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Confronting Our Four Biggest Economic Challenges

At the start of a new year, it is increasingly obvious that new, creative thinking is needed to address climate change, socioeconomic malaise, faltering development strategies, and the breakdown of globalization as we know it. To remain relevant, economists must adapt to new realities and new demands.

CAMBRIDGE – Another tumultuous year has confirmed that the global economy is at a turning point. We face four big challenges: the climate transition, the good-jobs problem, an economic-development crisis, and the search for a newer, healthier form of globalization. To address each, we must leave behind established modes of thinking and seek creative workable solutions, while recognizing that these efforts will be necessarily uncoordinated and experimental.