Thursday, December 18, 2014
  1. Xi’s Reform Gambit

    Andrew Sheng

    Xi’s Reform Gambit

    & 0

    &  compare Chinese President Xi Jinping's reform ambitions to those of Deng Xiaping.

    Xi Jinping nznationalparty/Flickr

    When Deng Xiaoping initiated China’s market-oriented reforms 35 years ago, he was taking the biggest political risk since the founding of the People’s Republic in 1949. Now that President Xi Jinping has initiated his own, equally risky program of reform, one must ask whether his strategy, too, will pay off. READ MORE

  2. The Oil Price Opportunity

    Kemal Derviş

    The Oil Price Opportunity

    1

     proposes that governments take advantage of falling oil prices to introduce an explicit carbon tax.

    Gas station pump Wang Xiao/ZumaPress

    Though lower oil prices may boost overall global growth, with the oil-importing advanced economies gaining the most, the impact on efforts to combat climate change could be devastating. But this decline in oil prices could also provide a rare political opportunity to introduce an explicit carbon price. READ MORE

  3. Why Are Commodity Prices Falling?

    Jeffrey Frankel

    Why Are Commodity Prices Falling?

    7

     says that slower global growth and the threat of deflation are not driving the decline.

    Newsart for Why Are Commodity Prices Falling?

    Most dollar commodity prices have fallen since the first half of the year. Though a host of sector-specific factors affect the price of each commodity, the fact that the downswing is so broad – as is often the case with big price swings – suggests that macroeconomic factors are at work. READ MORE

  4. Good and Bad Inequality

    Dani Rodrik

    Good and Bad Inequality

    14

     notes that the equality-efficiency tradeoff is entirely wrong – except when it's not.

    world inequality MD. Hasibul Haque Sakib/Flickr

    Economics is a science that can claim to have uncovered few, if any, universal truths. Like almost everything else in social life, the relationship between equality and economic performance is likely to be contingent rather than fixed, depending on the deeper causes of inequality and many mediating factors. READ MORE

  5. Inequality and the American Child

    Joseph E. Stiglitz

    Inequality and the American Child

    16

     explains why the US now has the least equality of opportunity among developed countries.

    US poor children Ed Yourdon/Flickr

    Though an average American childhood may not be the worst in the world, the disparity between the country's wealth and the condition of its children is unparalleled. And, without compensatory measures, unequal opportunities translate into unequal lifelong outcomes by the time children reach the age of five. READ MORE

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