly Japan, South Korea, and Taiwan – sailed through to high-income status with relatively high growth rates. But the vast majority of economies slowed down or stopped growing altogether in per capita terms after entering the middle-income range.

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The Real Challenges to Growth E-mail
Thursday, 23 January 2014 03:00

MILAN – Advanced economies’ experience since the 2008 financial crisis has spurred a rapidly evolving discussion of growth, employment, and income inequality. That should come as no surprise: For those who expected a relatively rapid post-crisis recovery, the more things stay the same, the more they change.

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The Distributional Challenge E-mail
Thursday, 09 January 2014 03:00

MILAN – Assessing the recent past and looking forward to the near term is a natural end-of-year exercise. When it comes to the global economy in 2013 and 2014, it may well be a necessary one as well.

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