International Selection

Richard Thaler, leading behavioral economist and Nobel Prize winner, explains why investors often act irrational and why he would be a bit cautious with investments in the stock market.

Creating a financing framework for channeling excess savings from the global North into profitable investment opportunities in the global South would benefit everyone. A column by Célestin Monga.

We do not need to abolish capitalism or nationalize the means of production. But we do need to put the power of competition back in the service of the middle and working classes. A column by Angus Deaton.

The debate about growth in 2018 must include a focus on promoting risk-taking and experimentation. Such an approach can reawaken the progressive agenda. A column by Mariana Mazzucato.

The global recovery will continue, but at a slightly slower growth rate of around 3.5%. The two most obvious risks to keep an eye on will be Europe and the oil-rich Middle East. A column by Michael J. Boskin.

Mohamed El-Erian, chief economic adviser at Allianz, expects a fundamental shift in the global economy that will either result in a powerful economic boom or in renewed tremors at the financial markets.

Three trends are unwinding: unconventional monetary policy, the real economy’s dependence on assets, and global saving arbitrage. This will be influential. A column by Stephen S. Roach

The rules-based trading system enshrined in the WTO is eroding. The existence of three major trading blocs – USA, EU, China – constitutes the worst constellation for trade. A column by Daniel Gros.

Any country that takes to heart President Xi’s invitation to emulate China but does not have a similar organizational history will likely be unsatisfied. A column by Pranab Bardhan.

James Grant, Wall Street expert and editor of the renowned investment newsletter «Grant’s Interest Rate Observer», warns of the unseen consequences of super low interest rate and questions the extraordinary actions of the Swiss National Bank.

Governing well in a context of economic, political, ethnic, and religious diversity is not easy. But failure to do so can mean much less growth and substantially more political risk. A column by Michael J. Boskin.

The benefits of cutting the corporate tax rate will more than offset the adverse effects normally attributed to budget deficits. A column by Martin Feldstein.