Since the 2008 global financial crisis, austerity and balance-sheet repair have been the watchwords of the global economy. And yet today, more than ever, debt is fueling concern about growth.
How can the West improve its economic performance at a time when political instability is impeding effective policymaking?
Restoring growth to the global economy will require the removal of obstacles to investment, efforts to fix dysfunctional labor markets and measures to counteract rising inequality.
While the Fed's rate hike, prudently accompanied by an emphasis on small and gradual steps, may not turn out to be a trigger, the concerns about the knock-on effects are legitimate.
Today's sharing-economy companies like Amazon and eBay have left their infancy, and their services will one day be ubiquitous.
Common sense says a business that invests in automation will be more productive, but the statistics tell a different story.
If Chinese regulators allow the stock market to correct, institutional investors with a long-term value orientation will ultimately step in, enhancing the market's stability.
China now has a strategy to ensure its economic transformation benefits other countries in Asia and beyond.
Beijing must do what it takes to ensure that any further slowdown in China's economy is not viewed as secular trend.
The best way to avoid the risk of an extended period of weak economic growth is to fuel productivity growth by improving human capital and innovation through properly targeted public investment.
