Economy
Global
Africa is a rising giant. By 2050, one in four people on the planet will be African, and by 2060, Africa will have the largest labor force in the world. A former Nigerian presidential candidate, a South African political analyst, and a scholar on African economic development discuss what this demographic explosion means for the continent — and the world.
Of the 1.2 billion youth aged 15 to 24 worldwide in 2019, close to half were out of school, out of work or underemployed, and this number will continue to grow. Listen as global Opportunity Youth leaders and partners from India, Africa and Latin America discuss mobilizing hundreds of partners and thousands of young people to create viable economic pathways.
If you want to know where the economy is headed, ask an economist. If you want to know why (and more), ask a treasury secretary, an economic diplomat, a director of the National Economic Council and the president of Harvard. Larry Summers has been all of those things (and more).
In a recent op-ed, former U.S. climate envoy and secretary of state John Kerry declared that rich countries are failing to respond to the climate crisis. If extreme weather will cost $38 trillion dollars annually by mid-century, who will pay for the adaptation and mitigation projects needed — especially in the developing world?
Niall Ferguson, the celebrated historian who predicted Cold War II in 2018, has assembled the sharpest minds from both sides of the Bamboo Curtain for a discussion on the future of U.S.-China relations.
Renewables are on the rise, but so is fossil fuel consumption as global development demands more and more. Does the oil and gas industry have a role in reaching net-zero goals? How do government policies shape the strategies of oil and gas giants as fossil fuels fade away?
Climate change is a threat multiplier with a disproportionate impact on vulnerable populations. Girls and women, who are denied equitable access to education and economic opportunity in many parts of the world, are most likely to experience the far-reaching effects of a warming planet. Advocates are trying to level the playing field with projects designed to empower the fe...
Economic uncertainty continues its reign of confusion, vexing financial leaders, regulators, and consumers with worrisome inflation and unpredictable markets. Experts weigh in on whether we can avoid a recession, what today’s banking and political difficulties signal about the future of lending and saving, and how workplace developments, A.I. advances, and complex geopolit...
The world’s biggest banks and investors have pledged $150 trillion in assets to tackle climate change. But are these commitments actually getting us closer to net zero, considering that many of those making pledges are still profiting from fossil fuels? We know that climate change will require transformation at a scale never seen before; can the financial system propel us...
How should business leaders reconsider their growth strategy amid a new geopolitical, inflationary, and monetary policy landscape? In particular, this discussion will include insights around the macroeconomic and policy implications of the war in Ukraine, the extremely tight labor-market conditions and rising cost of talent, the dangers from persistently high inflation, th...
Perhaps the most palpable of the pandemic’s economic aftershocks have been dramatic and widespread supply chain disruptions, which have upended expectations for businesses and consumers across the country and the world. Companies that rely on the production of semiconductor chips — think computer companies, automakers, and producers of any kind of “smart” device or system...
As the rest of human activity has been globalized, so has corruption — and to such a degree that it has fueled global inequality, created extremist groups, and converted democratic institutions into autocratic regimes stripping wealth from entire nations. These organized criminals are supported by technology that can anonymize money, by a global criminal-services industry,...
Cryptocurrency is largely seen as an investment vehicle in the United States, with regular reporting on its value in the marketplace. But in other countries, especially in the developing world, such currencies are increasingly used for routine transactions, displacing more traditional money. There is growing trust and interest in this blockchain-based mechanism for both tr...
Most of the tactics that allies are employing to stem Putin’s aggressions in Ukraine are economic in nature: oil and gas embargoes, severe international banking restrictions, shutdowns of foreign business operations, and more — all with the objective of crippling aspects of Russia’s economy. But will they work? Is handcuffing a country’s economy an effective way to counter...
The recent frenzy around NFTs and cryptocurrency have thrust blockchain into the spotlight. But is the true promise of the technology more profound? Joe Lubin, co-creator of Ethereum and one of the original pioneers in blockchain, joins Financial Times’ Gillian Tett to discuss the state of cryptocurrency and the implications of decentralization for the global economy.
Semiconductors are the brains powering essential technologies. A shortage is hammering industries ranging from automotive to consumer electronics to equipment makers, making clear how critical semiconductors are to American economic competitiveness and national security. But the US share of global semiconductor manufacturing stands at just 12 percent today, down from near...
In economics, debt policy can be a deeply polarizing issue. And yet, top US economists are finding that, lately, there are more innovative policy recommendations to agree on than usual. Join this conversation with economic luminaries from across the political spectrum for their insights on how to manage US debt and what it will take to get — and keep — the American economy...
Double-digit unemployment and some permanent job losses are among the long-term consequences of Covid-19. But there is one positive side of the crisis, says Hank Paulson, former secretary of the US Treasury: The pandemic has laid bare the structural deficits that define us at the moment — deficits that we can attack and resolve. In this wide ranging conversation with Gilli...
Through the rise of European populism — from Brexit in the West to Orban in the East, from the Swedish far right in the North to the Italy's Northern League in the South — European politics and economics have been completely altered by the emergence and strengthening of populist movements. But what are the economics behind the erosion of the centre in Europe and where is i...