303 Results for “COVID 19”

The combination of technological disruption and economic globalization have resulted in stagnating wages, middle class job losses, and declining labor power in many developed countries. How did this happen and how could we respond?

“We’re building a data system, because you can’t really manage a city if you don’t know who’s there and what’s in it.”

“Actual experience, as opposed to cost-benefit analyses of theoretical alternatives, further strengthens the case for suppressing the disease fully, where feasible. A recent paper from the Institute for New Economic Thinking, To Save the Economy, Save the People First, suggests why. A chart (reproduced here) shows that countries have followed two strategies: suppression, or trading off deaths against the economy. By and large, the former group has done better in both respects. Meanwhile, countries that have sacrificed lives have tended to end up with high mortality and economic costs.” — Martin Wolf, The Financial Times

Entretien avec Pr Felwine Sarr, Professeur Titulaire des Universités et agrégé en économie à l’Université Gaston Berger de Saint-Louis au Sénégal, pour la série d’INET sur COVID-19 et l’Afrique

A Template to Prevent a Global Debt Crisis?

Rohinton Medhora—economist and President of the Centre for International Governance Innovation—talks to Rob about how our economic institutions, such as the global intellectual property regime and central bank independence hamper our ability to address the global crisis that the COVID-19 pandemic has unleashed. They also talk about the state of populism, US-China relations, and the effect of the pandemic on Africa.

Andrew Michael Spence—Nobel laureate, Professor of Economics at the NYU Stern School of Business, and Co-Chair of INET’s Commission on Global Economic Transformation—talks to Rob about how the U.S. government typically errs on the side of doing too little, too late, in response to major crises like the coronavirus pandemic. Spence and Rob compare and contrast how governments in the U.S., Europe, and Asia have responded to COVID-19.

An interview with African development specialist Bara Guèye

Economist Gordon Lafer describes a race against the education technology industry to do what’s right for America’s kids

Un entretien avec Bara Guèye

Does the COVID recession still have the potential to turn into a broader financial meltdown?

“To do this properly, we need to understand the structure of markets for knowledge-based products like new vaccines. Currently, we do not: the “market” is a mishmash of competition and side deals. According to a recent paper from the Institute for New Economic Thinking, governments and pharmaceutical companies last year concluded 44 bilateral COVID-19 vaccine deals, many of which have undisclosed details and poorly understood escape clauses. Poor countries were, by and large, left out.” — Kaushik Basu, Project Syndicate

Individual EU member states ought to issue perpetual bonds

In March the US government authorized the largest domestic bailout in history. Who were the real winners and losers of this bailout? Pulitzer Prize winning reporter Jesse Eisinger has been following the money.

What is the current situation in private indebtedness in the U.S.? Recent ideas suggest that excessive levels of debt are an obstacle to a quick recovery and sustained economic growth.