The famous slogan “KISS” urges listeners to “Keep it simple, stupid!” However, modern policy making is increasingly discovering that not keeping it simple – in fact, embracing the complex – is essential to understanding contemporary systems and making reform work. More...
Today’s OECD Interim Economic Outlook warns that trade growth is slowing, contributing to another slowing of global GDP growth in 2016 and with few signs of improvement for 2017. Does it really matter? If we believe the current anti-trade, anti-globalisation rhetoric, we might shrug our shoulders and say “no”. More...
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...
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