Indermit Gill, director of the Duke Center for International Development (DCID) is now a contributing editor for the Brookings Institution’s Future Development blog.
On Jan. 9, Gill contributed to 2017: A year for surprise (and optimism), the first post of the New Year. In the post, Gill and other contributing editors Shanta Devarajan, Wolfgang Fengler and Homi Kharas made their predictions for what is in store in 2017. Among the highlights were:
- Economic growth will slow and climate change quicken.
- The first signs of Cold War II (and a probing testing of the U.S. and EU willingness to respond).
- Rising yields will yet again create the specter of a debt crisis, increasing reform pressures on Southern Europe, and testing once again the crisis management abilities of the EU.
- Aid is dead, long live investment.
- Global happiness will fall.
- Inequality in America will rise.
There were, however, a few positives:
- The European economy will improve.
- Universal basic incomes will be introduced in a number of countries.
- Civil wars in Syria, Iraq, Yemen and Libya will either subside or come to an end.
Read the full post here, and stay posted to Future Development to keep up with economic development trends in 2017.
The Brookings Institution is a nonprofit public policy organization based in Washington, D.C., that conducts in-depth research that leads to new ideas for solving problems facing society at the local, national and global level.