Amid EU’s Open Borders, Workers Stay Put
Hannon, Paul. When U.K. Work and Pensions Secretary Iain Duncan Smith last week urged British businesses to give preference to British workers when filling vacancies, the response was swift and unambiguous. The major U.K. business organizations lined up to assert their need and right to employ the best person for the job, regardless of where […]
The capital flow conundrum
Dadush, Uri & Stancil, Bennett. Economists and policymakers alike tend to assume that capital should flow from rich to poor countries, but in recent years the opposite has happened. This column explains why and warns that developing countries should not assume they can or should run large current deficits simply because they are poor. The belief […]
Challenges loom for Lagarde in new IMF post
Lombardi, Domenico. The IMF has just elected the first woman to its managing directorship, and already Christine Lagarde’s new desk in Washington is piling up with folders eagerly awaiting her arrival. First folder: the Greek crisis and the IMF’s role. In an attempt to fill the European institutional vacuum, under its previous leadership the IMF […]