CAMBRIDGE :The 'crisis of democracy' across Western countries is generally attributed to rising inequality, the hollowing out of the middle class, and the politics of mass migration. But another major factor is demography, especially in the...
MILAN: Disruptive technologies are rarely welcomed by workers or others with a significant stake in the status quo. Innovation requires adaptation, and adaptation is costly. Powerful incumbents’ resistance to revolutionary technologies has...
MILAN – The COVID-19 pandemic has damaged the stock of physical and human capital. Firms have postponed or cancelled investment projects, and laid-off or furloughed workers’ skills have deteriorated. The crisis, however, has boosted the...
