Thursday, July 31, 2014
  1. Can Investment Save Europe?

    Jean Pisani-Ferry

    Can Investment Save Europe?

    3

     assesses the risks and benefits of the EU's latest growth strategy.

    Jean-Claude Juncker European Parliament

    Jean-Claude Juncker, the president-elect of the European Commission, wants to mobilize an additional €100 billion for public and private investment each year for the next three years. But, at a time when private income has shrunk and public resources are scarce, plans to stimulate investment should be carefully scrutinized. READ MORE

  2. China’s High-Income Hopes

    Zhang Jun

    China’s High-Income Hopes

    1

     explains what China must do to avoid the so-called middle-income trap.

    Chinese Girl on Swing Kevin Schoenmakers/Flickr

    It is widely agreed that economic development means more than GDP growth. Unless China’s leaders upgrade the country’s growth strategy to stimulate technological progress and structural transformation, high-income status will continue to elude the world’s second-largest economy. READ MORE

  3. Soccer Lessons for Europe’s Economy

    Harold James

    Soccer Lessons for Europe’s Economy

    1

     considers the policy relevance of Germany's World Cup victory.

    Soccer Lesson Robert Magnussen/Flickr

    Though a solution to the euro crisis continues to elude European leaders, the foundations of one are not difficult to discern. In fact, Europe’s recent soccer experience – in the EURO 2012 tournament and this year’s World Cup – provides insight into how to revive Europe’s economy and address its deeper identity problem. READ MORE

  4. China’s Subprime Risks

    Andrew Sheng

    China’s Subprime Risks

    & 0

    &  are less worried about the volume of Chinese debt than they are about the allocation of credit.

    Boat on Lake China Never House/Flickr

    Chinese financial institutions' rapidly expanding balance sheets – which grew by 92% from 2007 to 2011, alongside 78% nominal GDP growth – have fueled predictions that the country will soon experience its own subprime meltdown. Is there any merit to such forecasts? READ MORE

  5. The Real Raw Material of Wealth

    Ricardo Hausmann

    The Real Raw Material of Wealth

    7

     advises poor countries not to focus solely on adding value to natural-resource exports.

    Pile of Logs Mister GC/Flickr

    Poor countries export raw materials such as cocoa, iron ore, and raw diamonds, while rich countries export – often to those same poor countries – more complex products such as chocolate, cars, and jewels. But this does not mean that poor countries should focus solely on adding value to their raw materials. READ MORE

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