In an October 24 commentary, Organization for Economic Cooperation and Development economist Andrew Mold predicted that non-OECD countries would account for a majority of the world’s GDP by 2030.
An October 22 Gallup poll found that governmental barriers to entrepreneurship were greatest in Latin America, followed by Sub-Saharan Africa.
Also on October 22, the European Union published updated data on government debt as a share of GDP in its member countries.
On October 20, Eurostat announced publication of a new statistical portrait of the European Union compared to the rest of the world.
In an October 18 speech, Czech Republic President Václav Klaus was highly critical of the International Monetary Fund, calling it, “a barbaric relic from the Keynesian and fixed-exchange rate era.”
Also on October 18, the McKinsey Global Institute released a study of economic growth in Europe. It urges further labor market reforms, deregulation of the service sector, and increased investment in research and development.
On October 14, the European Central Bank published a 478-page book detailing monetary policy in the euro area.
In an October 12 commentary, University of California, Berkeley economist Barry Eichengreen and Dartmouth economist Douglas Irwin said that the best way to avoid a trade war is for the Federal Reserve to do more to expand the money supply.
In an October 10 post, economist Tim Duy expressed concern that further quantitative easing by the Federal Reserve will disrupt the international exchange rate regime that has existed since the Plaza Accord in 1985.
On October 1, the Congressional Research Service updated its periodic report on the Chinese currency problem.
I last posted items on this topic on October 12.
Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column at The Fiscal Times. Read his most recent column here. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including the New York Times best-seller, Impostor: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy (Doubleday, 2006).
