Innovation in the U.S. has been stagnant for ten years and the government isn't doing enough to boost the sector, which is risking the economic recovery, Edmund S. Phelps, professor of political economy at Columbia University, told CNBC Friday.
Job creation should be put at the heart of the economic recovery plan as the negative impact of high unemployment is worsening, a report by the research arm of the International Labour Organization (ILO) said.
The sovereign debt crisis, wrecking havoc on some periphery euro zone member states, could turn out to be a positive for many core European counties, Karen Olney, chief European equity strategist at UBS, told CNBC Wednesday.
Investors can get exposure to the Chinese economy with fast growing, small-cap companies with strong balance sheets such as China Metal Recycle and Sinoref Holdings, Brook Mcconnell, president of South Ocean Management, told CNBC.
The Federal Reserve is running the risk of replaying the disaster movie that led to the credit crisis by keeping monetary policy loose for too long, but there is still a serious risk of a double-dip recession, Stephen Roach, non-executive chairman at Morgan Stanley, told CNBC Tuesday.