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The Future of Development: Business and Consumer Services

Our new paper forecasts global structural transformation over the next thirty years. It shouldn’t come as a great surprise that it suggests the planetary shift toward services employment and out of both agriculture and manufacturing will continue. But it does suggest something many find might novel about the magnitude and reach of the likely change, and what that implies for development strategies.
Ranil Dissanayake Brian Webster Figure Two East Asian Figure Three
Source: cgdev.org

The Impact Of Higher Inflation On US Asset Class Returns

By Richard M. Salsman Which US asset classes perform best or worst amid periods of high inflation (6% or more)? Answer: commodities perform best, while bills perform worst. It’s commonly recognized that bonds are not a good inflation hedge – and they aren’t – but less recognized is that equities also fail in this regard; […]
Richardm Salsman Jay Powell Class Returns Fed Chairman Jay Powell Figure Three Figure Four

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