Economics

  • France & Germany – Building A Path To A Low-Carbon Future: Jeffrey Sachs

    France & Germany – Building A Path To A Low-Carbon Future: Jeffrey Sachs

    The surest bet on the future of energy is the need for low-carbon energy supplies; And while early movers, such as France & Germany, may pay a slightly higher price today for these strategies, they and the world will reap long-term economic and environmental benefits.

    NEW YORK – The surest bet on the future of energy is the need for low-carbon energy supplies. Around 80 percent of the world’s primary energy today is carbon based: coal, oil, and gas. We will need to shift to no- or low-carbon energy by mid-century. The big questions are how and when.

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  • Gender Equality: Key To Wealth & Happiness in Nordic Countries

    Gender Equality: Key To Wealth & Happiness In Nordic Countries

    The Nordic nations have gone much further down the road to gender equality than anywhere else in the world. By comparison, some of G8 nations, especially France, Italy and Japan, have a lamentable record. But few countries are emulating the Nordic models.

    On June 11, 2013, it will be 100 years since Norway became the first independent country to introduce the vote for women. There will be tremendous celebrations all over Norway, a country which is proud of its egalitarian society.

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  • Towards A Global Carbon Tax – A Better Way To Fight Climate Change?: Jeffrey Sac

    Towards A Global Carbon Tax – A Better Way To Fight Climate Change?: Jeffrey Sachs

    The European Union Emissions Trading System was the world’s first large emissions trading scheme, which required industrial emitters to purchase a permit for each ton of CO2 emissions. However, with permits’ prices plummeting in the midst of Europe’s economic slowdown, a new global strategy is now required to combat climate change. Each region of the world should introduce a tax on CO2 emissions that starts low today and increases gradually and predictably in the future.

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  • Polluters Must Pay In ‘The New Era Of Responsibility’: Jeffrey Sachs

    Polluters Must Pay In ‘The New Era Of Responsibility’: Jeffrey Sachs

    In a momentous verdict last week, BP was ordered to pay the largest criminal penalty in U.S. history for its role in the Deepwater Horizon oil spill. However, while polluters are increasingly being held accountable for their crimes in the developed world, many global companies continue to enjoy relative impunity for environmental damage caused in poorer countries: as exhibited by the lack of reparation in the Niger Delta.

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  • The Problem with ‘Static’ Development Models: by Michael Pettis

    The Problem with ‘Static’ Development Models: by Michael Pettis

    With a shift in economic strategy comes a radical change in the relationship between underlying growth variables and their impacts on growth. Instead of making predictions and estimations extrapolated from previous forecasts – the problem with most development and growth models – a better and more meaningful understanding of China, and other emerging or international markets for that matter, can be achieved if research and analyses were conducted in a grounded and sound manner.

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  • The Dangerous New Era Of Climate Change: Jeffrey Sachs

    The Dangerous New Era Of Climate Change: Jeffrey Sachs

    For many years, the risk of climate change was widely regarded as something far in the future, a risk perhaps facing our children or their children. But recent global events suggest that we have now entered a new and very dangerous era of global climate shifts, one that corporate lobbies and media propagandists are still attempting to deny.

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  • America’s Perverse Control Over The World Bank: Joseph Stiglitz

    America’s Perverse Control Over The World Bank: Joseph Stiglitz

    Rumours suggest that the US is likely to insist on maintaining the perverse selection process in which it gets to pick the World Bank’s president. But while Jim Yong Kim may be a good candidate, no single country should effectively decide who gets the job. Should America continue to insist on controlling the selection process, it is the Bank itself that would suffer.

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  • With Kim's Nomination, The US Finally Awakens To A New Reality: Jeffrey Sachs

    With Kim's Nomination, The US Finally Awakens To A New Reality: Jeffrey Sachs

    Until now, the United States had been given a kind of carte blanche to nominate anyone it wanted to the World Bank presidency. That is how the Bank ended up with several inappropriate leaders, including several bankers and political insiders who lacked the knowledge and interest to lead the fight against poverty. But the nomination now of Jim Yong Kim could be a breakthrough for the US, and most importantly, the World Bank.

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  • Can The World Bank Rediscover Itself? : Jeffrey Sachs

    Can The World Bank Rediscover Itself? : Jeffrey Sachs

    The World Bank’s central mission, when it was established in 1944, was to reduce global poverty and ensure that global development was environmentally sound and socially inclusive. However, since then the Bank has only served as an extension of US foreign policy and commercial interests.

    NEW YORK – The world is at a crossroads. Either the global community will join together to fight poverty, resource depletion, and climate change, or it will face a generation of resource wars, political instability, and environmental ruin.

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