Hey there, savvy readers! Harvard's own Gregory Mankiw, the Robert M. Beren Professor of Economics, recently dropped a truth bomb on CNN by calling US tariffs "large-scale economic malpractice." His point? These tariffs stir up uncertainty and freeze investment decisions, creating a tricky atmosphere for businesses.
From tech startups in Singapore to buzzing hubs in Bangalore and Jakarta, many young professionals see this uncertainty as a major hurdle to innovation and scaling up. When policies shift unexpectedly, it’s like hitting the pause button on progress — something no one really needs in our fast-paced world. 🚀
As economies grow more interconnected, even decisions made in one part of the globe can send shockwaves worldwide. Mankiw's perspective is a wake-up call for policymakers to rethink strategies that support innovation and stability in our global market. Stay tuned for more global insights! 💡
Reference(s):
Harvard professor: US tariffs are large-scale economic malpractice
cgtn.com
