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The trouble with 'bubble': Why Canada's red-hot housing market is defying the burst

The trouble with 'bubble': Why Canada's red-hot housing market is defying the burst
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

New York , United States , British Columbia , United Kingdom , City Of , San Francisco , New Zealand , Adam Vaughan , Enrico Moretti , Tiff Macklem , Justin Tang , Darryl Dyck , Anthony Scilipoti , John Pasalis , Fred Lum , Chang Tai Hsieh , Rob Carrick , Stephen Brown , Mike Moffatt , University Of California , Organization For Economic , International Monetary Fund , Merrill Lynch , Ivey Business School , Veritas Investment Research , University Of Chicago ,

Economic Diversification in Africa: How and Why It Matters

Carnegie Endowment for International Peace
Source: Getty
Summary: Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
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Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also ma ....

United States , United Kingdom , Sri Lanka , Noord Holland , National Bureau Of Economic Research , New York , South Africa , Carnegie Endowment For International Peace , District Of Columbia , Columbia University , International Institute , City Of , Equatorial Guinea , Saudi Arabia , World Bank , Republic Of South Africa , J Peter Neary , Ralf Ruhwedel , Michael Ferrantino , Francisco Garfias , Fuad Hasanov , Francesco Trebbi , Harinder Kohli , Roberto Alvarez , Young Eun Kim , Heiko Hesse ,

What Biden's plan to tackle housing prices is missing

What Biden’s plan to tackle housing prices is missing
Vox.com
4 days ago
Jerusalem Demsas
© Doug Mills/Getty Images
US President Joe Biden speaks in the State Dining Room of the White House.
Voters, frustrated by astronomical rents and home prices, might be ready to force local governments to do something about the state of the housing market.
Whether President Joe Biden feels the same is another question.
According to a new poll by Vox and Data for Progress, a majority of likely voters say they’d support withholding federal money from cities and states that prevent more affordable types of housing from being built. ....

United States , New Jersey , The White House , District Of Columbia , Yonah Freemark , Enrico Moretti , Phil Tegeler , Barack Obama , Joe Biden , Michael Andersen , J Scott Applewhite , Jenny Schuetz , Chang Tai Hsieh , Brookings Institution , Community Development Block Grant , Race Research Action Council , University Of Chicago , Sightline Institute , National Urban League , State Dining Room , Getty Images , President Joe Biden , Silicon Valley , President Barack Obama , Urban Institute , Surface Transportation Block Grant ,

How to convince a NIMBY to build more housing

How to convince a NIMBY to build more housing
A new Vox and Data for Progress poll indicates voters increase support for building more homes when presented with an economic case for it.
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Cory Clark/Getty Images
Convincing Americans to build more housing is the only way to begin solving the national housing crisis. A new Data for Progress/Vox poll suggests one way to convince them: say it will help the economy.
The poll, conducted February 19-22 among 1,551 likely voters, found that making a strong economic case for changing zoning laws to allow for the construction of multifamily homes may be able to shift voters’ opinions. Zoning changes were net 10 percentage points more popular when paired with an economic case than with a racial justice argument, with fewer voters opposed. ....

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Creating jobs by helping small and medium firms understand labor law

Creating jobs by helping small and medium firms understand labor law
If you are going to go with a one-word title for your paper or talk, Chang-Tai Hsieh’s keynote entitled “Jugaad” is definitely a much more interesting and memorable one than most. Jugaad is a colloquial Hindi term that he defined as “an innovative fix or workaround by bending rules”, and he used it to describe how firms would get around burdensome regulations, particular those surrounding labor law. My impression with talking with firms in several countries has often been that they indeed find workarounds to regulations that on paper look like they could be costly. For example, I remember talking with the owner of a garment firm in Sri Lanka, and asking how he dealt with regulations that, starting at a firm size of 15 employees, made it harder to fire workers. The owner replied “I never need to fire them, if there is someone I want to have leave, I assign them to clean the toilets and do other s ....

South Africa , Sri Lanka , South African , Sri Lankan , Marianne Bertrand , Chang Tai Hsieh , Endline Employment , South African Treasury , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , மரியான் பெர்ட்ராண்ட் , சாங் தை ஶியெ ,