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CAMBRIDGE  —  At the heart of development economics lies the idea of “productive dualism”. The economists who founded the field of development economics, such as the Nobel laureate Caribbean economist W. Arthur Lewis, noted that poor countries’ economies are split between a narrow “modern” sector that uses advanced technologies and a much larger “traditional” sector

CAMBRIDGE  —  I wrote recently about the possible emergence, from both the left and right of the political spectrum, of a new economic-policy paradigm that could supersede neoliberalism. The new framework gives governments and community organisations greater responsibility to shape investment and production, in support of good jobs, the climate transition, and more secure,

CAMBRIDGE  —  The specter of inflation is once again stalking the world, after a long period of dormancy during which policymakers were more likely to be preoccupied by price deflation. Now, old debates have resurfaced on how best to restore price stability.

CAMBRIDGE  —  The specter of inflation is once again stalking the world, after a long period of dormancy during which policymakers were more likely to be preoccupied by price deflation. Now, old debates have resurfaced on how best to restore price stability.