economy

What Kind of Capitalism Do We Want?

2019-12-03

What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly.

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After the Lebanon Protests: Between the Party of God and Party of the People

2019-11-25

Lebanons protesters succeeded in one of their demands: the resignation of the countrys embattled Prime Minister. After the seismic protests, what is the best way forward?

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Will China Confront a Revolution of Rising Expectations?

2019-11-25

Amid much discussion of the challenges facing the Chinese economy, the line-up of usual suspects typically excludes the most worrying scenario of all

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How the IMF Can Battle Gradual Irrelevance

2019-11-24

The convening power of the IMF and the World Bank is unquestionably strong, if not unique. Every year, their annual meetings attract top economic and financial officials from more than 180 countries

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A Living Wage for Capitalism

2019-11-18

Higher nominal wages for low-paid workers can boost real earnings, increase consumer spending, and help make housing more affordable.

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The Digital Money Revolution

2019-11-16

The rapid pace and sheer scale of innovation in digital currencies and mobile payments indicates that a monetary revolution is forthcoming. The choice for governments

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The End of Neoliberalism and the Rebirth of History

2019-11-09

For 40 years, elites in rich and poor countries alike promised that neoliberal policies would lead to faster economic growth, and that the benefits would trickle down so that everyone

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The Arab Winter of Discontent

2019-11-07

Following mass uprisings in Algeria and Sudan this summer, protesters have now taken to the streets in Lebanon and Iraq to demand better economic conditions and an end to mis-governance.

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The Open Secret of Development Economics

2019-10-30

To many in China, this years Nobel Memorial Prize in Economic Sciences seems to have shone a spotlight on one area of development economics at the expense of another. While randomized controlled trials might be useful for creating or improving welfare pro

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How a Weaponized Dollar Could Backfire

2019-10-27

United States foreign policy under President Donald Trump continues to run counter to Americas traditional post-war objectives. Should the US carelessly relinquish leadership of the global multilateral order...

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Argentina Must Not Waste Its Crisis

2019-10-26

To explain Argentinas chronic instability and episodic illiquidity, one must look beyond idiosyncratic leaders, temporary external shocks, and specific policy mistakes.

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Locking China Out of the Dollar System

2019-10-23

By broadening the nexus between economic interest and national security, Trump is encouraging the decoupling of the worlds two largest economies and the emergence of a bipolar world order led by rival hegemons.

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Is Post-Brexit London Really Doomed?

2019-10-22

Despite the likelihood of a harder-than-expected Brexit, and the certain loss of the so-called passport, which would allow financial services to be sold freely across the EU...

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Can Synchronized Stagnation Be Stopped?

2019-10-20

Given the growing risk of economic stagnation, governments may soon need to provide further stimulus – ideally in tandem with broader structural reforms...

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Economy, WhatsApp, wildfires: Why are there protests in Lebanon?

2019-10-19

The crisis in Lebanon has been simmering for months

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Will Libra Be Stillborn?

2019-10-16

Where the problem for economies and financial services is lack of competition, residents of developing countries need to look to their own regulators and politicians...

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Iraq, China launch oil for reconstruction agreement

2019-10-14

Baghdad has forged a 20-year deal to supply Beijing with oil in exchange for Chinese investments in projects to repair Iraqs war-damaged infrastructure.

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Preventing Digital Feudalism

2019-10-14

By exploiting technologies that were originally developed by the public sector, digital platform companies have acquired a market position that allows them to extract massive....

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No Country for Poor Men: How Lebanon’s Debt Has Exacerbated Inequality

2019-10-13

After Lebanons civil war ended in 1990, it began rapidly expanding the public debt. This debt has exacerbated widening socioeconomic inequalities, now threatening the countrys stability.

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Will Lebanese wait hours in gas lines as fuel crisis bites?

2019-09-30

Lebanese citizens are living day by day the repercussions of the dollar scarcity crisis, as the fuel sector threatens an open strike next week if the government fails to find a proper solution.

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The Global Retreat of Free Trade

2019-09-30

At last months G7 summit in Biarritz, leaders again paid lip service to reforming the World Trade Organization. But, given the US led effort to weaken the WTO

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Four Collision Courses for the Global Economy

2019-09-28

Between US President Donald Trumps zero-sum disputes with China and Iran, UK Prime Minister Boris Johnsons brinkmanship with Parliament and the European Union

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The Return of Fiscal Policy

2019-09-23

With interest rates at record lows and global growth set to continue decelerating, there has rarely been a better time for governments to invest in infrastructure and other sources of...

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