5 Things Friday
1. NEW REPORT RANKS SUCCESSFUL ECONOMIES IN CHINA
Best-Performing Cities China
The Milken Institute's inaugural Best-Performing Cities China report delivers a comprehensive, data-driven framework for exploring the economies of the Asian giant’s urban areas. Our index weighs job and income growth, gross regional product, foreign direct investment and the strength of high value-added industries in 266 cities.
2. CHART GALLERY
Trade Finance: A Catalyst for Growth in Asia
Most members of the Association of Southeast Asian Nations rely heavily on banks for funding. The Milken Institute report Trade Finance: A Catalyst for Growth in Asia demonstrates that a resilient banking network with strong geographic coverage is key.
3. QUOTE OF NOTE
Wisdom in the Workforce
A new Milken Institute report, Wisdom in the Workforce: Unlocking the Economic Value of Asia’s Aging Population, evaluates crucial skill shortages in five countries: China, India, Japan, Singapore, and South Korea. We identify ways to harness the abilities of the mature workforce, detailing policies and practices to allow older workers to expand their contributions to the success of their countries.
4. SMART READS
U.S. Labor Markets Data Show Strength
Two readings on U.S. labor markets depict an economy that remains on track for continued expansion. The first, Job Openings and Labor Turnover Survey (JOLTS), showed that job openings surged to 5.8 million in July, the highest level since the survey was introduced in 2000. Other JOLTS components demonstrated additional tightening in labor markets.
5. VIEWS YOU CAN USE
Finding Humanity in Europe’s Refugee Crisis
It is hard to understand why countries with some of the highest per-capita incomes in the world are unwilling to open their doors to those in need, people who share the dominant religion of the Gulf Cooperation Council countries. If Jordan, with a population of about 6.5 million and GDP per capita of under $5,500, can take in more than 620,000 refugees, then other countries can step up. Jordan, as well as Lebanon, which itself has received nearly 1.2 million refugees (20 percent of its population) are at the breaking point. Europe and the Gulf nations should extend a helping hand for as long as needed.