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For years, economists have worked to develop a way of measuring general well-being and comparing it across countries. The main metric has been differences in income or gross domestic product per person. But economists have long known that GDP is an imperfect measure of well-being, counting just the value of goods and services bought and...
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Every industrial revolution – even as it brings disruptions – ultimately delivers more jobs, opportunity and progress, connecting people even more closely to the world around them. The invention of the steam engine reduced the need for raw human strength, canal systems and horses, as well as the blacksmiths who cared for them, but it...
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Images from: freepik.com Technological advances in artificial intelligence (AI) promise to be pervasive, with impacts and ramifications in health, economics, security and governance. In combination with other emerging and converging technologies, AI has the potential to transform our society through better decision-making and improvements to the human condition. But, without adequate risk assessment and mitigation,...
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Today elected representatives take the tough decisions about public finances behind closed doors. In doing so, democratic politicians rely on the advice of financial bureaucrats, who, often, cater to the political needs of the elected government. Politicians rarely ask voters what they think of budget options. They are no better at explaining the reasons for...
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Indonesia, currently the 18th-largest economy in the world, is experiencing remarkable economic growth. After the Asian Financial Crisis of the late 1990s halted a booming economy fostered by the Suharto government, Indonesian macroeconomic indicators started to come back on track in the mid 2000s. Although the Asian Financial Crisis had disastrous consequences (especially on the poorer urban segments...
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Indonesian President Joko Widodo and Prime Minister Shinzo Abe Source : Japan Times
Indonesian President Joko Widodo and Prime Minister Shinzo Abe Image Source : Japan Times Indonesia’s economy is in a stronger position as it enters 2018, bolstering President Joko Widodo as the nation gears up for elections. Having notched up growth above 5 percent in every quarter so far this year, the economy is forecast by the government to...
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