…billion last year, while outflows rose to $101 billion. The Report anticipates that outflows will surpass inflows within the next few years, changing China from a net recipient of FDI…

…it seek to compete with the World Bank by offering more money/fewer conditions? Will there be political “litmus tests” for would-be borrowers? The new currency arrangement resembles the Chiang Mai…

…424). I have left out some of the technical detail of Piketty’s argument, but one more point here needs emphasizing. As he shows (Figure 11.12), inheritance flows are increasing in…

…market access in a durable way.” The IMF was concerned that its money was used to pay off creditors who would otherwise have been forced to negotiate changes in the…

…do regular jobs are not worth the money they are being paid. To listen to some folks everybody else is lazy and overpaid and the problems of our society would…

…easy money and generate more profits for themselves with less aggregate efficiency. They fail to share that profit with labor. Productivity suffers. Effective demand weakens. It then becomes harder to…

Work hard. Save your money. Spend less than you earn. That’s how you become wealthy, right? That’s not totally wrong, but if you think that’s the whole story — or…

…a lower likelihood of distorting competition and international investment flows.   [1] Kenneth P. Thomas, “Investment incentives and the global competition for capital,” Columbia FDI Perspectives, No. 54, December 30,…

…G20, which recently met in Brisbane, does not back its rhetoric with concrete actions, it might be a casualty of such a crisis. cross posted with Capital Ebbs and Flows…

…TIF recipient is legally considered to have paid its property tax even though its payment flows immediately back to its own benefit. If the entity has legally paid its property…