Economics & Marginalia: May 3, 2024 | Center For Global ...

The most important essay I read in the last month is by Lant Pritchett. He asks why the scarcest economic resources—entrepreneurial ability and technical talent—are going into automating an abundant resource: cheap labor. In the developed world, labor is expensive because of policy restrictions, and it is neither efficient nor equitable to use scar... See more

The very success of economic growth in the Digital Age has laid several traps for an unwary world. The world economy is producing vast wealth, but failing in three other dimensions of sustainable development. Inequalities are soaring, in part because of the differential effects of digital technologies on high-skilled and low-skilled workers. Enviro

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