Globalisation creates losers, but studies show that it creates more wealth then it destroys. The trouble is that perhaps the gains enjoyed by the winners have not trickled down to benefit as many people as they could. And that is now becoming dangerous.
Posted on 25th July 2016 in International Trade.
If there was one industry that seemed to be more in favour of the UK staying in the EU than any other, that industry was surely tech. There was a good reason for this, because these days many tech companies have offices and staff scattered across Europe.
Paul Romer is the new chief economist at the World Bank.
Posted on 24th July 2016 in City News.
It is odd how things go in and out of fashion. Four years, or so, ago, the big debate around the economy related to austerity or not austerity. Suddenly the debate ended, it was as if there was a consensus that the austerity side had won, even though there was absolutely no evidence to […]
Posted on 24th July 2016 in General business.
Question: aren’t notes and coins rather old fashioned? Why not just abolish them altogether? And lean in close, this is all rather hush hush, but if cash was abolished, there would be another benefit to central bankers, they could cut interest rates as low as they like – all the way down to minus 10%, […]