Found 2 article(s) for author 'sustainable development'

Is There a Goldilocks Solution? “Just Right” Promotion of Labor Mobility

Is There a Goldilocks Solution? “Just Right” Promotion of Labor Mobility. Lant Pritchett, December 2016, Paper, “Relaxations of rich country restrictions on the mobility of low-skilled labor is far and away the single most potent policy change to raise incomes of people now living in poor countries. But this just isn’t on the post-2015 Sustainable Development Goals agenda or the agenda of any development actor. The reason why is seemingly obvious: rich country voters don’t want it. In this policy essay we take issue with that explanation in two ways. First, a naïve explanation of the global agenda as determined by the “polled opinion of the median voters” (of whatever countries) is an empirically poor model.Link

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A Real Estate Boom with Chinese Characteristics

A Real Estate Boom with Chinese Characteristics. Edward Glaeser, Andrei Shleifer, October 2016, Paper, “Chinese housing prices rose by over 10 percent per year in real terms between 2003 and 2014, and are now between two and ten times higher than the construction cost of apartments. At the same time, Chinese developers built 100 billion square feet of residential real estate. This boom has been accompanied by a large increase in the number of vacant homes, held by both developers and households. This boom may turn out to be a housing bubble followed by a crash, yet that future is far from certain. The demand for real estate in China is so strong that current prices might be sustainable, especially given the sparse alternative investments for Chinese households, so long as the level of new supply is radically curtailed.Link

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