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US economist weighs in on globalisation
News, Poramet Tangsathaporn, Published on 19/01/2024
» Globalisation may have been viewed as a powerful force for worldwide economic growth. However, according to Eric S Maskin, Adams University Professor at Harvard's Department of Economics in Cambridge, Massachusetts, its evolvement has also brought several economic challenges, especially a rise in income inequality and market failures due to carbon emissions.
Inequality needs tackling on multiple fronts, says Nobel economist
Asia focus, Erich Parpart, Published on 13/02/2017
» Asian countries have not done enough to reduce income inequality, and governments have to step up efforts to train their unskilled workers while providing better education to their least advantaged citizens to improve income generation, says a Nobel Prize-winning economist.