It's worrisome that the best and brightest on Wall Street consistently underestimate the odds of market-jarring events because this suggests that the financial community isn't well-prepared for a true 100-year flood...
A report to be issued this coming week by the IMF (the technical analysis was released early) shows that greater globalization during the past two decades contributed significantly to rising inequality during this period in most developing as well as developed countries...
To the contrary, the strengthening rupee and, more importantly, the fact that the RBI and government decision-making are being forced to cede ground to the market will result in much more efficient (=market-determined) resource allocation in India...
As the world debates whether Ben Bernanke has saved us from a financial crisis or whether he has pumped more air into the asset bubble, it would be useful to think about this question...
The World Bank recently issued its annual report on the global business climate, Doing Business 2008, ranking countries on the ease of doing business...
Besides Adam Smith, Freidrich Hayek and Milton Friedman, here's another book to add to the U.S. Congress's reading list: the International Trade Commission's report on the U.S.-South Korea free trade agreement...
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.