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Europe is worried about low and declining productivity growth. Most politicians and experts have a simple solution: more high-tech investments and more education, especially for young people. But it is questionable whether this proposed fix is realistic or will bring about the desired outcome. The educational visions that...
Professor Enrico Colombatto
The United States Federal Reserve made news last week by raising its benchmark interest rate. However, even if the Fed continues with modest hikes, globally, rates close to and even below zero are here to stay, especially in the eurozone. Some observers explain this unusual state of affairs by citing economic trends (long-term stagnation), while others blame moneta...
Dr. Michael Wohlgemuth
Over the past 25 years Mongolia has benefited substantially from its ‘multi-pillar’ foreign policy. The country prioritised relations with its two powerful neighbours – Russia and China – creating a geopolitical context that has enhanced its security and economic growth. At the same time, Mongolia developed the concept of ‘third neighbours’ – large, global powers w...
Michelle Bachelet is vowing not to give up on the social overhaul of Chile’s free-market model that won her a second term as the country’s president in 2013. Yet the collapse of global copper prices has largely deprived her of the money to pay for the reforms, while a financial scandal has cost her political clout. President Bachelet’s biggest challenge in 2016 wil...
Dr. Joseph S. Tulchin