Industrial policy is all the rage in western policy circles these days. From the US and European Union to a number of economies in Asia, subsidies, tax incentives and public-private partnerships are on the menu to support domestic high-tech manufacturing. But investments in education, scientific undertakings, healthcare and climate change are the elixirs of long-term productivity and prosperity.
Biden’s student debt plan flawed but the right move By Julian Jacobs President Joe Biden’s administration was right to cancel $10,000 of student debt for millions of Americans. Although there are justified criticisms, the bill is a meaningful step towards alleviating the enormous debt burden in the US.
MEETINGS Jason Furman on US economic developments and policy Thursday 27 October, Roundtable Jason Furman, chief economist to President Barack Obama and 28th chairman of the Council of Economic Advisers, joins Mark Sobel, OMFIF’s US chairman, to discuss inflation, supply shocks, geopolitical instability and quantitative tightening.
ON DEMAND What’s next for the Italian economy? Former Italian diplomat Antonio Armellini and Silvia Dall’Angelo, senior economist at Federated Hermes, speak with OMFIF Economist Taylor Pearce about the economic consequences of the 25 September general election in Italy.
LATEST REPORT Absa Africa Financial Markets Index 2022 Now in its sixth year, the Absa Africa Financial Markets Index evaluates countries’ financial development based on measures of market accessibility, openness and transparency.
