Commentary / World Nov 21, 2014
Reforming China's 'commanding heights'
Xi's effort to root out corruption has empowered both the party and the reformers. The question is how far they will take their reform ambitions.
Commentary / World Sep 28, 2014
Europe could jump-start a sustained recovery
Europe has a real chance to conclude a bargain if member countries implement fiscal and structural reforms in exchange for short-run relaxation of fiscal constraints focusing on growth-oriented investments.
Commentary / World Aug 27, 2014
The difference between good and bad equality
The "old" theory about inequality was that redistribution via the tax system weakened incentives and undermined economic growth. But the relationship between inequality and growth is far more complex and multi-dimensional than this simple trade-off suggests.
Commentary / World Aug 4, 2014
Regional security deficits threaten economic growth
Political insecurity, potential conflict and deteriorating international relations pose a greater threat to global economic progress than the post-2008 financial crisis debate foresaw.
Commentary / World Jun 23, 2014
Rebooting China to a different growth model
China has no choice but to change its growth model by pursuing a balanced program of high-return investment, high-value government services and a higher level of household consumption.
Commentary / World May 26, 2014
New digital technology wave replacing labor
People scrambling to keep up with digital technologies need to know that the world we are entering is one in which the most powerful global flows will be ideas and digital capital — not goods, services and traditional capital.
Commentary / World Apr 28, 2014
Tradable gains in Spain rain hope for recovery
Though domestic investment is constrained by credit availability, major European and Latin American multinationals have begun investing in the Spanish economy, attracted by its enhanced competitive posture, structural flexibility and recovery in domestic demand.
Commentary / World Mar 24, 2014
An economy resilient to political dysfunction
Recent analysis shows there is little correlation between America's highly publicized political dysfunction and its relative economic performance in serveral dimensions.
Commentary Dec 30, 2013
The distributional challenge
Assessing the recent past and looking forward to the near term may well be a necessary exercise when it comes to the global economy in 2013 and 2014.
Commentary / World Oct 21, 2013
America's reckless financial policy
The U.S. pattern of decision making (or nondecision making) on debt deadlines has already created additional risk and will surely be reflected in upward pressure on interest rates.