Education is the bedrock of human progress, and a recognized priority in every country. Yet in developing economies, chronic funding shortfalls are leading to devastating social consequences and contributing to political instability and security risks.
Unlike the Great Depression of the 1930s, which produced Keynesian economics, and the stagflation of the 1970s, which gave rise to Milton Friedman's monetarism, the Great Recession has elicited no such response from the economics profession. Why?
Catalan separatists won't win independence for their region. But if they reengage with Spain's state institutions and build alliances with other political forces that want a federal system, they could achieve far-reaching constitutional reform.
The hazards of relying solely onGDPas a measure of overall economic activity have becomemore and more obvious. But none of the flaws inthat statisticare fatal,so policymakers should focus on fixing them, rather than seek an entirely new framework.
In the absence of political solutions, central banks in the decade since the 2008 financial crisis have rolled out one unconventional monetary policy after another, with various justifications and varying effectiveness.
Now that the period of monetary exceptionalism seems to be coming to an end, central bankers must soberly assess their own record.
With rapid advances in automation and artificial intelligence in recent years, many are worried about a jobless future and sky-high levels of inequality. But the vast technologically driven shift currently underway should be welcomed.
Neurologically exceptional people, such as those with autism or Asperger syndrome, tend to be disadvantaged by the traditional interview process. But, if given the opportunity to train and work as cybersecurity professionals, they could prove integral to protecting the data that underpins the digital age.
US President Donald Trump's recent remarks about Haiti, El Salvador, and African countries have confirmed once and for all that his administration's immigration policy agenda is driven largely by racial animus. The last time the US took such an approach, it was applauded by none other than Adolf Hitler.
With every decision our governments make having a direct and measurable impact on our businesses and our lives as consumers, the idea that we can simply avoid politics is untenable. In fact, the only real option is to do the opposite: engage political issues and leaders in order to fight to defend our interests.
In the 2016 US presidential election, Donald Trump presented himself as a populist who would protect America’s “forgotten” workers from the disruptions of trade and immigration and the nefarious designs of unnamed elites.
But, a year after assuming office, it has become abundantly clear that “America first” means workers come last.