Oil prices have been heading south again, with a barrel of US crude recently falling below US$42 – the lowest level since March 2009, the nadir of the global financial crisis. And, while last year’s s ...More
EJ Insight2015-08-17
One of the greatest challenges facing women in much of the world is the gap between their legal rights and their ability as individuals to claim them. National constitutions are increasingly likely to ...More
EJ Insight2015-08-11
Some economists overlook the modern idea that a country’s prosperity depends on innovation and entrepreneurship. They take the mechanistic view that prosperity is a matter of employment and that emplo ...More
EJ Insight2015-08-07
Over the last 35 years, real wages in the United States failed to keep pace with productivity gains. For the typical non-farm worker, productivity grew twice as fast as real wages. Instead, an increas ...More
EJ Insight2015-08-03
It didn’t take long, but according to the Korea Central News Agency, the North Koreans are underwhelmed by the Iran nuclear deal -- and thus unlikely to follow suit. The North Korean announcement took ...More
EJ Insight2015-07-31
Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. Should one invest more in advanced or emerging economies? And which ones? ...More
EJ Insight2015-07-28
Every July, economists, business leaders, non-governmental organizations and politicians from around the world gather in Aix-en-Provence, France, for the three-day Rencontres Économiques forum, organi ...More
EJ Insight2015-07-24
European monetary union was never a good idea. I remember my surprise when, as a young assistant professor, I realized that I was opposed to the Maastricht Treaty. I believed then – and still do – tha ...More
EJ Insight2015-07-23
A common sentiment among investors in China is that the best way to make money is to trade frequently, lest you end up holding the short straw. But, in my experience, buying and holding great business ...More
EJ Insight2015-07-23
Greek Prime Minister Alexis Tsipras has the chance to become to his country what South Korea's Kim Dae-jung and Brazil's Luiz Inácio Lula da Silva were to theirs -- a man of the left who moves toward ...More
EJ Insight2015-07-20
Let us give praise where it is richly deserved. Despite all the criticism they faced, US President Barack Obama and his Secretary of State, John Kerry, stuck doggedly to the task of negotiating a deal ...More
EJ Insight2015-07-17
It is probable that after 60 days of intense debate in Washington, D.C., and conceivably Tehran, the Joint Comprehensive Plan of Action (JCPOA), signed on July 14 by Iran and the UN Security Council’s ...More
EJ Insight2015-07-15
The Greek catastrophe commands the world’s attention for two reasons. First, we are deeply distressed to watch an economy collapse before our eyes, with bread lines and bank queues not seen since the ...More
EJ Insight2015-07-13
Sovereign-debt crises such as the one in Greece can be resolved only through bold steps by both debtor and creditor. The debtor needs a fresh start through a debt write-off; the creditor must find a w ...More
EJ Insight2015-07-07
Over the past year, the global economic environment changed markedly and in unexpected ways. Energy and commodity prices plunged. Growth in China (which accounts for about 40 percent of global growth) ...More
EJ Insight2015-07-02
On the 80th birthday of the 14th Dalai Lama, who has been in exile in India since 1959, Tibet’s future looks more uncertain than ever. During his reign, the current Dalai Lama has seen his homeland – ...More
EJ Insight2015-07-02
The prospect that the US Federal Reserve will start exiting zero policy rates later this year has fueled a growing fear of renewed volatility in emerging economies’ currency, bond and stock markets. T ...More
EJ Insight2015-06-30
The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European l ...More
EJ Insight2015-06-30
In 1961, when the United States was faced with the threat of falling behind the Soviet Union in the space race, president John Kennedy called for a program to put a man on the moon before the end of t ...More
EJ Insight2015-06-29
In December, world leaders will meet in Paris for the United Nations Climate Change Conference, where they will hammer out a comprehensive agreement to reduce carbon emissions and stem global warming. ...More
EJ Insight2015-06-25
