I’m always on the lookout for ideas that can get broad bipartisan support and, you know, address actual problems. So thanks to The Economist’s Ryan Avent for a great piece on what to do for those left behind by globalization. Read the whole thing, but let me highlight this bit: So rather than attempting to seed clusters, governments could instead focus on spreading know-how in order to increase the attractiveness of laggard regions to productive firms. Improving the investment climate in struggling areas could help. In 2015 the Economic Innovation Group, an American think-tank, published a report by two economists—Jared Bernstein, a Democrat, and Kevin Hassett, a Republican, who now heads Mr Trump’s Council of Economic Advisers—which proposed a way of doing just this.
By: James Pethokoukis, AEIdeas
Read the full article here.