Economy

Paul Keating: Only a reckless government would raid super for housing

Paul Keating 2b Nick Walker LLLL

Countries get one chance in history of putting into place a savings retirement scheme on the scale of the Australian superannuation… Paul Keating The Sydney Morning Herald The right conditions had to be there: a government which saw the need, a policy-induced surge of productivity to pay for it and an… The system is the envy of the developed… Paul Keating: Only… Read More »

Empire 2.0 is dangerous nostalgia for something that never existed

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Hopes that post-Brexit Britain can boost Commonwealth trade is ill-founded Those countries have moved on… David Olusoga The Guardian When Lord North, prime minister at the time of the American revolution, received the news that British forces had lost the war, and with it the… Empire 2.0 is… Read More »

Reunited Cyprus’ property compensation bill

Achilleas Demetriades 1a LLLL

His vast legal experience in displaced persons’ property cases before Strasbourg-based EU courts have prompted Nicosia lawyer… Annie Charalambous in-cyprus “Because, at the end of the day, one has to think for himself and decide whether he/she is part of the solution or part of the problem… “I am not an economist, but I adopted a model on an X and… Reunited Cyprus’ property… Read More »

G20 finance ministers drop anti-protectionist pledge

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Finance ministers from world’s biggest economies have dropped an anti-protectionist commitment after opposition from the… BBC G20 ministers left the two-day meeting without renewing their long-standing pledge to bolster free… Last year, the group of the world’s 20 largest economies vowed to “resist all forms of… G20 finance ministers… Read More »

Industry by Design?

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Industrial policies come in many shapes and sizes, but some strategies to nurture domestic firms and industries have clearly worked better than… Project Syndicate Understanding why may hold the key to creating the conditions for contemporary growth and… CAMBRIDGE – A quarter-century ago, in the wake of the Thatcher and… Industry by… Read More »

What if Sociologists Had as Much Influence as Economists?

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Walk half a city block in downtown Washington, and there is a good chance that you will pass an… NEIL IRWIN  The New York Times People with advanced training in the field shape policy on subjects as varied as how health care is provided, broadcast licenses auctioned or air pollution… Turn on cable news, and the guests who opine on the weighty public policy questions of the… What if Sociologists… Read More »

Klaus Schwab: We need a new narrative for globalization

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The world is at a historic crossroads. Market extremism, often labelled neoliberalism, which has shaped our national and global policies for the past three decades, has become a toxic fuel for the stuttering engine for… Klaus Schwab World Economic Forum It has also generated polluting side effects that are no longer tolerated by large portions… Yet market-driven globalization has… Klaus Schwab: We… Read More »

Better resource efficiency could be worth trillions, UN says

UN - Euractiv

Almost €2 trillion would be poured into the global economy every year if resource efficiency was boosted, according to a report from the United Nations Environment Programme released yesterday (16 March). Janie Matthews Euractiv The report, backed by research from the International Resource Panel, showed that efficient use of the world’s natural resources will mean big money for the next generation, who could see the €2 trillion by 2050. A programme in… Better resource efficiency… Read More »

2 big banks raise alarm over Toronto housing ‘bubble’

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Housing price surge of 23% in a year can’t continue, BMO and TD… Pete Evans CBC News Two big banks are waving red flags about Toronto housing prices, calling them “simply unsustainable” and a “bubble” in separate… The Canadian Real Estate Association said this week that average house prices across the Greater Toronto Area hit $727,300 in February, a… 2 big banks… Read More »

Is China becoming a responsible global power?

Asia Times

Reading pronouncements by Chinese leaders and officials in recent days, one may have the impression that it is not the United States or any other powers, but rather China that is becoming the main global force for stability, security, and prosperity. Xuan Loc Doan Asia Times In his Report on the Work of the Government March 5 to the National People’s Congress (NPC), the one-party country’s parliament, Li Keqiang stated twice that China is a “responsible country.” It was apparently… Is ... Read More »

Greece: A Democracy in Crisis

Greece - Gatestone

The Greek people have just about reached the limits of their strength. Maria Polizoidou Gatestone Institute The economic situation is tragic. Illegal immigration is… Greece: A Democracy… Read More »

Stagnating Turkish Tourism Looking For Alternative Source Markets

Tr selfie 1a LLLL

Turkish tourism has been stagnating for the past… TourismReview The industry has been suffering for many reasons. Safety concerns, political instability and terrorism are some of the issues connected to the fall of the once top summer… However, all may not be lost just yet, as Turkey aims to revive its main source markets like Russia, as well as concentrate on new… Stagnating Turkish Tourism… Read More »

The case for cash

Cash - Asia Times

Two possible drawbacks of high-denomination bills are discussed by Kenneth Rogoff in his book. James McAndrews Asia Times There is another side to this argument. Cash is an… The case for… Read More »

Does monetary policy still matter?

Monetary - Asia Times

Economic data suggests that the transmission mechanism between monetary policy and the real economy is extremely loose, if not completely broken David P. Goldman Asia Times Whether the Federal Reserve raises the overnight rate to 1% from 0.75% tomorrow rather than at its May meeting, as expected earlier, is a matter of compelling interest in the financial world. It shouldn’t be — not the way in which… Does monetary policy… Read More »

Why the world should embrace globalization

Asia Times

Globalization means different things to different people. Ken Moak Asia Times For this article it is defined in economic, geopolitical, cultural and social terms. The economics part… Why the world… Read More »

China: Trade war will only bring ‘pain’

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China on March 11 warned the U.S. against launching a trade war, saying that both countries would suffer if U.S. President Donald Trump follows through on his… BEIJING – Agence France-Presse Hurriyet The billionaire politician has repeatedly accused China of using unfair trade policies to steal jobs from the US, threatening to… “A trade war is not in the… China: Trade war… Read More »