More in Global Economy

5 months

Why More Americans Seem Stuck in Place

One traditional stereotype of the US economy is that it includes a high degree of physical mobility of workers and families: between states, between rural to urban areas, between suburbs and inner cities, and so on. In theory, this mobility offers possibilities for adjusting to economic shocks and for seeking out opportunities, which in turn part of what makes a fluid and flexible market economy work. But in fact, Americans are moving less. David Schleicher discusses the issue in "Stuck! The Law and Economics of Residential Stagnation," appearing in the Yale Law Journal (October 2017, 127:1, pp. 78-154). He writes (footnotes omitted):

5 months

Trump, Year Two: The Economic Record

When President Trump took office January 20, 2017, I asked "What if Trump Skeptics, Like Me, Turn Out to be Wrong? I wrote then:

5 months

A World of Debt – Where are the Risks?

Private debt has been the main source of rising debt to GDP ratios since 2008. Advanced economies have led the trend. Emerging market debt increases have been dominated by China. Credit spreads are a key indicator to watch in 2019.

5 months

How Does China's Higher GDP Translate into National Power?

Depending on what exchange rate you use for comparing GDP, China either already has a larger GDP than the US (using a purchasing power parity exchange rate) or will soon have a larger GDP than the US (using a market exchange rate). Stepping outside the economic issues here to the subject of international relations, does this higher GDP translate into greater international power? Michael Beckley tackles this question in "The Power of Nations  Measuring What Matters," appearing in the Fall 2018 issue of  International Security (43:2, pp. 7–44)

5 months

What Message is the Beveridge Curve Sending?

The Bureau of Labor Statistics writes: 

5 months

Argentina is Shrinking

Argentina, at the close of this article, maintains a high country risk. In fact, the second highest in Latin America and the third of the emerging countries if we include Turkey.

5 months

The Flynn Effect (Rising IQ Scores Over Time) Reverses

The "Flynn effect" refers to a pattern observed by James Flynn, a professor at the University of Otago in New Zealand. It points out that for most of the 20th century, scores on IQ tests have been rising. The reasons behind this pattern have been a subject of controversy. For example, are the rising IQ scores a result of some factor like improved nutrition, both prenatally and for young children? Are they a result of improved schooling? Or a job environment that puts greater emphasis on cognitive skills? Is there something about the design of IQ tests, perhaps combined with that has made scores go up even if underlying intelligence hasn't moved?