HOMEMASS MEDIAXavier in the NewsRecession-Proofing Asia
02 October 2015
Recession-Proofing Asia
Mass media - News Sala i Martín
The Diplomat
  
 

Tags: Asia | Competitiveness | WorldEconomicForum

Asia’s economic resilience is set for some more severe tests, including the threat of higher U.S. interest rates and another China shock. But according to the World Economic Forum (WEF), the region need not look too far afield in learning how to strengthen itself for future challenges.

[...]

“The new normal of slow productivity growth poses a grave threat to the global economy and seriously impacts the world’s ability to tackle key challenges such as unemployment and income inequality. The best way to address this is for leaders to prioritize reform and investment in areas such as innovation and labour markets; this will free up entrepreneurial talent and allow human capital to flourish,” Columbia University economics professor Xavier Sala-i-Martin was quoted saying by the WEF [...]

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