Featured
- 4 days
Trending
1 The Future of Work: How Significance Drives Employee Engagement
Daniel Burrus2 UK Tech Sector Secures a Third of European VC Funding in 2024
Azamat Abdoullaev3 Fed Chair Jerome Powell Reports 'Modest' Progress in Inflation Fight
Daniel Lacalle4 AI Investments Drive 47% Increase in US Venture Capital Funding
Felix Yim5 How to Get a Police Report After an Accident in Richmond
Daniel Hall
Search
Most Read
- 3 years
Climate Summit 2021: President Joe Biden Announces the United States Will Aim to Cut Carbon Emissions by as Much as 52% by 2030
- 6 years
Economics of World War I
- 1 month
The Birth of Insurance Markets: 14th-Century Italian Maritime Trading
- 6 years
"You Cannot Convict Your Opponent of Error; You Can Only Convince Him Of It"
- 8 months
“Academic” Freedom Has an Adjective in Front of the Noun
- 2 months
“Check Your Banners and Your Membership Cards at the College Gate”
- 2 years
“Economics is the Social Science of Love”
- 8 months
“Spend Now, Deal with The Consequences Later” Is the Worst Policy
- 4 years
100 Million Traffic Stops: Evidence on Racial Discrimination
- 4 years
1957: When Machines that Think, Learn, and Create Arrived
- 9 months
2023’s Most Popular Bitcoin Alternatives
- 1 year
4 Ways to Keep Food Prices Low Amid Inflation & Cost of Living Crisis
- 1 year
5 Things The Government Can Do To Boost Innovation
- 7 years
8 Downside Risks to Indian Economy in 2018
- 3 years
A “Medicare Funding Warning” from the Trustees
More in Global Economy
Middle East Economic Challenges
The Middle East and North Africa region contains about half of the world's proven reserves of oil and natural gas. This has already proven to be a mixed blessing for economic growth in the region, and in a world economy where many countries are making efforts to reduce carbon-emitting sources of energy, a dependence on production of fossil fuels will be even more problematic. Abdelhak, Bassou, Mario Filadoro, Larabi Jaidi, Marion Jansen, Yassine Msadfa, and Simone Tagliapietra consider these isues in "Towards EU-MENA Shared Prosperity," a report co-published by the European think tank Breugel and the Moroccan think tank OCP Policy Center (which receives funding through Office Chérifien des Phosphates, a Morocco-based mining company).
- 5
Netherlands: The #2 Food Exporter in the World
Densely populated Netherlands, with 17 million people and a GDP similar to the state of Illinois, is the second-largest exporter of food products in the world as measured by volume of sales. Frank Viviano explains in "This Tiny Country Feeds the World: The Netherlands has become an agricultural giant by showing what the future of farming could look like," which appears in the September 2017 issue of National Geographic magazine.
- 7
Building Connections with Active Labor Market Policies
"Passive" labor market policies involve paying money to the unemployed, like with unemployment insurance. "Active" labor market policies involve a range of programs to assist the unemployed with finding jobs. In both categories, the US has long lagged well behind other high-income countries. Chad P. Bown and Caroline Freund review the evidence in "Active Labor Market Policies: Lessonsfrom Other Countries for the United States" (Peterson Institute for International Economics, January 2019. 19-2).
- 4
Reducing Health Care Costs in America
The US spends about 18% of GDP on health care. Other high-income countries spend an average of about 11%. Thus, the Society of Actuaries and Henry J. Kaiser Family Foundation have created Initiative 18/11 to consider ways of holding down US heath care spending. A first report from the initiative, "What Can We Do About the Cost of Health Care?" (January 2019), doesn't yet offer proposals for action. But it offers a useful sense of what many of the main targets are likely to be of any serious effort to reduce healthy care costs. Here are some of my own reactions and takeaways from the report.
- 4
Why Did Simon Kuznets Want to Leave Military Spending out of GDP?
Simon Kuznets (Nobel 1971) usually gets the credit for doing as much as anyone to organize our modern thinking about what should be included in GDP, or left out. But I had not known that Kuznets apparently argued for leaving military spending out of GDP, on the grounds that it wasn't actually "consumed" by anyone, but should instead be treated as an intermediate input that supported production and consumption. Here's how Hugh Rockoff tells the story in his essay, "On the Controversies behind the Origins of the Federal Economic Statistics," in the Winter 2019 issue of the Journal of Economic Perspectives. [Full disclosure: I work at JEP as Managing Editor.] Rockoff writes:
- 3
Why Have Other Countries Been Dropping Their Wealth Taxes?
A wealth tax is what it sounds like: a tax imposed not on income, but on wealth. The standard economic definition of wealth includes both nonfinancial assets like real estate and financial assets like stocks and bonds. Thus, a wealth tax doesn't care if the value of someone's wealth went up or down in the last year/ It is not a tax on the transfer of wealth to others, like an inheritance tax or a gift tax. It is just imposed on the amount of wealth.
- 5
The Puzzle of the US Productivity Slowdown
In the long-run, the average standard of living in an economy is determined by the average productivity of its workers. For example, Paul Krugman started Chapter 1 of his 1990 book, The Age of Diminished Expectations, by stating: "Productivity isn't everything, but in the long run it is almost everything. A country's ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker."
- 3
Follow us
On social Media
Download our app
Download our app for iPhone and Android
BBN Times connects decision makers to you. Experts in their fields, worth listening to, are the ones who write our articles. We believe these are the real commentators of the future. We quickly and accurately deliver serious information around the world. BBN Times provides its readers human expertise to find trusted answers by providing a platform and a voice to anyone willing to know more about the latest trends. Stay tuned, the revolution has begun.