Category Archives: Globalization

From Davos: Globalization Depends on Reducing Income Inequality

A host of star-quality economists made a forceful case at Davos that governments in advanced economies need to reduce income inequalty; otherwise there will be a backlash against globalization. They also took a swipe at the dangers posed by hedge funds and excessive leverage. As cogent as their arguments are, they cross an ideological fault […]

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Martin Wolf on Economic Prospects and Globalism

Martin Wolf is the Financial Times’ chief economic writer and is always thoughtful and balanced. This column in today’s paper presents a more jaundiced view than the sunny forecasts from most US economists. In particular, he focuses on the role of liquidity in the current expansion: What is going to happen to the world economy […]

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