Australia turns its back on Davos
No government minister and barely any big-ticket CEOs: either Australians don’t want to interrupt their summer, or the World Economic Forum is losing its cachet.
Stay updated with breaking news from Michael Spence. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
No government minister and barely any big-ticket CEOs: either Australians don’t want to interrupt their summer, or the World Economic Forum is losing its cachet.
CAMBRIDGE — Behavioural economists have popularised the term “recency bias” to describe our tendency to be disproportionately influenced by the latest events compared to earlier ones. Could this cognitive phenomenon explain why numerous analysts have a rather optimistic tilt for the world economy in 2024? Or are there really positive trends counterbalancing the obvious and
A. Michael Spence, distinguished visiting fellow at CFR, provides a global perspective on the changing landscape of labor and economic productivity. Sharon Block, professor of practice and executive …
In a world that is becoming fragmented within and across countries, it is easy to lose hope for social and economic progress.
CAMBRIDGE — The Western-led global economic order had a bad 2023. Surprisingly, the primary cause was not the emergence of an alternative order led by China, as some had anticipated. Instead, it was internal stress that led to more doubts around the world about its effectiveness and legitimacy.