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Low shipping costs helped make capital even more mobile, increasing the bargaining power of employers against their far less mobile workers. In this highly integrated world economy, the pay of workers in Shenzhen sets limits on wages in South Carolina, and when the French government ordered a shorter workweek with no cut in pay, it discovered that
... See moreMarc Levinson • The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger - Second Edition with a new chapter by the author
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
It also meant that Chinese students began to flow into classrooms at places like MIT and Berkeley, and later into the labs where alumni of such schools often end up. As China’s economic growth took off in the early 2000s after the country was admitted to the World Trade Organization, many Chinese educated abroad took a chance and returned to China,... See more
Asterisk Magazine Issue 01 Inaugural Issue
A matter of choice: People and possibilities in the age of AI
The 2025 Human Development Report explores the intersection of artificial intelligence and human development, emphasizing the importance of people's choices in shaping equitable outcomes amid technological advancements.
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