Foreign Affairs Article

New World Order

Authors: Erik Brynjolfsson, Andrew McAfee, and Michael Spence

Recent advances in technology have created an increasingly unified global marketplace for labor and capital. The ability of both to flow to their highest-value uses, regardless of their location, is equalizing their prices across the globe.

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Foreign Affairs Article

A New Deal for Globalization

Authors: Kenneth Scheve and Matthew J. Slaughter

Globalization has brought huge overall benefits, but earnings for most U.S. workers -- even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.

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Analysis Brief

How Green is Thy Stimulus?

Author: Toni Johnson

The idea of creating green jobs drew great attention as the stimulus package made its way through Congress. Defining those jobs is difficult, however, and economists say many may simply displace existing jobs in the old carbon-based economy.

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Tackling Unemployment in Egypt through Apprenticeship

Council on Foreign Relations

Isobel Coleman writes that the emphasis on vocational education and training (VET) in Egypt's new constitution's has merit, but other countries' struggles with training the workforce of tomorrow are sobering. Put simply, effective VET programs are hard to do.

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Don't Cry for Free Trade

Author: Jagdish N. Bhagwati
Council on Foreign Relations

Newspaper and magazine stories refer to a "loss of nerve", even a "loss of faith" in free trade by economists. When presidential candidates are challenged by free trade proponents, they typically say: "Ah, but economists no longer have a consensus on free trade." But the truth of the matter is that free trade is alive. The analytical arguments in favor of trade have hardly been dented by its critics, such as Alan Blinder, arrayed against it.

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Running Faster to Stay in Place

Authors: Karen Kornbluh and Jared Bernstein
New America Foundation

Despite a rise in the number of hours worked by married-couple families with children, middle and lower income families no longer see increasing returns to their hours worked. Karen Kornbluh and Jared Bernstein examine the link between wage growth and work hours in families of different incomes and recommend policy directions to respond to these trends.

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