Milken Institute Review Third Quarter 2016
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Richard Reeves and Isabel Sawhill, both senior fellows at the Brookings Institution, dispute the widespread conviction that the opportunity to move up the socioeconomic ladder through hard work is alive and well in America. Former New York Times reporter Larry Fisher brings us up to date on the economics and politics of carbon capture and storage as a means of slowing climate change. University of California, Berkeley economist Barry Eichengreen reconsiders the uses (and abuses) of government controls on international capital movements. Columbia University Senior Fellow Frank Rose casts a gimlet eye on what Harvard Business School prof Clayton Christensen's "disruption theory" – an explanation for why rich, seemingly well run corporations have a way of getting knocked off by upstarts. Former USAID chief economist steve radelet takes the measure of slackening buoyancy in emerging markets. Our own Ross Devol and Sindhu Kubendran document the economic consequences of the reality that two-thirds of the victims of dementia in America are women. LetterOne Chairman Mikhail Fridman and Institute for New Economic Thinking Chairman Anatole Kaletsky explore the difficulties emerging-market countries are having in rekindling growth. Buenos Aires-based consultant Javier Ekboir revisits the view that Southeast Asia is the template for economic development in the late-starters. Former Bank of England head Mervyn King offers an ambitious plan for preventing the next financial collapse.