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From Business Day The International Monetary Fund is an immensely useful organization, able to deliver substantial amounts of financial and technical assistance at short notice to almost any place in the world. It also has the great advantage of almost always being perceived as incredibly boring. Unfortunately for the IMF, it now needs a slightly higher public profile to convince the US Congress to agree to some important reforms. The Ukrainian crisis may prove helpful, though that appears less likely now – which may be a good thing to the extent that one unintended consequence could be a loan to Ukraine that is larger than it really needs. In the realm of international economics, being perceived as boring confers power to the extent that it allows major decisions to be made without a great deal of external scrutiny. From 1918 to 1939, international economic cooperation was hard to come by … Read More »The post The importance of being boring — Simon Johnson appeared first on MIT Sloan Experts. Read the full post >
How millions of people can help solve climate change — Thomas W. Malone, Robert Laubacher and Laur Fisher
From PBS NOVA Next If there ever was a problem that’s hard to solve, it’s climate change. It’s a complex challenge requiring more expertise than any one person can possess—in-depth knowledge of the physics of the upper atmosphere, a firm grasp on the economics of technological innovation, and a thorough understanding of the psychology of human behavior change. What’s more, top-down approaches that have been tried for decades—like efforts to pass national legislation and to negotiate international agreements—while important, haven’t yet produced the kind of change scientists say is needed to avert climate change’s potential consequences. But there’s at least one reason for optimism. We now have a new—and potentially more effective—way of solving complex global challenges: online crowdsourcing. Millions of people around the world can now work together online to achieve a common goal at a scale and with a degree of collaboration that was never before possible. From … Read More »The post How millions of people can help solve climate change — Thomas W. Malone, Robert Laubacher and Laur Fisher appeared first on MIT Sloan Experts. Read the full post >