29 February 2020

Laura Tyson

a former chair of the US President’s Council of Economic Advisers, is a professor at the Haas School of Business at the University of California, Berkeley, and a senior adviser at The Rock Creek Group.
  • California's Assembly Bill 5 covers the more than 400,000 workers who drive for platform companies such as ride-sharing services Uber and Lyft. Photo: Bloomberg

    A new approach to protecting gig workers

    - Oct 25, 2019 10:05am
    In the United States and other advanced industrial economies, a growing number of workers no longer work for a single employer on a traditional contract. Instead, they earn income through a variety of “non-standard” working arrangements,...
  • US President Donald Trump has signaled that federal funding for infrastructure projects would be used as leverage to encourage public-private partnerships. Photo: Bloomberg

    How Trump could rebuild America

    - Sep 8, 2017 9:55am
    In the United States today, with partisan polarization at record levels, there is still at least one policy goal on which there is broad consensus, not only among Republicans and Democrats, but also among business and...
  • Economists say about 80 percent of the loss in US manufacturing jobs over the past three decades was mainly a result of technological change. Photo: Bloomberg

    Labor markets in the age of automation

    - Jun 9, 2017 5:14pm
    Advances in artificial intelligence and robotics are powering a new wave of automation, with machines matching or outperforming humans in a fast-growing range of tasks, including some that require complex cognitive capabilities and advanced degrees. This...
  • Digital platforms like Alibaba and Amazon enable small entrepreneurs to connect directly with customers and suppliers around the world, transforming themselves into “micro multinationals”. Photo: Reuters

    Globalization advances in a more digital way

    - Feb 9, 2017 11:44am
    Around the world, countries are rethinking the terms of engagement in global trade. This is not all bad; in fact, acknowledgement of globalization’s disruptive effects on millions of advanced-economy workers is long overdue. But new trade...
  • With digital finance, as many as 1.6 billion unbanked people – more than half of whom are women – could gain access to financial services. Photo: ITU News

    The promise of digital finance

    - Dec 15, 2016 3:16pm
    An economic development revolution lies literally in the palm of a single hand. As mobile phones and digital technologies rapidly spread around the world, their implications for economic development, and particularly finance, have yet to be...
  • Helicopter money has the advantage of putting money directly into the hands of those who will spend it, its proponents say. Photo: Internet

    Why helicopter money is not such an outlandish idea for Europe

    - Jun 27, 2016 9:16am
    Not so long ago, the notion of the European Central Bank handing out money to governments or directly to citizens – so-called “helicopter money” drops – would have seemed outlandish. But today a surprising number of...
  • Many US industries, including some of the most innovative, are dominated by a handful of large companies, some of which enjoy very large market shares. Photo: Bloomberg

    Is competition in the US decreasing?

    - May 31, 2016 8:24am
    High profits are usually viewed as a sign of a company’s economic prowess, the result of innovation and efficiency forged by healthy competition. But, as a recent report by the US Council of Economic Advisers shows,...
  • Internet users worldwide now exceed 3.2 billion, but at the end of 2015, 57 percent of the world’s population, or four billion people, remained offline. Photo: Internet

    How the developing world can tap digital globalization

    - Mar 29, 2016 9:44am
    Globalization is entering a new era, defined not only by cross-border flows of goods and capital but also increasingly by flows of data and information. This shift would seem to favor advanced economies, whose industries are...
  • Mark Zuckerbeg and Priscilla Chan have created their charitable foundation in a way that allows them to invest in advocacy, even political activity, to encourage change. Photo: AP

    Why the Zuckerberg approach to giving makes sense

    - Dec 30, 2015 9:15am
    When Facebook founder Mark Zuckerberg and his wife Priscilla Chan recently announced their plan to devote some US$45 billion in Facebook shares toward making the world a better place, some critics wrote off the move as...
  • Freelance workers don't have the protection and benefits of traditional full-time or part-time contracts. Photo: Flickr/Eric.Parker

