Video

Should We Put a Price on Water?


Video

Is Climate Change Too Big for Business?



Top of Mind

On the Other Hand

What’s happening to the global economy? Dozens of equity markets have fallen into bear territory. There’s solid job growth in the U.S., but China is struggling to avoid a hard landing. The Fed is confident enough to raise interest rates, but oil prices have crashed.

The atmosphere is one of profound uncertainty. “What makes these falling prices unnerving,” the New York Times says, “is that it’s hard to tell a simple story about what is driving them.”

What’s the worst-case scenario? “We might be at the edge of a global recession,” said Citibank’s Christian Schulz on Bloomberg. In the fourth quarter of 2015, global growth approached the 2% mark—and central banks have few options remaining. “It’s a vulnerable situation.”

The drop in equity markets may simply be a needed correction, the Economist noted. But, the magazine wrote elsewhere, “whether the market gyrations are rooted firmly in fundamentals or not, they could themselves be a source of economic instability…. A recession, after all, is nothing more than a rut of self-ratifying pessimism.”

Feature
Opinion
Q & A
Research

Recent Insights


Video

How Global Should India Be?



Research

Why Good Advice Is Often Bad



Video

What's Next for the Eurozone?




Contributors


Marian Chertow
Associate Professor of Industrial Environmental Management, Director of the Program on Solid Waste Policy & Director of the Industrial Environmental Management Program

Herminia Ibarra
Cora Chaired Professor of Leadership and Learning, INSEAD

Zeev Neuwirth
Vice President of Clinical Effectiveness and Physician Affairs, Harvard Vanguard Medical Associates/Atrius Health

Stuart Patterson
President and COO, RAMP

Jeffrey L. Bewkes
Chairman and CEO, Time Warner

Andrew Metrick
Deputy Dean & Michael H. Jordan Professor of Finance and Management

Álvaro Uribe
Former President of Colombia

Catherine Smith
Commissioner, Connecticut Department of Economics and Community Development

Steven Carples

Marc Speichert
Chief Marketing Officer, L'Oréal

Latest Tweets

What’s nature worth? A new study offers a framework for valuing natural capital. Via

12 hours 37 min ago

High-deductible health plans aim to turn patients into consumers. New evidence that they’re not working as expected.

13 hours 11 min ago

Would full employment unravel a series of economic woes? Is there a full-employment-productivity-multiplier?

1 day 10 hours ago

New research shows that TV ads are valuable to viewers—as a risk-free chance to look for a better show.

1 day 10 hours ago