Tag Archives: growth

IZA Prize laureate Jan Svejnar: No, billionaires don’t drive economic growth!

In an op-ed published in The Guardian, Jan Svejnar (Columbia University and IZA) points out that the myth of billionaires boosting the economy is untrue – particularly when they amassed their wealth from political connections. Svejnar’s joint research with Sutirtha … Continue reading

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What France can learn from Italy about labor market reforms

In an opinion piece published in the Wall Street Journal, IZA Director Klaus F. Zimmermann analyzes European policymakers’ latest efforts at implementing difficult but necessary labor market reforms. Zimmermann sees remarkable progress in Italy, but lack of action in France. … Continue reading

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And the IZA Prize goes to… Gary Fields!

Cornell professor Gary S. Fields is the winner of the 2014 IZA Prize in Labor Economics for his outstanding contributions on the importance of efficient labor markets to fight poverty and foster economic development in low- and middle-income countries. Worth … Continue reading

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Yes, Germans do believe in fiscal flexibility

Investors were spooked recently by suggestions that global growth may be slowing. Germany came in for particular attention as industrial production and exports both fell, warning that a recession may be on the way. World leaders, especially in Europe, are … Continue reading

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“Austerity is used as a scapegoat to avoid painful reforms”

In an interview with La Tercera newspaper in Chile, IZA Director Klaus F. Zimmermann comments on Europe’s economic difficulties and the current debate on austerity and flexibility. He calls on European policymakers to abandon their ideologically motivated policy strategies in … Continue reading

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Beijing’s caution on reforms makes sense – for now

Cataloguing China’s economic risks has become a popular parlour game. In the past decade, a steady drumbeat of warnings has predicted imminent collapse. Rising state and local government debt, a weak financial system and multiplying inefficiencies in the economy certainly … Continue reading

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Greece must attract top R&D performers

Greece is still in dire straits. Some reform progress during the last three years has contributed to improving the economic outlook, but it has become clear that as much as the reforms are needed, the economy will not become prosperous … Continue reading

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