Rajat Dhawan and Suvojoy Sengupta – McKinsey & Company India’s manufacturing sector could become an engine for economic growth and jobs—if it can specialize. Eleven high-potential value chains could more than double its manufacturing GDP in a few years. The COVID-19 pandemic has exposed the fragility of the world’s supply chains for medicines and medical…
Jim O’Neill – Project Syndicate It might be cathartic to opine noisily about another country’s standards and practices, but there is substantial historical evidence to suggest that a country’s citizens will tend to value economic opportunity over most other issues. That axiom applies as much to the US, the UK, and Europe as it does…
1.4 billion people travelled internationally in 2019, but in view of COVID, a safer travel experience is now paramount to once again attract travellers and to rekindle the romance that travel used to inspire. Now is clearly a moment of crisis for the travel industry. Available seat miles on US airlines were down 71 percent…
Tourism made up 10 percent of global GDP in 2019 and was worth almost $9 trillion, nearly three times larger than agriculture. But, the tourism value chain is fragmented, with limited coordination among SMEs and governments have generally played a limited role in the industry. COVID-19 has caused an unprecedented crisis for the tourism industry: international…
COVID-19 pandemic has forced us to stop and think about our impact on the planet, and to imagine the kind of world we want. There is still time for governments in the developing world to plan for a green recovery and encourage the development of business activity, which would also help many of them address…
Some economists may prefer to concentrate on the current economic situation while standing apart from cultural questions, or to say that the current kerfuffle over “cancel culture” will recede when the economy improves. But this is to abdicate responsibility and to choose the easy road under cover of their discipline’s neutrality. The authority of economics…
“The phrase “social capital” has been used to describe relationships between individuals that facilitate the kind of social trust that can strengthen communities. The lack of it may explain why Trump was elected, why our health and longevity have been deteriorating, and why economic growth has slowed. Some scholars have noted that social capital is…
