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– / By Ricardo Hausmann and Miguel Angel Santos / Will Venezuela default on its foreign bonds? Markets fear that it might. That is...
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– The odds are weighed heavily against achieving the target set by the Millennium Development Goals (MDGs) of ensuring by December 2015 that every school-age child...
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– Israel’s latest war in Gaza has echoed through Europe’s capitals in a powerful and destructive way. In Berlin, London, Paris, Rome, and elsewhere,...
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– The reception in the United States, and in other advanced economies, of Thomas Piketty’s recent book Capital in the Twenty-First Century attests to growing concern...
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– Two years ago, Shinzo Abe’s election as Japan’s prime minister led to the advent of “Abenomics, ” a three-part plan to rescue the economy from...
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Relapse is the rule in the post-crisis global economy. In the United States, Japan, and Europe, GDP growth faltered again in the first...
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– An increasing number of American companies are making plans to shift their headquarters to Europe. These so-called “inversions” would reduce these companies’ total...
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– The chaotic consequences of the gradual disintegration of Pax Americana are becoming increasingly clear. For seven decades, the United States safeguarded a global...
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– The well-publicized troubles of Portugal’s Banco Espírito Santo this summer have reminded us that the eurozone’s financial problems are by no means resolved....
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– One puzzle of the world economy is that for 200 years, the world’s rich countries grew faster than poorer countries, a process aptly...