How much damage does protectionism do to the world economy?
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Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts
Saturday, 28 July 2018
Migration and development
Easing the movement of people across borders is a political challenge more than an economic one
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Fighting corruption
Corruption enriches the venal, but hurts everyone else. Can it be curbed?
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The learning deficit
Lack of education holds much of the world back. Would more money help?
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Curbing disease
Across the developing world, disease causes a vast toll of avoidable suffering
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Double or nothing
Fixing failed firms should be based on economics, not revenge
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Liberating trade
How much damage does protectionism do to the world economy?
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Migration and development
Easing the movement of people across borders is a political challenge more than an economic one
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Fighting corruption
Corruption enriches the venal, but hurts everyone else. Can it be curbed?
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The learning deficit
Lack of education holds much of the world back. Would more money help?
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Curbing disease
Across the developing world, disease causes a vast toll of avoidable suffering
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Double or nothing
Fixing failed firms should be based on economics, not revenge
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Sources: “Much ado about multipliers”
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Sources: “Much ado about multipliers”
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Thursday, 19 July 2018
As inequality grows, so does the political influence of the rich
SQUEEZING the top 1% ought to be the most natural thing in the world for politicians seeking to please the masses. Yet, with few exceptions, today’s populist insurgents are more concerned with immigration and sovereignty than with the top rate of income tax. This disconnect may be more than an oddity. It may be a sign of the corrupting influence of inequality on democracy.
You might reasonably suppose that the more democratic a country’s institutions, the less inequality it should support. Rising inequality means that resources are concentrated in the hands of a few; they should be ever more easily outvoted by the majority who are left with a shrinking share of national income.
Indeed, some social scientists think that historical expansions of the franchise came as governments sought credible ways to assure voters that resources would be distributed more equitably. Daron Acemoglu and James Robinson argue that in the 19th century governments across the West faced the threat of...Continue reading
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David Solomon will be the new CEO of Goldman Sachs
LAME-DUCK periods can last for only so long. It was clear beforehand that a Goldman Sachs earnings call this week would be packed with questions about succession. When would the chief executive, Lloyd Blankfein, step down? (He had said in March he was leaving, but gave no date.) What would his departure mean for the firm’s other over-achievers? Several had already decamped, including Harvey Schwartz, the bank’s co-president and co-chief operating officer. Left as heir-apparent was the man he had shared both jobs with, David Solomon, but with no hint of when his elevation would take place.
On July 17th Goldman ended the speculation by confirming the choice of Mr Solomon as CEO and saying that he would take over in October, earlier than predicted. Quarterly results presented that day by Martin Chavez, the chief financial officer, who is thought to be in his own succession battle to replace Mr Solomon, beat forecasts. Still, the share price sagged....Continue reading
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