Growth will need to rely to a much greater extent on sustained improvements in human capital, institutions, and governance.
While globalization occasionally raises difficult questions about the legitimacy of its redistributive effects, we should not respond automatically by restricting trade.
One of our era's foundational myths is that globalization has condemned the nation-state to irrelevance.
The world economy is entering a new phase, in which achieving global cooperation will become increasingly difficult.
A group of students staged a walkout in Harvard's popular introductory economics course, Economics 10. Their complaint: the course propagates conservative ideology in the guise of economic science and helps perpetuate social inequality.
It may be hard to imagine that Europe's crisis could worsen, but it just has.
It wasn't long ago that Turkey appeared to be a bright beacon of democracy. Now it looks more like a country heading towards authoritarianism at home and embracing adventurism abroad.
Free-market enthusiasts’ place in the history of economic thought will remain secure. But thinkers like Milton Friedman leave an ambiguous and puzzling legacy, because it is the interventionists who have succeeded in economic history, where it really matters.
Greedy banks, bad economic ideas, incompetent politicians: there is no shortage of culprits for the economic crisis in which rich countries are engulfed.
We may live in a post-industrial age, in which information technologies, biotech, and high-value services have become drivers of economic growth. But countries ignore the health of their manufacturing industries at their peril.
Perhaps for the first time in modern history, the future of the global economy lies in the hands of poor countries. The United States and Europe struggle on as wounded giants, casualties of their financial excesses and political paralysis.
Vindication comes quickly in Hollywood movies, but not in Turkey, whose courts have so far seemed oblivious to the glaring problems with evidence presented by police and prosecutors.
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