Penn World News Today

Subramanian envisions Indias growth potential, projecting an $55 trillion economy with 8% growth. He emphasizes the significance of policy reforms, formalisation, and digital infrastructure in sustaining economic momentum towards a prosperous future. Subramanian further says: "We cannot afford a lost decade like we had from 2004 to 2014 and we also need to double down on reforms."

Penn’s Liz Magill was the first Ivy League president felled by the turmoil over campus antisemitism. But the cracks in its foundation are far deeper.

This week's links include part 2 of an interview with Lant Pritchett, three e-books of advice for students and faculty, reproducibility of macro data, and more...

Rising inequality and firms’ market power pose challenges to the aims of inclusive growth and shared prosperity. Nevertheless, growth and equity need not be mutually exclusive. This column argues that economic dynamism is crucial for achieving sustained growth and more equal market outcomes. It shows that countries that experienced faster growth over the last four decades have

Richard Baldwin, Rikard Forslid For decades, human capital research has relied on measures of schooling (Mincer 1984, Mankiw et al. 1992). But proxying human capital with schooling assumes that being in school translates into learning. Evidence suggests that this is often not the case (Pritchett 2013). Recent analysis reveals that six out of ten adolescents worldwide cannot meet basic proficiency levels in maths and reading (UNESCO 2017). This gap between schooling and learning is particularly ...

Natalia Martín Fuentes, Isabella Moder 05 February 2021 The COVID-19 pandemic is an unprecedented shock to the global economy and its potential scarring effects are thus difficult to predict. This column presents estimates of the long-term impact of past crises, suggesting that past epidemics and other exogenous shocks did not cause scarring effects, while the negative impact of financial crises on the long-term level of potential growth tends to be persistent. However, unlike previous ...

Joe Biden’s longtime ties to Penn As the nation prepares for its 46th president to take office Wednesday, Jan. 20, Penn Today reflects on the lasting impact he’s had at the University. For years, President Elect Joe Biden has visited campus, sharing his vast experiences with the Penn community—an invaluable opportunity for so many. For 10 years, Nick McAndrew made Penn his home. He graduated medical school, finished residenc...