Tuesday, July 29, 2014
  1. The Real Raw Material of Wealth

    Ricardo Hausmann

    The Real Raw Material of Wealth

    3

     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

  2. The Onshoring Myth?

    Federico Díez
  3. India’s Chinese Dream

    Lee Jong-Wha

    India’s Chinese Dream

    3

     outlines how India can replicate China's economic success.

    Narendra Modi Xi Jinping Li Xueren/ZumaPress

    China and India have both emerged as global economic superpowers in recent years, with China leading the way. But, with Chinese growth slowing amid far-reaching structural change, will the economic-reform efforts of India’s new prime minister, Narendra Modi, enable the country to catch up? READ MORE

  4. Europe’s Surplus of Stagnation

    Robert Skidelsky

    Europe’s Surplus of Stagnation

    7

     takes Germany to task over its refusal to address its massive current-account surplus.

    Euros and Dollar mightykenny/Flickr

    Earlier this month, the chief executive of Airbus called for drastic action by the European Central Bank to reduce the value of the euro against the dollar by about 10%, from a “crazy” $1.35 to between $1.20 and $1.25. But the euro's strong exchange rate is the result of inaction by Germany, not inaction by the ECB. READ MORE

  5. Fighting the Fed

    Martin Feldstein

    Fighting the Fed

    4

     asks whether congressional Republicans are right to seek a monetary-policy rule.

    Janet Yellen Ben Bernanke Fed Chairs Zhang Jun/ZumaPress

    The US Federal Reserve fears that a proposed law requiring it to use a formal rule to guide monetary policy would limit its independence, while the bill’s proponents argue that it would produce more predictable growth with low inflation. Who is right? READ MORE

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