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Jobs, Jobs, Jobs
Prakash Loungani
Education, migration, and redistribution are key elements of a long-term solution to global unemployment
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A Long Commute
Çağlar Özden
Immigrants do more good than harm when they enter a country’s job market
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Toil and Technology
James Bessen
Innovative technology is displacing workers to new jobs rather than replacing them entirely
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The Shrinking Middle
Ekkehard Ernst
Labor market trends portend a paradise for some workers, but continued purgatory for most
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Finder of Financial Fault Lines
Laura Wallace profiles Raghuram Rajan, the prescient finance economist now steering India’s central bank
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Power from the People
Florence Jaumotte and Carolina Osorio Buitron
The decline in unionization in recent decades has fed the rise in incomes at the top
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A Prudent Man’s Curse
Vitor Gaspar
Without the right public institutions, the temptation of power politics can imperil longer-term development goals
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System Malfunction
William R. White
The global economy is rife with imbalances that cannot be fixed under the present international monetary (non)system
JOBS ON THE LINE
Jobs, Jobs, Jobs
Prakash Loungani
Education, migration, and redistribution are key elements of a long-term solution to global unemployment
Seven Lean Years
Prakash Loungani
The global economy is in slow recovery from peak unemployment thanks to governments’ vigorous policy responses
A Matter of Size
Bruce Edwards
Sub-Saharan African businesses must produce more jobs to fulfill the region’s promise
A Long Commute
Çağlar Özden
Immigrants do more good than harm when they enter a country’s job market
Toil and Technology
James Bessen
Innovative technology is displacing workers to new jobs rather than replacing them entirely
The Shrinking Middle
Ekkehard Ernst
Labor market trends portend a paradise for some workers, but continued purgatory for mos
Ekkehard Ernst on the middle class
Hans Rosling on inequality
Help Wanted
Hyun-Sung Khang
When a young person is jobless, it also damages family, community, and country.
Power from the People
Florence Jaumotte and Carolina Osorio Buitron
The decline in unionization in recent decades has fed the rise in incomes at the top
Point of View: The Foremost Priority
Sharan Burrow
It’s time for a recovery led by wages and public investment
Youth Echoes
Irma Boracic-Suman, Ahmed Hassan, Takumi Sato, and Alexa Clay
The latest developments in the lives of four young people F&D interviewed in early 2012
Also In This Issue
Prognosis: Rosy
Giang Ho and Paolo Mauro
When it comes to long-term growth forecasts, economists tend to be overly optimistic
Point of View: System Malfunction
William R. White
The global economy is rife with imbalances that cannot be fixed under the present international monetary (non)system
Straight Talk: A Prudent Man’s Curse
Vitor Gaspar
Without the right public institutions, the temptation of power politics can imperil
longer-term development goals
Reducing Informality
Ravi Kanbur and Michael Keen
It may be a great slogan, but it is of little value as a practical objective for tax reform
How to Build a Better Future for Latin America
Adriana Lorena Rojas Castro
Latin America and the Challenges It Faces
DEPARTMENTS
From the Editor
Back to Basics
Taxes in Practice
Ruud De Mooij and Michael Keen
It is hard to design a fair and efficient revenue system
People in Economics
Currency Notes
Norway: Design, Democracy, and Daring
Christopher Coakley
In this new series, F&D takes a look at the stories behind money around the world
Book Reviews
Market Madness: A Century of Oil Panics, Crises, and Crashes, Blake C. Clayton
Climate Shock: The Economic Consequences of a Hotter Planet, Gernot Wagner and Martin L. Weitzman