Economy Issue

Debt-ridden and hidebound, Europe may be on the verge of a painful breakup. America is still reeling from the 2008 financial crisis. Even China and India — the new engines of global growth — seem to be sputtering these days. Worse yet, the usual wonkish prescriptions don’t seem to be working anymore. So we asked ...

545225_111229_ECONbanner5.jpg
545225_111229_ECONbanner5.jpg

Debt-ridden and hidebound, Europe may be on the verge of a painful breakup. America is still reeling from the 2008 financial crisis. Even China and India -- the new engines of global growth -- seem to be sputtering these days. Worse yet, the usual wonkish prescriptions don’t seem to be working anymore. So we asked 13 of the smartest people we know to give us their one out-of-the-box idea for fixing the global economy. Here’s what they recommend.

Debt-ridden and hidebound, Europe may be on the verge of a painful breakup. America is still reeling from the 2008 financial crisis. Even China and India — the new engines of global growth — seem to be sputtering these days. Worse yet, the usual wonkish prescriptions don’t seem to be working anymore. So we asked 13 of the smartest people we know to give us their one out-of-the-box idea for fixing the global economy. Here’s what they recommend.

stripes

stripes

  • 1. Write off the World’s Debt
    By Paul Kedrosky

  • 2. Hire Everybody
    By Diane Coyle

  • 3. Get Better Data
    By Paul Saffo

  • 4. Cut Defense Spending
    By Barney Frank

  • 5. Whip Up Inflation, Now
    By Menzie Chinn and Jeffry Frieden

  • 6. Spend $1 Trillion on the Future
    By Justin Yifu Lin

  • 7. Raise the Minimum Wage. A Lot.
    By James K. Galbraith

  • 8. Think Small
    By Vivek Wadhwa

  • 9. Tame the World’s Crazy Currency System
    By David M. Smick

  • 10. Buy More Yachts
    By Robert H. Frank

  • 11. Get Healthy, Get Wealthy
    By Esther Dyson

  • 12. Build Green Cities
    By Alex Steffen

  • 13. Take a Vacation
    By Daniel C. Dennett

Facebook|Twitter|Digg

More from Foreign Policy

A Panzerhaubitze 2000 tank howitzer fires during a mission in Ukraine’s Donetsk region.
A Panzerhaubitze 2000 tank howitzer fires during a mission in Ukraine’s Donetsk region.

Lessons for the Next War

Twelve experts weigh in on how to prevent, deter, and—if necessary—fight the next conflict.

An illustration showing a torn Russian flag and Russian President Vladimir Putin.
An illustration showing a torn Russian flag and Russian President Vladimir Putin.

It’s High Time to Prepare for Russia’s Collapse

Not planning for the possibility of disintegration betrays a dangerous lack of imagination.

An unexploded tail section of a cluster bomb is seen in Ukraine.
An unexploded tail section of a cluster bomb is seen in Ukraine.

Turkey Is Sending Cold War-Era Cluster Bombs to Ukraine

The artillery-fired cluster munitions could be lethal to Russian troops—and Ukrainian civilians.

A joint session of Congress meets to count the Electoral College vote from the 2008 presidential election the House Chamber in the U.S. Capitol  January 8, 2009 in Washington.
A joint session of Congress meets to count the Electoral College vote from the 2008 presidential election the House Chamber in the U.S. Capitol January 8, 2009 in Washington.

Congrats, You’re a Member of Congress. Now Listen Up.

Some brief foreign-policy advice for the newest members of the U.S. legislature.