A Demographic Threat to the Culture of Growth

August 19, 2019

Demographic experts increasingly agree that the extraordinary trend of population growth that took place over the past 200 years has already changed course. Darrell Bricker and John Ibbitson, the authors of the book “Empty Planet,” suggest that a complete reversal of the trend may be at hand....

The Path to Growth Is Industrialization, Not Exports

August 08, 2019

On the seventh anniversary of the 9/11 attacks, Dani Rodrik posed a controversial question: “Is Export Led Growth Passé?” Writing on September 11, 2008, this famous Harvard professor argued that advanced economies were unlikely to run large current account deficits and import as they did in...

Is the Internet Increasing or Decreasing Productivity?

October 17, 2018

As debate over productivity rages furiously, it is time to adopt better measures to capture the value technology adds to the economy. It is an open secret that technological advances of the computer age have changed our lives in many ways. However, we have yet to answer a simple question: How...

YOLO Economics for Tomorrow’s World

September 15, 2016

Fossil fuels provided a one-time-only quantum leap in growth. Coming up with a new economic model should be on everyone’s bucket list. The economy, we have been taught, is a cat with considerably more than nine lives. The bottom might drop out of the stock market, but it will rebound—again...

Where is Africa Headed?



The Source of Economic Success in the 21st Century

February 09, 2015

European countries must focus on their children’s skills in an increasingly competitive world, argues former Irish Prime Minister John Bruton. A lot of attention is being given to the competition Europe and the United States will face from economic growth in Asia over the next 25 years. A...

Chinese Lessons: Singapore’s Epic Regression to the Mean

December 03, 2014

China might continue growing faster than 6% per annum, but it's not a bad thing either if the country fails to keep that pace. Across all recorded history, 99% of humanity has never invented a single thing. Yet, it is a truth universally acknowledged that long-run sustained progress in economic...

India: A Property Tax Proposal

March 31, 2014

Why taxing property for accountable local government in India is essential.  In our last piece, we had argued that taxation is the economic glue that binds citizens to the state in a necessary two-way relationship. A citizen's stake in exercising accountability diminishes if he or she does...

India: Taxation’s Fatal Neglect?

February 03, 2014

Obsessed with spending, India's UPA has ignored the vital task of expanding the direct tax net. How one-sided has India's conversation on its government finances become. It is all about spending, spending, spending. For the United Progressive Alliance (UPA) government, of course, elevated...

Africa Must Industrialize Now

January 12, 2014

In order to make its current growth sustainable, Africa must rethink its economic focus. In 2013, a major policy discourse within and between the supranational bodies that influence policymakers in sub-Saharan Africa was the industrialization of the continent. These bodies include, but are not...

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