Connectivity and the Modern Refugee
Written by Filippo Grandi
GENEVA – They were fresh off the boat, the group of refugees I met this time last year. They had fled their homes in Syria, traveled halfway across Turkey, and placed their lives in the hands of a gang of people smugglers promising to get them to Europe. Despite all that they had endured, one of them told me, upon landing on the Greek island of Lesbos, that they had panicked only once during that perilous voyage: when their mobile phone signal disappeared.
Trump’s Extreme Oligarchy
Written by Simon Johnson
WASHINGTON, DC – US President-elect Donald Trump is filling his cabinet with rich people. According to the latest count, his nominees include five billionaires and six multimillionaires. This is what is known as oligarchy: direct control of the state by people with substantial private economic power. Given that the Republicans also control both houses of Congress – and will soon make many judicial appointments – there is virtually no effective constraint on the executive branch.
The Next Migrant Wave
Written by Stephen Groff
MANILA – Imagine that you are a farmer. Your crops are withering as weather patterns become more volatile, your well water is too salty to drink, and rice is too expensive to buy at the market. So, you leave home in search of a better life.
Greece’s Perpetual Crisis
Written by Yanis Varoufakis
ATHENS – Since the summer of 2015, Greece has (mostly) dropped out of the news, but not because its economic condition has stabilized. A prison is not newsworthy as long as the inmates suffer quietly. It is only when they stage a rebellion, and the authorities crack down, that the satellite trucks appear.
The Promise of Digital Finance
Written by Laura Tyson and Susan Lund
BERKELEY – An economic development revolution lies literally in the palm of a single hand. As mobile phones and digital technologies rapidly spread around the world, their implications for economic development, and particularly finance, have yet to be fully realized. The sooner that changes, the better for people worldwide.