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13 days

Global Population Projections: Parameters Shaping the Future

Social scientists sometimes say that "demography is destiny," which never seemed quite right to me. Yes, demography has powerful and often underestimated effects. It constrains and shapes the options available to society. But society also makes decisions about how to react to demographic forces, too. In that spirit, here are some of the population constraints that will be shaping and constraining global politics and economics in the next few decades, from World Population Prospects 2019 done by demographers at the United Nations. In particular, I'm drawing here from the World Population Prospects 2019: Highlights report (June 2019).

15 days

Managing Alligators and Kangaroos with Market Incentives

"About half a century ago, the American alligator became one of the original endangered species. Today, there are approximately 1.3 million in Florida alone, and residents routinely call nuisance trappers ... to remove gators from swimming pools, neighborhood lagoons, and pretty much any other body of water they find their way into. For the nuisance trappers across the state, markets and commercialization are part of the foundation that helps manage this now-abundant species."

16 days

The Shifting Wealth of Nations: Thoughts on Argentina and Socialism

Discussions of socialism often consist of throwing examples at each other. What about Sweden and Norway? Well, what about Venezuela and the Soviet Union? In an "Eye on the Market" brief written for JP Morgan, Michael Cembalist writes "Lost in Space: The Search for Democratic Socialism in the Real World, and how I ended up halfway around the globe from where I began"(June 24, 2019).

18 days

Interest Rates, Global Value Chains and Bank Reserve Requirements

·        Global Value Chains have suffered since 2009. ·        Despite low interest rates, financial costs remain too high. ·        Bank profitability has not recovered, yet banks are still too big to fail.

20 days

The G-20 Summit Will Not Change The Slow Growth Trend

The G20 Summit is likely to generate many headlines and few concrete measures. However:

22 days

Three Years since the Brexit Vote: Looking Back

Three years ago on June 23, 2016, the Brexit vote occurred. After three years of negotiation, I have no clear idea what the endpoint will be. But to commemorate the day and some of the choices to be faced, here are links to a three earlier posts on Brexit.

23 days

A Timepass World

When enthusiasts talk about the merits of being connected to the internet, they often emphasize benefits involving access to economically relevant information, political empowerment, cultural links, and family ties. But in the real world, people are watching cat videos. The Economist magazine has an article discussing how the main use of the internet in low-income countries, as in high-income countries, is the leisure-time activities of "timepass"(June 8, 2019).