February 2019

The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty

By Clayton M. Christensen,‎ Efosa Ojomo,‎ Karen Dillon Clayton M. Christensen, the author of such business classics as The Innovator’s Dilemma and the New York Times bestseller How Will You Measure Your Life, and co-authors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity, and offers a groundbreaking solution for true and lasting change.Global poverty is one of the world’s most vexing problems. For decades, we’ve assumed smart, well-intentioned people will eventually be able to change the...

Hustle and Gig: Struggling and Surviving in the Sharing Economy

By Alexandrea J. Ravenelle Choose your hours, choose your work, be your own boss, control your own income. Welcome to the sharing economy, a nebulous collection of online platforms and apps that promise to transcend capitalism. Supporters argue that the gig economy will reverse economic inequality, enhance worker rights, and bring entrepreneurship to the masses. But does it?In Hustle and Gig, Alexandrea J. Ravenelle shares the personal stories of nearly eighty predominantly millennial workers from Airbnb, Uber, TaskRabbit, and Kitchensurfing. Their...

Bridging Public Pension Funds and Infrastructure Development

By Clive Lipshitz (Tradewind Interstate Advisors) & Ingo Walter (New York University - Leonard N. Stern School of Business; New York University (NYU) - Department of Finance) Underfunding of U.S. public pensions is a chronic policy issue that has become more severe over time. Public pension obligations were estimated at $5.96 trillion at the end of 2017 supported by assets of $4.33 trillion — a shortfall of $1.63 trillion and a ‘funded-ratio’ of 72.6%. We consider the sustainability of public...

Pensions at Work: Socially Responsible Investment of Union-Based Pension Funds

By Jack Quarter,‎ Isla Carmichael,‎ Sherida Ryan Pension funds have come to play an increasingly important role within the new economy. According to Statistics Canada, in 2006, trusteed pension funds in Canada had $836 billion of assets and represented the savings of 4.6 million Canadian workers. Pensions at Work is a unique collection of papers that uses a labour perspective to deal with the socially responsible investment of pension funds. Featuring leading Canadian and international scholars, it builds on existing scholarship on...

The Economic Effects of the UK Government's Proposed Brexit Deal

By Arno Hantzsche (National Institute of Economic and Social Research; University of Nottingham), Amit Kara (Bank of England - Monetary Policy Committee), Garry Young (National Institute of Economic and Social Research) The focus of our analysis is on how the UK government's proposed Brexit deal is likely to affect the economy. First, we assess how trade, migration, foreign direct investment, productivity and contributions to the EU budget might change by reviewing current proposals against historical evidence. Second, we use the...

The Economic Effects of the UK Government’s Proposed Brexit Deal

By Arno Hantzsche (National Institute of Economic and Social Research; University of Nottingham), Amit Kara (Bank of England - Monetary Policy Committee), Garry Young (National Institute of Economic and Social Research) The focus of our analysis is on how the UK government's proposed Brexit deal is likely to affect the economy. First, we assess how trade, migration, foreign direct investment, productivity and contributions to the EU budget might change by reviewing current proposals against historical evidence. Second, we use the...

January 2019

Order Without Design: How Markets Shape Cities

By Alain Bertaud An argument that operational urban planning can be improved by the application of the tools of urban economics to the design of regulations and infrastructure. Urban planning is a craft learned through practice. Planners make rapid decisions that have an immediate impact on the ground--the width of streets, the minimum size of land parcels, the heights of buildings. The language they use to describe their objectives is qualitative--"sustainable," "livable," "resilient"--often with no link to measurable outcomes. Urban economics,...

Systems Analysis in Public Policy: A Critique

By Ida R Hoos Systems analysis, which is also called cost/benefit analysis, the planning-programming-budgeting system, risk analysis, and technology assessment, has become the major planning and policy tool of government at all levels. Indeed, it is still gathering momentum in addressing the uncertainties associated with everything from the safety of nuclear energy to the effects of microelectronics. Examining this phenomenon critically, Ida R. Hoos reviews systems analytic techniques in their own circumscribed, simulated world and in the real one, drawing...

The Populist Backlash Against Europe: Why Only Alternative Economic and Social Policies Can Stop the Rise of Populism in Europe

By Bojan Bugaric (University of Sheffield, Department of Law) The European Union is facing an unprecedented political crisis. This club of liberal and democratic countries has been confronted by a nationalist and populist backlash that threatens the core principles at the very heart of the EU. Capitalizing on the European sovereign debt crisis, the backlash against refugees streaming in from the Middle East, public angst over the growing terror threat, and Brexit, previously fringe populist political parties are growing with...

December 2018

Meeting India’s Retirement Challenge

By Richard Jackson ALTHOUGH RAPID DEVELOPMENT BRINGS GREAT BENEFITS, it also creates great challenges. Among the most critical is ensuring a measure of security for the old, who often find themselves vulnerable and marginalized as economic growth accelerates and traditional social and cultural norms are overturned. When rapid development is combined with rapid population aging, confronting the challenge becomes all the more urgent. India is one of the world’s most rapidly developing countries. Like most emerging markets, it is also progressing...