Wednesday, October 7, 2015
  1. A New Vision for the World Bank

    Nancy Birdsall

    A New Vision for the World Bank


     believes that three key shifts would adapt the institution to twenty-first-century problems.

    World Bank Group President Jim Young Kim World Bank Photo Collection/Flickr

    Holding this year's World Bank meetings in Peru, a developing country, represents a welcome shift from the usual Washington, DC venue. One hopes that it portends other necessary shifts, with the Bank reframing its mission and undertaking new tasks – and with its biggest shareholder, the US, rethinking its role. READ MORE

  2. Why Finance Can Save the Planet

    Jean Pisani-Ferry

    Why Finance Can Save the Planet


     advocates spending to avert climate change now and figuring out how to pay for it later.

    Coin under flame.

    Most people hate finance, viewing it as the epitome of irresponsibility and greed. But, even after causing a once-in-a-century recession and unemployment for millions, finance looks indispensable for preventing an even worse catastrophe: climate change. READ MORE

  3. The Decadence of the People’s Car

    Harold James

    The Decadence of the People’s Car


     compares the Volkswagen scandal with those that have eroded the financial industry's credibility.

    Volkswagen logo.

    The Volkswagen scandal is a useful reminder that corporate wrongdoing is not confined to the banking industry, and that merely levying fines or ramping up regulation is unlikely to solve the problem. Indeed, it is one of the iron laws of corporate physics: Every regulation elicits a proportionate effort to circumvent it. READ MORE

  4. China in the Debt-Deflation Trap

    Andrew Sheng, ET AL

    China in the Debt-Deflation Trap

    & 4

    &  emphasize the need for real-sector restructuring in the world's second-largest economy.

    Beijing stadium.

    In the wake of a global stock market sell-off triggered by economic turmoil in China, the US Federal Reserve has decided to postpone raising interest rates. And, indeed, China is facing huge challenges, with the risk of a global debt-deflation trap being a major one. READ MORE

  5. A Growth Strategy for Europe

    Hans-Helmut Kotz, ET AL

    A Growth Strategy for Europe

    , ET AL 5

    , ET AL  offer concrete proposals for lifting the EU out of its economic malaise.

    protester with EU flag outside Greek parliament Nikolas Georgiou/ZumaPress

    With the third Greek loan program almost in place, it is time for European leaders to start focusing on the future. That means embarking on a broad economic-reform program that combines growth-enhancing supply-side reforms and demand-side efforts to support investment and job creation. READ MORE


245 pages
245 pages

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