Economic Progress

Thanksgiving is a celebration of inequality and other must-read economics stories of the week

Shoppers enter Macy's to kick off Black Friday sales in New York November 27, 2014.

Image: REUTERS/Andrew Kelly

Jennifer Blanke
Member of the Board, Syngenta Foundation for Sustainable Agriculture
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Economic Progress

A list of some of the week’s most interesting stories on economic growth and social inclusion.

1. Facts and Figures. Global prosperity is at its highest point in a decade, according to one measure. (Prosperity.com)

2. Despite that, the latest assessment of global wealth shows that extreme inequality persists. The wealthiest 10% of the world now own 89% of all global assets (Credit Suisse).

3. The world needs more inclusive growth. Christine Lagarde has been making the point for a long time, but it remains true (Bloomberg).

4. What happens when billionaires dominate philanthropy? Charities are experiencing a decline in donations from low and middle-income households (Institute for Policy Studies).

5. Canada is rolling out national carbon pricing. Adopting the policy in British Columbia reduced emissions without any negative impact on economic growth (MIT).

6. There are ways to help small businesses beyond cutting taxes. Here are four proposals that also support inclusive growth (The RSA).

7. Problems caused by globalization are not solved by “taking back control”. They are addressed by better using the control we have always had (FT).

8. Economists are prone to methodological crazes. The latest is big data (Economist).

9. Thanksgiving is a celebration of inequality. (The Atlantic).

10. Do you know of an initiative that has successfully fostered both economic growth and social inclusion? Consider entering our contest (World Economic Forum).

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Revised figures for US Q4 growth, and other economic stories to read

Joe Myers

March 1, 2024

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