Economists have been warning of a looming labor shortage in China, raising concerns that wages will rise and China's growth will slow. That could stall economic recovery around the world. Xin Meng, a recent visiting scholar at The Chazen Institute, weighs in.
New research provides the first empirical evidence that quantifies the role of the so-called middleman in developing and expending international trade — data that could play an important role in US trade policy.
Jacques de Larosière, former Governor of the Central Bank of France and current chairman of the strategic committee of the French Treasury, says that central banking authorities failed to act in the runup to the crisis and then watched a train wreck.