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Stagnating wages and growing inequality will soon threaten the stability of contemporary liberal democracies and dethrone democratic ideology as it is now understood. What is needed is a new populist ideology that offers a realistic path to healthy middle-class societies and robust democracies.
Is globalization to blame for rising unemployment and income inequality in the United States? Richard Katz and Robert Lawrence argue that other factors are at fault. Perhaps, says Michael Spence -- but the overarching effects of globalization cannot be denied.
The protestors of the Occupy Wall Street complain about the unfairness of the bailout, unemployment, and taxes. But to make the U.S. economy more fair, Washington needs to use the capitalist system, not to destroy it.
Protesters in Lower Manhattan are missing the point. The so-called "one percent" actually does a lot of good. It's Washington's willingness to bailout banks that is the real problem.
Jobs growth was slow in May, renewing pessimism about the U.S. economy. Spence, a Nobel Prize-winning economist writes that economic growth and employment in the United States have started to diverge, increasing income inequality and reducing jobs for less-educated workers.
Governments and international organizations recognize that empowering women in the developing world is a catalyst for achieving a range of policy and development goals. It is time for multinational corporations to come to the same realization -- funding education and training female business leaders is good for business.
International norms and legal codes that are meant to protect human rights mean little for people in the developing world, who suffer abuse not for a lack of laws but because these laws are not enforced. It is imperative, therefore, that the human rights community build up political will and capacity among local law enforcement bodies.
The global flow of remittances represents the link between migration and development. If the world's largest economies are serious about recovery, they should make money transfers as easy and cheap as possible.
In the United Kingdom, backlash against workers from other countries in the European Union is growing. Any measures to limit foreign labor, however, may threaten the future of the European common market.
Amity Shlaes' The Forgotten Man is a useful antidote for those whose knowledge of the Great Depression comes from textbooks that lionize Franklin Roosevelt's New Deal and paper over his serious policy errors.
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