In its latest World Economic Outlook, the IMF indicated that the global economy will grow faster than expected-- at 4.2% this year. China’s growth is forecast at 10% 2010, with India also at a rapid 8.8 %. Sub-Saharan Africa has weathered the crisis well and its recovery is expected to be stronger than in previous global downturns. In the depth of the crisis last … [Read more...]
Is Immigration the Answer to Stimulate the Economy?
Thomas L.Friedman makes a compelling argument in the New York Times op-ed piece, Start-Ups, Not Bailouts, for stimulating the economy through immigration: Here’s my fun fact for the day, provided courtesy of Robert Litan, who directs research at the Kauffman Foundation, which specializes in promoting innovation in America: “Between 1980 and 2005, … [Read more...]