Data from its latest World Economic Outlook suggest that the more a country’s product and labor markets resemble those of the US, the more it will grow.
The Bretton Woods institutions are nearly as old as Joe Biden. They need an update, but in navigating a changing world, they’ve never been more necessary.
There’s a reason politicians don’t talk about the budget deficit: The tax increases and/or spending cuts needed to control it are too enormous to contemplate.