Economics

Let’s Level the Inter-generational Playing Field

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With President Obama’s speech in Osawatomie, Kansas decrying the growing economic inequality and lack of upward mobility in America, the issue has finally arrived at the center of this year’s campaign debates.  read more »

Wanted: Blue-Collar Workers

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To many, America’s industrial heartland may look like a place mired in the economic past—a place that, outcompeted by manufacturing countries around the world, has too little work to offer its residents. But things look very different to Karen Wright, the CEO of Ariel Corporation in Mount Vernon, Ohio. Wright’s biggest problem isn’t a lack of work; it’s a lack of skilled workers. “We have a very skilled workforce, but they are getting older,” says Wright, who employs 1,200 people at three Ohio factories.  read more »

Tilting at (Transit) Windmills in Nashville

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As in other major metropolitan areas in the United States, Nashville public officials are concerned about traffic congestion and the time it takes to get around. There is good reason for this, given the research that demonstrates the strong association between improved economic productivity and shorter travel times to work.  read more »

Which States Are Growing More Competitive?

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By Hank Robison and Rob Sentz. Illustration by Mark Beauchamp.

In many ways, individual U.S. states are like 50 laboratories where differing public policy, industry focus, and economic development strategies are tried and tested. Different approaches yield different results and some states become more competitive – gaining a larger share of total job creation — while others struggle and lose share. This phenomenon has been evident over the past few years as our nation struggles to recover. Some states have been doing quite well while others are still limping along.  read more »

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Illinois: State Of Embarrassment

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Most critics of Barack Obama’s desultory performance the past three years trace it to his supposedly leftist ideology, lack of experience and even his personality quirks. But it would perhaps be more useful to look at the geography — of Chicago and the state of Illinois — that nurtured his career and shaped his approach to politics. Like with George W. Bush and Texas, this is a case where you can’t separate the man from the place.  read more »

Good Morning, Vietnam

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While many experts are pronouncing the demise of the American era and the rise of China, other East Asian nations complicate the picture. As America continues to participate and extend its influence in the dynamic Asian market, there may be no more suitable ally than its old antagonist, Vietnam.  read more »

The Best Cities For Technology Jobs

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During tough economic times, technology is often seen as the one bright spot. In the U.S. this past year technology jobs outpaced the overall rate of new employment nearly four times. But if you’re looking for a tech job, you may want to consider searching outside of Silicon Valley. Though the Valley may still be the big enchilada in terms of venture capital and innovation, it hasn’t consistently generated new tech employment.  read more »

The New World Order: A Report on the World's Emerging Spheres of Influence

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This is the introduction to a new report, "The New World Order" authored by Joel Kotkin in partnership with the Legatum Institute. Read the full report and view the maps at the project website.

The fall of the Soviet Union nearly a quarter of a century ago forced geographers and policy makes to rip up their maps. No longer divided into “west” and “east”, the world order lost many of its longtime certainties.  read more »

California’s Jobs Engine Broke Down Well Before the Financial Crisis

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Everybody knows that California’s economy has struggled mightily since the 2008 financial crisis and subsequent recession. The state’s current unemployment rate, 12.1 percent, is a full 3 percentage points above the national rate. Liberal pundits and politicians tend to blame this dismal performance entirely on the Great Recession; as Jerry Brown put it while campaigning (successfully) for governor last year, “I’ve seen recessions. They come, they go. California always comes back.”  read more »

The Caribbean Tech Tide Rises

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The Caribbean has been a long-standing destination for holiday travelers, with its stunning beaches, clear waters, and the 20th century's plummeting costs of long haul travel. The shift away from its historical sugarcane exporting heritage and towards tourism made the region heavily reliant on the world economy. A realization of this dependency has resulted in another shift: a reach to further develop digital and technological industries.  read more »

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