    Worker protection in the gig economy

    - Nov 30, 2015 9:32am
    Today’s labor markets are undergoing radical change, as digital platforms transform how they operate and revolutionize the nature of work. In many ways, this is a positive development, one that has the potential to match workers...
  • If women matched men in terms of work, global GDP could increase by an estimated US$28 trillion by 2025. That is like adding another US and China to the world economy. Photo: Al Jazeera

    Why gender equality matters

    - Nov 9, 2015 10:57am
    The high cost of gender inequality has been documented extensively. But a new study by the McKinsey Global Institute estimates that it is even higher than previously thought — with far-reaching consequences. The McKinsey study used...
  • The United States is spending US$60 billion a year on state and federal prisons, up from US$12 billion 20 years ago. Photo:

    America experiments with smarter ways to combat crime

    - Sep 1, 2015 9:39am
    The United States has 5 percent of the world’s population and 25 percent of the world’s prison population – about 2.2 million people, five times as many as in 1980. One out of every 100 American...
  • Hillary Clinton is proposing a tax incentive for firms to introduce profit sharing with their employees. Photo: AFP

    Why profit-sharing programs are unpopular with US firms

    - Aug 3, 2015 9:17am
    Over the last 35 years, real wages in the United States failed to keep pace with productivity gains. For the typical non-farm worker, productivity grew twice as fast as real wages. Instead, an increasing share of the...
  • Up to 10 percent of China’s equity market cap is funded by credit – five times the average in developed economies. Photo: Reuters

    Asia performance best among emerging markets in past year

    - Jul 2, 2015 3:00pm
    Over the past year, the global economic environment changed markedly and in unexpected ways. Energy and commodity prices plunged. Growth in China (which accounts for about 40 percent of global growth) fell to its lowest rate...
  • A Google office building in Mountain View, California. Silicon Valley superstar tech companies and their VC champions populate an isolated island of prosperity. Photo: Bloomberg

    How Silicon Valley style success can be copied

    - May 4, 2015 9:55am
    Once again, California’s Silicon Valley is confirming its status as a mecca of high-tech entrepreneurship and wealth creation. But it is not a model for job creation and inclusive growth that policymakers and entrepreneurs elsewhere can...
  • US President Barack Obama has proposed making two years of community college tuition-free. Photo: Big Bend Community College

    Training revolution

    - Feb 2, 2015 3:30pm
    A highly trained workforce is a public good, crucial not only to the prosperity of workers themselves, but also to the strength of the entire economy. And, as with most public goods, the United States has...
  • President Barack Obama signs an executive order at an event marking Equal Pay Day. Women account for half of the global labor supply and about 70 percent of the world’s consumption demand. Photo: Bloomberg

    How companies can close the gender gap faster

    - Nov 3, 2014 3:09pm
    Christine Lagarde, the International Monetary Fund’s managing director, recently warned that the world risks a new “mediocre normal” of slower growth. She is not alone in her concern. Economic policymakers around the world are looking for...
  • Workers who have a direct stake in a company’s profitability are likely to be more motivated and engaged. Photo: Bloomberg

    Paying for productivity

    - Oct 6, 2014 8:52am
    One of the United States’ defining – and disheartening – economic trends over the last 40 years has been real-wage stagnation for most workers. According to a recent US Census report, the median full-time male worker...
  • Medtronic, a maker of medical devices based in Minneapolis, Minnesota, plans to acquire Irish-based Covidien and move its legal headquarters to low-tax Ireland. Photo: Bloomberg

    The inverted world of mobile capital

    - Jul 28, 2014 8:51am
    A growing number of American companies are seeking to move their legal headquarters abroad by acquiring or merging with foreign companies. In the latest case, Medtronic plans to acquire Irish-based Covidien, a much smaller company spun...
  • Large emerging economies face distinctive challenges. Photo: Bloomberg

    Sentiment and sensibility in emerging markets

    - May 5, 2014 9:13am
    Emerging market economies have experienced hard times in recent months. Net capital flows to these economies declined by an estimated US$122 billion, or about 9.6 percent year on year, in 2013, and fell sharply again during...