Is a country’s ability to generate and distribute income determined by its productive structure? Decades ago Simon Kuznets proposed an inverted-u-shaped relationship describing the connection between a country’s average level of income and its level of income inequality. More...
The public is losing faith in the capacity of governments to manage migration. Opinion polls in a wide range of countries suggest that the share of the public holding extreme anti-immigration views has grown in recent years and that these extreme views are more frequently heard in public debates. More...
Antibiotics have made modern medicine possible. Before the discovery of penicillin in 1928 and the recognition of its therapeutic potential, there were few tools doctors could use when patients came to them with common or minor infections from simple paper cuts. More...
Societies and economies are complex systems, but the theories used to inform economic policies predominantly neglect complexity. They assume for example representative agents such as a typical consumers, and they also assume that the future is risky rather than uncertain. More...
The city is humanity’s greatest invention. An artificial ecosystem that enables millions of people to live in close proximity and to collaborate in the creation of new forms of value. More...
Fifteen years after 9/11, the world is now facing the threat of systemic terrorism. Apparently mindless, random attacks are in fact part of a strategy developed over a number of years, whose origins can be traced back to three major turning points, one ideological, one political, one military, that occurred at the end of the 1970s. More...
Posted by . On Tuesday, the EU joined more than 55 other countries, including China and the United States, in ratifying the Paris climate agreement, thus setting it in motion. Negotiated almost a year ago, the climate deal commits countries to freeze further increases in the global average temperature to “well below 2 degrees Celsius above pre-industrial levels”. More...
Posted by . Today the OECD has released a new working paper by Thor Berger and Carl Frey (famous from his work on the automatability of jobs) which provides a systematic overview of the literature examining the impact of digitalisation on labour markets. More...
Posted by . In Italy there is an interesting link between age, skills and labour market challenges. Italy is one of many developed countries where youth represent an increasingly smaller fraction of the overall population. More...
Posted . Productivity is the ultimate engine of growth in the global economy, but there has been an increasing concern about weak productivity growth in recent years. A key recent OECD work, the Future of Productivity implies that inefficient firms increasingly linger as opposed to exit the market, despite their inability to adopt new technologies. More...
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