Economics
Will China’s Bubble Burst?
Some economists are debating about China’s economic bubble: not about whether the bubble exists (they concur on that point), but WHEN and HOW it will burst. In your opinion, does this threat really exist? And what are the main risks for the international economy posed by the current situation of the Chinese economy? Alfredo…
Economics
Families: The key to addressing social and economic inequality
Francis Fukuyama delivers an engaging critique of Robert Putnam’s latest book, Our Kids: The American Dream in Crisis (Financial Times, March 2015). Putnam alerts us to the real reason behind America’s inequality, which is missing in current debates on the subject. His belief is that the gradual decline of the stable, two-parent, mother and father…
Economics
Redistribution is not Enough
Ricardo Hausmann recently wrote a piece titled “Redistribution or inclusion?” for Project Syndicate. It provides a different view of the causes of inequality of income, looking particularly at developing countries. It points out that modern production requires many complementary inputs, many of which are present in advanced economies, but lacking in emerging economies. Some years ago a friend told…