N24 Exclusive


Is Immigrant-Bashing a Vote Winner for the Left? Monday, June 17th, 2019

Is a hardline position on immigration the key to electoral success for Europe’s beleaguered center left? Denmark’s Social Democrats certainly think so. They took first place in a general election this month after arguing that immigrants threaten the country’s social cohesion and generous..

Read Full Story »

The World Is Running Out of Time

In 2015, the international community launched a renewed effort to tackle collective global challenges under the auspices of the United Nations Sustainable Development Agenda and the Framework Convention on Climate Change (COP21). But after an initial flurry of interest, the progress that has been..

Read Full Story »

WILL CHINA MEND IT’S WAYS AFTER HONG KONG PROTESTS ? Sunday, June 16th, 2019

The massive street march and peaceful protests by the Hong Kong citizens against the extradition law must have rattled the Chinese government, which has quickly suspended the enactment of the law. But, the citizens of Hong Kong do not seem to believe the Chinese government and have insisted that..

Read Full Story »

The American Century’s Last Man Friday, June 14th, 2019

For those of us who were blessed – some might say cursed – to have spent important parts of our careers with Richard Holbrooke, the journalist George Packer’s masterful biography of the American diplomat had to clear a high bar. I, for one, opened Our Man with a sense of dread as to what..

Read Full Story »

Taking on Tehran

US President Donald Trump’s administration has singled out Iran – even more than Russia, China, or North Korea – with sustained pressure over the past two and a half years. The United States has withdrawn from the 2015 nuclear deal (the Joint Comprehensive Plan of Action, or JCPOA),..

Read Full Story »

China Is Courting Disaster in Hong Kong Thursday, June 13th, 2019

The world has been riveted by the protests raging in Hong Kong against the city government’s proposed law to allow the extradition of criminal suspects to mainland China. About one million people – roughly one-seventh of the former British colony’s population – took to the streets on June 9..

Read Full Story »

What Automation Means for the Gender Gap

Recent trends, and the broader history of technological change, indicate that automation will usher in major shifts in labor markets over the next decade, displacing millions of workers but also creating millions of new jobs that require new skills. The McKinsey Global Institute, having documented..

Read Full Story »

Can UBI Survive Financialization?

Universal basic income is hardly a new concept, but it has taken on a new life in recent years. Voices on both the left and the right now argue that a UBI could be the key to addressing major social and structural problems, including technological unemployment and underemployment, extreme poverty,..

Read Full Story »

The US Economy’s Strange Decade Wednesday, June 12th, 2019

The current US economic expansion is extraordinary. Not only does it rival the longest on post-war record, but, unlike previous periods of sustained growth, it has not unleashed much inflation. Corporate profits have soared to unprecedented levels. And economic inequality in the United States is at..

Read Full Story »

Halting Latin America’s Economic Slide Tuesday, June 11th, 2019

“Nobody’s backyard: The rise of Latin America” was the headline on the cover of The Economist on September 11, 2010. Inside was a special report that presented an optimistic view of the region’s future. And little wonder, given that high commodity prices were enabling most Latin American..

Read Full Story »

America’s Unusual Recovery is Now Also its Longest

Data released over the next few months will show that the current US economic expansion is the longest on record. But while the United States continues to outperform other advanced economies, this success has yet to dispel many Americans’ persistent sense of economic insecurity and frustration;..

Read Full Story »

Unconventional Thinking about Unconventional Monetary Policies Monday, June 10th, 2019

The policy interest rates of advanced-country central banks are stuck at uncomfortably low levels. And not just for the moment: a growing body of evidence suggests that this awkward condition is likely to persist. Inflation in the United States, Europe, and Japan continues to undershoot official..

Read Full Story »

The Rule of Law Needs a Soul

The Anglo-American world, once a shining beacon of the “rule of law,” is sliding into constitutional disarray. In the United States, President Donald Trump’s administration is testing the resilience of the system of checks and balances to the breaking point. In Brexit Britain, meanwhile, the..

Read Full Story »

JOURNALISTS NEED ENTRY BARRIER Sunday, June 9th, 2019

There are two professions all over the world that seem to have no entry barrier. Anyone can get in and get out at any time. One is politics ( Yes, people from all sorts of background with or without formal education enter politics at various levels these days to get powerful positions and make..

Read Full Story »

Is Womenomics Working? Saturday, June 8th, 2019

When I first introduced the concept of “Womenomics” in a Goldman Sachs report 20 years ago, I argued that Japan’s need for greater gender diversity and inclusion was as much an economic as a cultural or social issue. After all, labor, capital, and productivity are the three determinants of..

Read Full Story »

Why Universal Basic Income Is a Bad Idea Friday, June 7th, 2019

Owing to the inadequacy of the social safety net in the United States and other developed countries, proposals for a universal basic income (UBI) are gaining in popularity. The gap between the rich and everyone else has expanded significantly in recent years, and many fear that automation and..

Read Full Story »

Why Economics Must Go Digital

One of the biggest concerns about today’s tech giants is their market power. At least outside China, Google, Facebook, and Amazon dominate online search, social media, and online retail, respectively. And yet economists have largely failed to address these concerns in a coherent way. To help..

Read Full Story »

Snubs, Bumps and Donald Trump in Britain Thursday, June 6th, 2019

He may not be popular in Britain, but he still has shavings of appeal. For a country that has time for Nigel Farage, pro-Brexit enthusiast and full-time hypocrite (he is a member of the European Parliament, the very same institution he detests), President Donald Trump will garner a gaggle of..

Read Full Story »

N24 Exclusive

View All

Economic Lessons From Everest Tuesday, June 18th, 2019

Like many others, I was shocked by recent images showing the size of the queue that formed in May to scale Mount Everest, the world’s highest peak, from the Nepalese..