Cashless Economies Raise Ethical Concerns About Inclusion

October 04, 2021

The global health crisis has led to an increase in going out cashless due to fears of transmission of the coronavirus. Yet this has had an adverse impact on social and economic inclusion. It has also exacerbated the so-called “digital divide” over who has access to the internet and can buy...

The Daily Devil’s Dictionary: For a “Healthy” Economy

March 19, 2018

The health care crisis doesn’t only affect humans. It affects the economy. As the game of real-world empires evolves, with Pax Americana showing signs of waning and Chinese power rising, The Economist points to a serious failure of the Trump administration. President Donald Trump appears to...

How to Reduce Uncertainty and Increase Investment

August 23, 2016

The best way to avoid stagnation induced by uncertainty is for governments to look at the road ahead. Interest rates are low, so it should be attractive for companies to borrow and invest in new products and markets. But American companies are not doing that. Instead, they are spending about...

The World This Week: Global Economy in Trouble as Markets Tumble

January 24, 2016

The sharp fall in markets worldwide indicate that rising prices induced by the munificence of central banks can no longer keep going up. On January 20, markets tumbled from Tokyo and Dubai to London and New York. Three concerns torment investors. First, the slowing Chinese economy terrifies...

The World This Week: Global Economy Has a Great Fall

August 29, 2015

A slowdown in China is making the world economy wobble and will lead to declining trade, growth and returns to capital. Soon after the fall of the Berlin Wall and the collapse of the Soviet Union, Francis Fukuyama published The End of History and the Last Man. He proclaimed: “The end point of...

Why Are Interest Rates So Low?

July 22, 2015

A lack of consensus on a policy prescription keeps interest rates lower for longer. The global economic environment of recent memory has been unusual to say the least. Persistently low and even negative interest rates have failed to spark an adequate revival in economic fortunes as growth...

The New Politics of Globalization

May 25, 2015

How can democracy be reconciled with globalization, asks former Irish Prime Minister John Bruton? In his book, Supercapitalism: The Transformation of Business, Democracy and Everyday Life, Robert Reich argues that the technologies developed to fight the Cold War — computers, software,...

We Shouldn’t Be Worried About China’s Slowing Growth

May 04, 2015

China's growth rate of 7% today means something even more positive than its 12% growth rate in 2005. What does China’s growth slowdown mean to you? I ask here not about the New World Order, global power shifts or whether the United States retains its position as a global hegemon. Nor do I...

Remittances Play a Dual Role in Developing Economies

April 03, 2015

Remittances play a vital role in spurring economic development and providing financial assistance to those in need. Western Union’s distinct yellow and black signs litter small towns across America. One of their largest customer bases are migrants who regularly visit their local Western Union...

Data Dependency and Murky Waters for the Fed

March 29, 2015

Economic data points to September 2015 as a good time for the US Federal Reserve to increase interest rates. Dominating the news headlines has been the US Federal Reserve’s (Fed) timeline for raising interest rates from the current range of 0% and 0.25%. The Federal Open Market Committee...

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