The Nobel laureate puts it in plain and palatable terms: the challenge of creating a sustainable global economy is monumental because, if the global economy grows at 3% over the next few years, getting annual CO2 emissions down to 2.5 metric tons per person within the next 20 years would require carbon intensity to decline by 7.8% per year (with zero growth, a 4.8% annual decline would be needed).

We had a similar article last week. Worth repeating with this one as the “de-growth” trend - i.e. embracing zero or even negative GDP growth - is gaining traction (at least in the richest countries).

From 1990 to 2008, annual growth in world trade was 82% faster than world GDP growth.

This is almost a month old, but worth posting now and read against the background of what came out of Davos (our subscribers can request our Davos report - it will be available on Monday).

The Morgan Stanley global strategist/author offers 10 predictions for the next decade. Interesting not because of their predictive value, but because they may force us to rethink some assumptions.

This is an in-depth essay about the defining economic and geopolitical issues of our time. It is much longer than our usual selection (reads in more than 30 min) but worth your time.