Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Sachs’

Austria #13 at World Happiness Report 2017

Posted by hkarner - 20. März 2017

World Happiness Report 17_3-20-17

 

The World Happiness Report
2017
, which ranks 155 countries by their happiness levels, will be released today at the United Nations at an event celebrating International Day of Happiness. The report, the fifth one to come out since 2012, continues to gain global recognition as governments, organizations and civil society increasingly use happiness indicators to inform their policy-making decisions. In addition to the rankings, this year’s report includes an analysis of happiness in the workplace and a deeper look at China and Africa.

 

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The Three Trumps

Posted by hkarner - 2. März 2017

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Navigating the New Abnormal

Posted by hkarner - 5. Februar 2017

Absolutely essential reading! (hfk)

Date: 03-02-2017
Source: Project Syndicate

sierakowskiSlawomir Sierakowski, founder of the Krytyka Polityczna movement, is Director of the Institute for Advanced Study in Warsaw.

sachsJeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, and, most recently, The Age of Sustainable

The Trump administration lacks both a global strategy and anyone who could formulate and implement one. And unless anti-populists in general – and the center left, in particular – face up to some hard realities, the menace of a rogue US will only grow.

The Populist Backlash

SS: You’ve written that Brexit and Trump are the same phenomenon. Do you think the populist wave that lifted both will spread further?

JS: I think societies everywhere are very divided. Whether it’s 51-49 or 49-51, we are not seeing landslide wins for populism, but rather a reflection of deep social divisions. And, yes, I think we’re going to see more of this, because there are so many anxieties that we don’t seem able to overcome.

Even the foundations of foreign policy are giving way. The Middle East crises are the result of America’s failure and fading global power, which are part of the social anguish many voters feel. Likewise, Brexit reflects a collapse in belief in the postwar order in Western Europe, which was forged during the Cold War but has now basically disintegrated.

SS: You attribute populism to four factors: rising nationalism, the weakening of American foreign policy, the crisis of the center left, and the refugee crisis. Yet you’re an economist. So what about economics? Den Rest des Beitrags lesen »

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Why Millennials Will Reject Trump

Posted by hkarner - 3. Februar 2017

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Learning to Love a Multipolar World

Posted by hkarner - 1. Januar 2017

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Investment for Sustainable Growth

Posted by hkarner - 1. November 2016

Photo of Jeffrey D. Sachs

Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Director of the UN Sustainable Development Solutions Network. His books include
The End of Poverty, Common Wealth, and, most recently, The Age of Sustainable Development.

OCT 31, 2016 Project Syndicate

NEW YORK – The big disappointment in the world economy today is the low rate of investment. In the years leading up to the 2008 financial crisis, growth in high-income countries was propelled by spending on housing and private consumption. When the crisis hit, both kinds of spending plummeted, and the investments that should have picked up the slack never materialized. This must change.

After the crisis, the world’s major central banks attempted to revive spending and employment by slashing interest rates. The strategy worked, to some extent. By flooding capital markets with liquidity and holding down market interest rates, policymakers encouraged investors to bid up stock and bond prices. This created financial wealth through capital gains, while spurring consumption and – through initial public offerings – some investment.

Yet this policy has reached its limits – and imposed undeniable costs. With interest rates at or even below zero, investors borrow for highly speculative purposes. As a result, the overall quality of investments has dropped, while leverage has risen. When central banks finally tighten credit, there is a real risk of significant asset-price declines. Den Rest des Beitrags lesen »

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America’s True Role in Syria

Posted by hkarner - 31. August 2016

Photo of Jeffrey D. Sachs

Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Director of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, and, most recently, The Age of Sustainable Development.

AUG 30, 2016, Project Syndicate

NEW YORK – Syria’s civil war is the most dangerous and destructive crisis on the planet. Since early 2011, hundreds of thousands have died; around ten million Syrians have been displaced; Europe has been convulsed with Islamic State (ISIS) terror and the political fallout of refugees; and the United States and its NATO allies have more than once come perilously close to direct confrontation with Russia.

Unfortunately, President Barack Obama has greatly compounded the dangers by hiding the US role in Syria from the American people and from world opinion. An end to the Syrian war requires an honest accounting by the US of its ongoing, often secretive role in the Syrian conflict since 2011, including who is funding, arming, training, and abetting the various sides. Such exposure would help bring to an end many countries’ reckless actions.

A widespread – and false – perception is that Obama has kept the US out of the Syrian war. Den Rest des Beitrags lesen »

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Why ISIS Persists

Posted by hkarner - 6. Juli 2016

Photo of Jeffrey D. Sachs

Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Director of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, and, most recently, The Age of Sustainable Development.

JUL 5, 2016, Project Syndicate

NEW YORK – Deadly terrorist attacks in Istanbul, Dhaka, and Baghdad demonstrate the murderous reach of the Islamic State (ISIS) in Europe, North Africa, the Middle East, and parts of Asia. The longer ISIS maintains its strongholds in Syria and Iraq, the longer its terrorist network will create such carnage. Yet ISIS is not especially difficult to defeat. The problem is that none of the states involved in Iraq and Syria, including the United States and its allies, has so far treated ISIS as its primary foe. It’s time they do.

ISIS has a small fighting force, which the US puts at 20,000 to 25,000 in Iraq and Syria, and another 5,000 or so in Libya. Compared to the number of active military personnel in Syria (125,000), Iraq (271,500), Saudi Arabia (233,500), Turkey (510,600), or Iran (523,000), ISIS is minuscule. Den Rest des Beitrags lesen »

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The Meaning of Brexit

Posted by hkarner - 28. Juni 2016

Photo of Jeffrey D. Sachs

Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Director of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, and, most recently, The Age of Sustainable Development.
 

JUN 25, 2016, Project Syndicate

NEW YORK – The Brexit vote was a triple protest: against surging immigration, City of London bankers, and European Union institutions, in that order. It will have major consequences. Donald Trump’s campaign for the US presidency will receive a huge boost, as will other anti-immigrant populist politicians. Moreover, leaving the EU will wound the British economy, and could well push Scotland to leave the United Kingdom – to say nothing of Brexit’s ramifications for the future of European integration.

Brexit is thus a watershed event that signals the need for a new kind of globalization, one that could be far superior to the status quo that was rejected at the British polls.

At its core, Brexit reflects a pervasive phenomenon in the high-income world: rising support for populist parties campaigning for a clampdown on immigration. Roughly half the population in Europe and the United States, generally working-class voters, believes that immigration is out of control, posing a threat to public order and cultural norms. Den Rest des Beitrags lesen »

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Financing Health and Education for All

Posted by hkarner - 1. Juni 2016

Photo of Jeffrey D. Sachs

Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Director of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, and, most recently, The Age of Sustainable Development.

MAY 31, 2016, Project Syndicate

NEW YORK – In 2015, around 5.9 million children under the age of five, almost all in developing countries, died from easily preventable or treatable causes. And up to 200 million young children and adolescents do not attend primary or secondary school, owing to poverty, including 110 million through the lower-secondary level, according to a recent estimate. In both cases, massive suffering could be ended with a modest amount of global funding.

Children in poor countries die from causes – such as unsafe childbirth, vaccine-preventable diseases, infections such as malaria for which low-cost treatments exist, and nutritional deficiencies – that have been almost totally eliminated in the rich countries. In a moral world, we would devote our utmost effort to end such deaths. Den Rest des Beitrags lesen »

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