Booming corporate tax revenues, Mexico's Summit of the Americas boycott, and what U.K. students are missing out on in the post-Brexit era.
Why is Mexico's president snubbing Biden's invitation to the Summit of the Americas? "The test of belonging to the community of democracies is simple. Its proof is the degree to which an ally and partner is willing to cooperate to enhance the global commons, protect mutual values and interests and a rules-based international system, show solidarity with the peoples facing violations or constraints to their human rights, and call out democratic backsliding and authoritarianism. By embracing and providing cover to dictatorships and illiberal regimes in the Americas, López Obrador is ensuring that Mexico fails that test," writes Arturo Sarukhan. Read more |
The booming economy, not the 2017 tax act, is fueling corporate tax receipts Corporate tax revenues boomed in 2021 and some supporters of the 2017 Tax Cuts and Jobs Act argue that the big tax reductions in the bill deserve the credit. However, William Gale, Kyle Pomerleau, and Steven Rosenthal say that there is a much better explanation: Last year's strong economic growth, high inflation, and pandemic-related relief legislation increased both corporate profits and the taxes business paid. Read more |
Why post-Brexit UK should rejoin the EU's Erasmus+ exchange program The European Union's pan-continental exchange program, Erasmus+, was once a fruitful opportunity for intercultural exchange, professional development, and intellectual enrichment for the United Kingdom, and its loss has already had negative consequences for British students and scholars. Sanjay Patnaik argues that the U.K. should rejoin the program to avoid further harm. Read more |
A spotlight on emerging technology Delivering an inclusive digital future. New technologies like artificial intelligence (AI) and automation hold great promise to boost economic prosperity and raise human welfare. At the same time, these groundbreaking innovations can deepen economic and social divisions. In a new report, David Autor, Kaushik Basu, Zia Qureshi, and Dani Rodrik discuss technology’s implications for inequality globally. Deciphering the Metaverse. There is a lot of hype surrounding the concept of the "Metaverse" but also lingering questions about what the term covers, as well as concerns on privacy, security, and content moderation. A recent episode of the TechTank podcast dives into the Metaverse and the key issues at stake. A landmark international AI law. In April 2021, the European Commission submitted its proposal for a EU regulatory framework on AI. Joshua Meltzer and Aaron Tielemans outline the next steps for the AI Act as it works its way through the EU system and assess what it could mean for international cooperation on AI. |
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