“A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics.” This book offers a crash-course in economics analysis through the applied case-study of the COVID-19 pandemic, to help explain everything from why the U.S. was underprepared for the pandemic to how […]
This report investigates the role of foreign direct investment (FDI) in helping developing countries participate in global value chains (GVCs). It combines the perspectives and strategies from three types of players: multinational corporations, domestic firms and governments. It aims to provide practical guidance for developing countries to develop strategies that use FDI to strengthen GVC […]
Overview* The foundations of economic freedom are personal choice, voluntary exchange, and open markets. As Adam Smith, Milton Friedman, and Friedrich Hayek have stressed, freedom of exchange and market coordination provide the fuel for economic progress. Without exchange and entrepreneurial activity coordinated through markets, modern living standards would be impossible. Potentially advantageous exchanges do not […]
Overview* The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day.
Overview* The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle […]
Overview* The next decade may seem a long way off, but at Capital Group we spend a lot of time thinking about the distant future. In the linked article below, ten of Capital Group’s portfolio managers provide their perspective on the world at the end of the decade and how these shifting trends may influence […]
Abstract: This study discusses factors negatively affecting available water sources, particularly the Nile. Egypt’s annual share of the Nile fresh water amounts to 55.5 billion cubic meters (BCM), representing only 72 percent of water availability. The agriculture sector consumes 85 percent of this share due to flood irrigation, wasting about 50 percent of total irrigation […]
Overview* Starting in the 1960s with the rise of the Eurodollar market and wider liberalization of financial markets, a constantly innovating capitalism in which money flows are deregulated, informalized and globalised has transformed the world economy. One of its key features is an “offshore world” of financial structures, institutions and techniques designed to provide secrecy, […]
Abstract: This study aimed at developing a water security strategy for Egypt up to 2030 and 2050 in the presence of the Grand Ethiopian Renaissance Dam (GERD). It sheds light on GERD potential impacts on the average Blue Nile flows and hence Nile water supply to Egypt, through different scenarios for GERD filling and operation. […]