Tuesday, October 21, 2014
  1. America, the Balanced

    Jeffrey Frankel

    America, the Balanced


     suggests that the true US current-account balance could be a surplus.

    Pile of money Nicke Ares/Flickr

    It may be time to stop worrying about the US current-account deficit – and not only because of adjustment at home and in China. It is possible that, properly measured, America's true deficits were smaller than has been reported, and even that, in some years, they were not there at all. READ MORE

  2. The Inequality Trifecta

    Mohamed A. El-Erian

    The Inequality Trifecta


     outlines a strategy to stem the rise in inequality of income, wealth, and opportunity.

    income inequality shoe shiner M. Jeremy Goldman/Flickr

    Perhaps the most striking disconnect at the annual IMF/World Bank meetings was the disparity between participants’ interest in discussions of inequality and the ongoing lack of a formal action plan for governments to address it. This represents a profound failure of policy imagination – one that must urgently be addressed. READ MORE

  3. China’s Vicious Growth Circle

    Keyu Jin

    China’s Vicious Growth Circle


     attributes China's economic woes to the perpetuation of a skewed growth model.

    Ship with containers Evan Leeson/Flickr

    Most economists have a reason to be worried about China’s economy – whether it be low consumption, industrial overcapacity, environmental degradation, or government interventions. What many fail to recognize is that these are merely the symptoms of a single underlying problem: China’s skewed growth model. READ MORE

  4. The Procurement Goldmine

    Ricardo Hausmann
  5. The Age of Vulnerability

    Joseph E. Stiglitz

    The Age of Vulnerability


     argues that rising levels of individual insecurity reflect a failed economic system.

    The age of vulnerability A. Golden/Flickr

    While many countries succeeded in moving people out of poverty, the welfare of a growing number is precarious. An economic system that fails to deliver gains for most of its citizens, and in which a rising share of the population faces increasing insecurity, is, in a fundamental sense, a failed economic system. READ MORE

Focal Point

295 pages
295 pages

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