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:
- 06/10/2019
- 7
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.
- 03/10/2019
- 4
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.
- 03/10/2019
- 4
Trade: The Perils of Overstating Benefits and Costs
A vibrant and healthy economy will be continually in transition, as new technologies arise, leading to new production processes and new products, and consumer preferences shift. In addition, some companies will be managed better or have more motivated and skilled workers, while others will not. Some companies will build reputation and invest in organizational capabilities, and others will not. International trade is of course one reason for the process of transition.
- 01/10/2019
- 6
Employment Patterns for Older Americans
Americans are living longer, and also are more likely to be working in their 60s and 70s. The Congressional Budget Office provides an overview of some patterns in "Employment of People Ages 55 to 79" (September 2019). CBO writes:
- 30/09/2019
- 6
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