Where Is the Code.org for Latin America and the Caribbean?

Where Is the Code.org for Latin America and the Caribbean?

photo: International Telecommunication Union (ITU)/R. Farrell  Coding is basic literacy for the Fourth Industrial Revolution. It is an integral part of the digital age, which in turn has ushered in that revolution. As popularized over the past year or so by the World Economic Forum and others, this revolution is based on the arrival of […]

A New Playbook for Companies Venturing for Impact

A New Playbook for Companies Venturing for Impact

The Paris-based food products company Danone, the Spanish-based bank BBVA, and the British utility company Centrica have something important in common. Each of these large multinationals has figured out effective ways to bring together its core financial, human, and technological strengths, along with massive networks, to provide business support to social entrepreneurs. Innovation and investment teams […]

What Does the Unemployment Rate Measure? Labor Market Slack or the Social Stress of Joblessness? Why Does it Matter?

What Does the Unemployment Rate Measure? Labor Market Slack or the Social Stress of Joblessness? Why Does it Matter?

photo: Rui Duarte The unemployment rate published monthly by the Bureau of Labor Statistics is one of the most widely watched of all economic indicators. But why? What does it really measure? The news media, politicians, and voters tend to see the unemployment rate as an index of the social stress of joblessness. There is ample […]

Shortening Distances in Economic Development: The Poor as a Digital Crowd

Shortening Distances in Economic Development: The Poor as a Digital Crowd

photo: Matt Phipps  How many clicks separate economic development practitioners in Washington, D.C., from the beneficiaries of their projects in other parts of the world? Probably a few clicks (according to the theory of six degrees of separation). In the last few years, the rate of digital connectivity have continuously risen, and although more than half the […]

From Record Highs to Equity Exodus amid Rising Global Risks

From Record Highs to Equity Exodus amid Rising Global Risks

photo: Nicolas Raymond This is the year of historical, elevated economic, political, strategic, and policy risks. Until recently, these potential perils were largely discounted in the market – but now the unease is evident and rising. Ostensibly, US markets are not far from their all-time highs. And yet, the most watched market indices reflect extraordinary unease […]

How Europe Can Survive Without Introducing Sovereign Debt Limits

How Europe Can Survive Without Introducing Sovereign Debt Limits

photo: Chris Goldberg EU financial policymakers appear to be once more in a deadlock situation over proposals to limit the sovereign risk exposure of European banks. The strong exposure of some banks in the southern European periphery in their national sovereign’s debt was seen by many as one of the contributing factors to the ongoing sovereign […]

Advanced Manufacturing May Change the Rules of Economic Development

Advanced Manufacturing May Change the Rules of Economic Development

photo: Tecnalia As advanced manufacturing is about to accelerate in China, the rules of economic development could change across the world.  About a year ago, China’s State Council unveiled a national plan, “Made in China 2025,” which seeks to upgrade China’s manufacturing base. The ultimate objective is to transform China into the leading global manufacturing power […]

Part 3: Reforming China – Changing the Software

Part 3: Reforming China – Changing the Software

Beyond purely economic and financial objectives, the reform process in China must meet welfare, demographic, environmental and governance challenges.  The People’s Welfare… Increasing consumption requires increases in household income, reduced savings or a combination. This requires increasing wage levels and employment levels.  Increasing consumption will require reform of the welfare system, especially health, education and […]

Understanding China’s Rise: The Role of Captive Savings

Understanding China’s Rise: The Role of Captive Savings

photo: Steve Passlow Key takeaway – Over the last three decades, China’s contribution to global growth tripled. The interplay of three domestic factors enabled a growth acceleration: abundant cheap labour flocked into the industrial sector and accepted the financial repression of its savings, which in turn funded massive investment via subsidized lending to state-owned enterprises (SOEs). […]

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