But there is disagreement among economists and business leaders about what will change. Will inflation remain high over multiple years? Will asset prices correct and deleveraging occur? Or is the global economy heading for a period of higher productivity and growth?
However, “short of a major escalation such as a full blockade, which is unlikely given the costs to China’s own economy, these actions will not fundamentally put Taiwan’s autonomy or economic growth at risk,” he said. If Taiwan is blockaded, that could cost ...
Theis a sustainable way to reuse and regenerate materials often found in technology, which is not only environmentally friendly but can be an economical solution. As more technology enters the economy, we need to get the most from what is already in the cycle. This system strives to keep mat...
Donald Trump's election victory marks a historic return to the White House – an extraordinary political comeback that is likely to have seismic ramifications for the global economy. The former president's litany of campaign pledges include steep tariffs, tax cuts, deregulation and a push to with...
How much is one living blue whale worth in the fight against climate change? A lot more than you may think, says financial economist Ralph Chami. He explains the value of bringing the language of dollars and cents to conservation -- ...
the elderly, we can create a more compassionate and supportive society that values the dignity and worth of all its members, regardless of age.In conclusion, recognizing the significance of elderly people is essential for building a...
Yet one lesson consistently emerges through the scientific fog: The current economic fallout from climate change is nothing compared to what the planet faces if temperatures continue to rise. Here are some of the major economic, environmental and social effects experts say the U.S. and other coun...
Fashion is also serious business. In 2023, the global industry’s estimatedworth was $1.7 trillion. And more than 300 million people from all over the world work on clothes somewhere along the value chain. From 2000 to 2014,clothing production doubled, and the number of garments purchased per...
Espey, Molly, Nair, Santosh, "Automobile Fuel Economy: What Is It Worth?" Contemporary Economic Policy, Vol. 23, No. 3, July 2005, pp. 317323.Espey, M., and S. Nair (2005): "Automobile Fuel Economy: What is it Worth?," Contemporary Economic Policy, 23(3), 317-323....
Another difference worth noting is that the training of foundational models for generative AI is “obscenely expensive,” to quote one AI researcher. Say, $100 million just for the hardware needed to get started as well as the equivalent cloud services costs, since that’s where most AI develo...