In certain countries, working more hours doesn't always mean producing more. See how America's workplace productivity stacks up against six other advanced and developing countries, according to data from the Organization for Economic Co-operation and Development.
Teen unemployment is currently at around 24%, and one HP blogger has a very interesting proposal: create a new minimum wage just for teens to help them get hired. Would the implementation of a "training wage" be a help or a hindrance to our economy? Guest Michael Saltsman joins Nancy to discuss.
Jim Leape looks at some of the ways in which the market can shape a more sustainable economic model. In particular he discusses eco-labeling, which allows green consumers to buy eco-friendly products and services, and carbon trading schemes. He also examines new emerging markets for ecosystem services. The market will play a vital role in creating a sustainable economy.
Forget trying to make millions. Today, entering—and staying in—the middle class is an elusive dream for low wage workers, who are more educated and broker than ever before according to a New York Times report. Is the new middle America impoverished?
With much of the developed world in recession, Asia's economies are suffering as exports crumble, capital flows reverse, and business and consumer confidence deteriorates.The ADB's Senior Economist Donghyun Park addresses these issues within the context of the Asian Development Outlook 2009, ADB's flagship economic publication.ADB Country Economist Craig Sugden presents highlights of the Pacific portion of the
Klaus Schwab, Hans-Rudolf Merz and Vladimir Putin address the World Economic Forum in Davos. They then sit down for a discussion with Peter Brabeck-Letmathe, Michael S. Dell and Carlos Ghosn.Prime Minister Vladimir Putin of the Russian Federation says his country will not be "isolationist and egotistic" in the face of unprecedented crisis.He calls for international action to boost global energy security and for the state to stay out of business.
Global markets have started 2013 on a bullish note, but that may not continue for the rest of the year. The WSJ's Deborah Kan speaks to Deutsche Bank's Michael Spencer about why some of last year's strongest growth economies will slow down.
Professor CS Kiang, expert on environmental sustainability and economic development in China and worldwide, says governments must collaborate to fight climate change and resource depletion. Equally, we must take responsibility for our individual ecological footprint.
Poland was the only EU country whose economy continued to grow uninterrupted through the recent financial crisis. Whilst other countries have hit disaster, it has developed into a vibrant European metropolis. In the university town of Krakow, young students are optimistic about their future in Poland."Warsaw is a truly fantastic place for business and the people are hungry for success". Whilst the youth in other European countries were rioting in the streets, Polish students were partying.
Matthew Bishop interviews Joseph E. Stiglitz, winner of the 2001 Nobel Prize for Economics, and the author of Making Globalization Work, Globalization and Its Discontents and The Three Trillion Dollar War. His most recent work is the forthcoming Freefall, a searing analysis of how America has exported bad behavior, bad policies and bad economics to the rest of the world. Here he discusses the possibility of rethinking the fixation on gross domestic product.
The global economic crisis has accelerated a relative shift of power from the West to the East and South. With high growth rates and newly found confidence, new emerging market players such as China are asserting themselves on the international scene, ranging from the conversations within the G20 to a stronger role in the WTO negotiations to climate talks in Copenhagen. The big question is whether China will take the rains and when.