More in Global Economy


5 years

The Jobs Problem in India

One of India's biggest economic challenges is how new jobs are going to be created. Venkatraman Anantha Nageswaran and Gulzar Natarajan explore the issue in "India’s Quest for Jobs: A Policy Agenda" (Carnegie India, September 2019). They write:

5 years

The Pedagogical Lessons and Tradeoffs of Online Higher Education

The Fall 2019 issue of Daedalus is on the subject "Improving Teaching: Strengthening the College Learning Experience," edited by Sandy Baum and Michael S. McPherson. There's a lot to digest in the issue, and I'll list the table of contents below. But I found myself especially interested by the comments on online education in "The Human Factor: The Promise & Limits of Online Education," by Baum and McPherson, as well as in "The Future of Undergraduate Education: Will Differences across Sectors Exacerbate Inequality?" by Daniel I. Greenstein.

5 years

Challenges Facing the Arab Development Model

Here's a description of the Arab "social contract" and "development model" according to a recent report by Adel Abdellatif, Paola Pagliani, and Ellen Hsu, "Leaving No One Behind Towards Inclusive Citizenship in Arab Countries" (July 2019). It's an Arab Human Development Report Research Paper, written for the Regional Bureau for Arab States in the UN Development Programme. They write:

5 years

Value, Momentum and Carry – Is it Time for Equity Investors to Switch?

·        Index tracking and growth funds have outperformed value managers for several years ·        Last month value was resurgent, but will it last? ·        In the long run, value has offered a better risk adjusted return ·        The long-term expected return from growth stocks remains hard to assess

5 years

The Dispersion of High and Low Productivity Firms Within an Industry

If you think about an economy as fairly stable and static, you would expect that any two companies within an industry would be fairly close in terms of productivity. After all, if Company A and Company B are selling similar products, and A has much higher productivity than B, it should drive B out of business. Thus, one might expect that at the end of this process, the competitors we observe within an industry in the real world should be fairly close in productivity level.

5 years

Are Collateralized Loan Obligations the New Collateralized Debt Obligations?

CDOs, or "collateralized debt obligations," were at the heart of what broke down in the US financial system and helped put the "Great" in the "Great Recession." Is there another financial instrument out there that raises similar concerns? CLOs, or "collateralized loan obligations," have a similar structure and have now reached a similar size to the CDOs circa 2008.

5 years

The Politicization of Climate: Whitewashing Interventionism

If we want a true alternative that improves the environment, reduces emissions and strengthens global welfare, it will only come from the free market. Historical evidence and economic incentives show us that interventionism and socialism never protect the environment, they only use it as a subterfuge to increase control of the economy while subsidizing polluters under the excuse of “employment” using the term “strategic sectors.”

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