Researcher Homi Kharas provides a thought-provoking look at five current and perplexing macroeconomic conditions: low net capital flows to developing economies, sluggish growth in global productivity, unresolvable externalities, elusive agreement about progress, and underinvestment in nutrition and education. In this brief but elucidating article, Kharas offers no new solutions, but he poses these conundrums in a way that will help readers better understand the challenges they present.
In this summary, you will learn
- Which five circumstances pose critical challenges to the global economy and
- What core difficulties characterize each situation.
About the Author
Homi Kharas is interim vice president and director of the Global Economy and Development Program at the Brookings Institution.