Training for the Pandemic Economy

Training for the Pandemic Economy

The transition to the world being created by COVID-19 was always going to be difficult for workers in the worst-affected sectors. The main question now is whether policymakers will take the steps – including apprenticeship programs and expanded funding for community colleges and technical schools – that are most likely to make it easier. Continue Reading

A 100-day Agenda to Reunite America

A 100-day Agenda to Reunite America

After four years of a president who has deliberately tried to divide Americans, the United States can and must find common purpose to address its many challenges. The next US president can take a range of early steps to achieve this goal. Continue Reading

Winter Is Coming

Winter Is Coming

The U.S. government needs to prepare for a deliberate and coordinated multi-faceted attempt by foreign actors to disrupt and weaken our nation in the wake of the pandemic and its economic fallout, our divisive social unrest, and the upcoming presidential election. Continue Reading

The Pandemic Must End Our Complacency

The Pandemic Must End Our Complacency

With an economic downturn as severe as the Great Depression and political conditions similar to those in the run-up to World War I, an international system built on globalization now hangs in the balance. The world desperately needs effective collective leadership – and not just to contain COVID-19. Continue Reading

How Markets and Governments Must Work Together

How Markets and Governments Must Work Together

Economists have long known that the liberal ideal is an abstraction, a useful tool for theoretical reasoning, but hardly a template for reality. The private sector often turns to government in times of crisis, which raises the fundamental public policy question: What is the role of government in crisis, where does its role begin and how does it end? Continue Reading

Private Equity and Build Back Better

Private Equity and Build Back Better

Boston Consulting Group’s latest ‘state of the nation’ on the asset management industry is a data-rich confirmation of the seemingly irresistible rise of private equity and its private asset brethren in real estate, infrastructure and private debt. Continue Reading

Globalizing the Fight Against the Pandemic

Globalizing the Fight Against the Pandemic

As a global problem that will remain a threat everywhere as long as it is still present anywhere, the novel coronavirus demands a collective and collaborative response. With a new COVID-19 Technology Access Pool to share data and intellectual property, all countries and companies now have a chance to become a part of the solution. Continue Reading

The View From Argentina

The View From Argentina

Argentina is in crisis. The pandemic had turned a bleak story into something worse. The country may shortly default on its national debt for the ninth time in its history, with far-reaching consequences. But there is still hope. Continue Reading

The Deadly Urgency of Now

The Deadly Urgency of Now

The consequences of lapses in international cooperation in combating COVID-19 over the last few months can now be counted in lost lives. Having failed to stop the first wave of the pandemic, we must not make the same mistake again. Continue Reading

What the Stock Market Is Really Saying

What the Stock Market Is Really Saying

The seeming confidence expressed by global equity markets in the face of the COVID-19 pandemic has surprised many – including many market participants. But a closer look reveals an unambiguous message: The global economy is facing a long, deep malaise, followed by a “new normal” of reduced earnings and profitability for all but a chosen few. Continue Reading

The Human-Capital Costs of the Crisis

The Human-Capital Costs of the Crisis

Unlike a hurricane or earthquake, the coronavirus pandemic has caused no damage to physical capital stock. But firm-specific skills have no value when the firm that uses them goes out of business, which is one reason why US productivity, wages, and economic growth are likely to be affected for years to come. Continue Reading

Getting America Back to Work… Safely

Getting America Back to Work… Safely

Without a credible plan, the nation will be in fear and chaos for a long time. COVID-19 infections are peaking in parts of the country, but contrary to President Trump’s assurances that he will open the economy soon, the surgeon general recently declared that many places in the US will not be able to open on May 1. So who decides? Continue Reading

A Better Idea

A Better Idea

During the COVID19 crisis, it is easy to forget that the world is full of other important stress points that must not be ignored. The seemingly endless Israeli-Palestinian conflict is one, but there are rays of light that should be built on. Continue Reading