Blogs and opinions
Inclusive growth needed to avert EM crisis
By Richard Samans,
World Economic Forum
“Are emerging markets already mired in a ‘crisis’,” the FT asked this week. The word is starting to surface, it noted. Economic growth slowed, global demand slumped, and trade plateaued, in recent months and years.
But leading emerging markets (EMs) such as China, Brazil and South Africa can still avert a real crisis. To do so, they would do best to broaden their attention beyond traditional measures of GDP growth to specific drivers of social expectations. They may find a more diversified strategy for growth itself along the way. Read full article…
Opinion: Reforms can help Germany support its new citizens
Chief Economist, World Economic Forum
While many EU countries are struggling to face current mass immigration, Germany is accepting large numbers of refugees. But WEF chief economist Jennifer Blanke says Germany needs reforms to cope with the influx.
Amid the European refugee crisis, almost forgotten are Germany’s repeated calls on other EU countries to face reforms in order to place the eurozone and the 29-nation bloc on a more sustainable economic footing. Read the full article…
‘You Must be Pro-Equity to be Pro-Growth’
Economist, World Economic Forum
Income inequality has become so extreme that it could inflict major economic damage if we don’t take action. The gap between rich and poor in many countries, most notably the U.S., has been widening for decades. This has excluded billions from the benefits of the economic wealth that they have helped create; an outcome that, aside from being morally questionable, also happens to make little economic sense. It simply boils down to untapped human and economic potential. It’s about time the world has finally realized that we need to do something about rising inequality. Read the full article…