economy

September 1, 2014

The New Equality: Global Development From Robin Hood to Botswana

In the mid-1700s Europe and North America broke with thousands of years of economic stagnation. When power was spread around in society, countries began to experience sustained growth. It was also the birth of global income inequality, which continued to grow for about two centuries.
June 1, 2014

The Green Bubble: How Good Intentions Led to Giddy Speculation

We need clean energy if we are to meet the world’s growing energy needs while avoiding an environmental disaster. But a large part of the subsidies go to projects that will never be profitable.
May 1, 2014

Economic Freedom in the Eu: Mediocre Today – World Leader Tomorrow?

Five years since the outbreak of the most severe economic crisis of our time, there is widespread consensus that today’s levels of unemployment, exclusion, deficit, and debt are unsustainable and need to be addressed. Yet the ongoing debate on “austerity vs. growth” is misleading and false.
November 1, 2012

Barriers to Prosperity – Developing Countries and the Need for Trade Liberalisation

Non-tariff barriers are an important impediment to trade for less developed countries. They need to be brought to the forefront of the trade debate if developing countries are to move into the export of higher value added products.
June 1, 2012

The Shadow Economy

Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size.