The World Economy’s Shifting Challenges | by George Soros - Project Syndicate
As 2013 comes to a close, efforts to revive growth in the world’s most influential economies are exerting competing pressures on the global economy. Perhaps not surprisingly, while Europe and the US will continue to play an important global role, developments in Asia will determine the worldwide outlook in 2014 and beyond.
The Strange Case of American Inequality | by J. Bradford DeLong - Project Syndicate
When income inequality began to rise in the 1980’s and 1990’s, economic historians expected to see a political reaction, as had occurred in democracies in the past. So why hasn't America, where 90% of income earners are worse off today than they were 20 years ago, given rise to similar movements for reform?
Which Policies Reduce Income Inequality? | by Laura Tyson - Project Syndicate
US President Barack Obama recently declared growing income inequality and the inequality of opportunity that it creates to be the defining challenges of our time. These problems have risen to the top of the political agenda in the US, but they are not uniquely American problems.
Making Sense of the Swiss Shock | by Markus Brunnermeier & Harold James - Project Syndicate
For years, policymakers have been wondering whether the exit of a small, fiscally weak country like Greece could undermine the euro. Now, policymakers will have to deal with even bigger risks, stemming from the exit of a small, fiscally strong country that is not even a member of the European Union.
What to expect from Raghuram Rajan as RBI governor -Economy News , Firstpost
Under Rajan the RBI wont try to defend the rupee all the time. Given this, the rupee might even be allowed to fall further. What Rajan does on this front will become clear in the months to come, but this will be his biggest immediate challenge.