The Elephant in the Boardroom
Written by Lucy P. Marcus
LONDON – Business and government leaders worry about a multitude of issues these days. Climate change, weapons of mass destruction, water scarcity, migration, and energy are the greatest threats we face, according to the 750 experts surveyed for the World Economic Forum’s Global Risk Report 2016. And at the WEF’s annual meeting in Davos this year, the sheer number of unsettled issues – the Middle East meltdown, the European Union’s future (particularly given the possibility of a British exit), America’s presidential election, the refugee crisis, China’s economic slowdown, oil prices, and more – was itself unsettling.
The Great Escape from China
Written by Kenneth Rogoff
CAMBRIDGE – Since 2016 began, the prospect of a major devaluation of China’s renminbi has been hanging over global markets like the Sword of Damocles. No other source of policy uncertainty has been as destabilizing. Few observers doubt that China will have to let the renminbi exchange rate float freely sometime over the next decade. The question is how much drama will take place in the interim, as political and economic imperatives collide.
Economics in the Age of Abundance
Written by J. Bradford DeLong
BERKELEY – Until very recently, one of the biggest challenges facing mankind was making sure there was enough to eat. From the dawn of agriculture until well into the Industrial Age, the common human condition was what nutritionists and public-health experts would describe as severe and damaging nutritional biomedical stress.
How Erdoğan Weakens Turkey
Written by Dominique Moisi
PARIS – Five years ago, when the so-called “Arab Spring” erupted, Turkey’s hour seemed to have arrived. Having been humiliated by the European Union after years of accession negotiations – talks marked by a chain of false promises from the EU – Turkey’s then-prime minister (and now president) Recep Tayyip Erdoğan had the perfect plan for restoring his country’s pride and boosting its credibility: It would help to reshape a Middle East in turmoil. Needless to say, things have not unfolded exactly as planned.
The Tech Literacy Imperative
Written by Gavin Patterson
DAVOS – In many parts of the world, young children grow up surrounded by technology. At their fingertips – literally – lies a limitless amount of entertainment, gaming, learning, and social networking. Their world has always been connected. They learn to scroll before they can walk. And yet, as confident as they may be using technology, too many children have no idea how it all works. Nor do they fully appreciate how it underpins their lives – or how it will shape their futures.