This year's Nobel laureate in economics is the British-American scientist Angus Deaton. The Princeton professor's work focuses on how people - especially the poor - decide how to spend their money and how policy can help them make better decisions.
US Treasury Secretary Steven Mnuchin said allies were warming to President Donald Trump's 'America first' trade policies, but allies disagreed. Other topics discussed included the Greek bailout and cybersecurity.
Natural disasters drive tens of millions of people into poverty and also have a devastating impact on consumption, the World Bank has said. Climate change looked certain to amplify these effects, the lender argued.
…it has many opportunities. Most importantly, it has to question traditional concepts, in both the areas of economic policy and development aid, writes the great-nephew of the last Ethiopian emperor.
A renowned think tank is calling for a radical shift in solving the world's problems. Among other things, countries should slow down economic growth to only 1 percent, and promote a one-child policy. Wishful thinking?
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