One factor contributing to the rise of populist sentiment in the United States has been the decline in manufacturing jobs, from 17 million in 2000 to 11 million in 2010. President-elect Trump promises to bring manufacturing jobs back, but there are three economic trends to keep in mind.
In 2018, economic growth stood at a robust 6.5% in China, a strong 7.5% in India and a respectable 3% in the United States. But instead of basking in their good economic fortunes, the citizens of these populous countries are entangled in factious domestic politics. In this thought-provoking analysis for policy experts and executives, economist Indermit Gill offers his perspectives on the pervasive atmosphere of discontent. Different demons beset each nation, clouding otherwise sanguine economic prospects.
Martin Baily and James Manyika discuss the role that valuable characteristics now being associated with manufacturing-related fields—such as a encouraging entrepreneurship and innovative problem…
This report examines the current state of the sharing economy, investigates the underlying economic, technological, social, and political factors that lead to the rise of the sharing economy and predicts the growth of this sector in the coming years.
The Federal Reserve’s pursuit of its dual mandate to maintain stable prices and robust employment rests on controlling inflation. Since 2012, the Fed has earmarked 2% as the inflation rate that best achieves price stability. But that level has proven elusive. In this astute analysis, economist David Wessel offers policy makers and financial professionals background on the choice of this rate and its supporting architecture. He explores the reasons why Fed officials are now considering revamping their inflation targeting approaches.
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