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Globalisation and the Elephant Chart
The FT’s Chris Giles reports on a study by the Resolution Foundation that shows that globalisation does not appear to have hurt the lower middle classes in wealthy countries
China and the New Industrial Revolution
This is a hugely important and timely paper on the fast-changing Chinese economy which is perfect for second year Economics students with a real interest in the Chinese transition debate. There is...
The Chasm in Youth Unemployment Rates in Europe
This remarkably pertinent and thoughtful article from the Guardian contrasts two regions of one single market - Calabria (Italy) and Bavaria (Germany) which have vastly different rates of youth...
Why Chinese cities will drive the next phase of their growth
The economics of urbanisation, agglomeration economies and other network effects are explored in this article which argues that Chinese cities with a critical mass of middle-income consumers will...
Martin Wolf on threats to globalisation
Martin Wolf talks here about some of the themes in a major article he has written for the Financial Times on de-globalisation.
Beyond GDP? Welfare across Countries and Time
Two economists at Stanford University in the USA have published a new paper in the American Economic Review surveying an alternative to GDP per capita as a benchmark for economic welfare.
Harnessing FDI in Africa
Professor John Sutton from the London School of Economics discusses how African countries can attract foreign direct investment (FDI) and why it's crucial for creating jobs. Professor Sutton has...
Stiglitz on Seven Reforms to Save the Euro
In his new book on the structural problems undermining the European single currency project, US economist and Nobel prize winner Joseph Stiglitz argues that a number of reforms are needed in order...
Can Africa sustain progress in cutting extreme poverty?
The global macroeconomic headwinds have moved against many sub Saharan African commodity exporters in the last few years as the terms of trade have deteriorated following a fall in world prices....
New evidence on financial cycles
Financial cycles are long – on average twice the length of business cycles. At the same time, there is substantial heterogeneity of national cycles across G-7 countries, ranging from very similar...
During the 1980s, US wage inequality increased sharply while college education expanded strikingly. Are these two historical episodes unrelated? A new study by Theodore Koutmeridis, presented at...
How donations to charity can increase business profits
Firms can earn significantly higher profits when they tie sales of their products with a donation of 5% of their gross revenues to charity. That is the central finding of experimental research by...
Roughly a quarter of the difference between Germany and Spain’s employment rates is the result of different preferences for working in the two countries. That is the central finding of research by...
New evidence on labour market hysteresis
The longer you're unemployed, the less likely you are to find a job.
Globalisation's discontents
New survey evidence that the low skilled in rich countries and the high skilled in poor countries have most negative attitudes to multinationals
The Hartz Reforms and the German Economic Miracle
Labour market reforms that reduced unemployment benefits, improved public job intermediation and relaxed regulations on temporary help agencies or marginal employment have been key to the German...
Professional football teams struggling against relegation are much more likely to get the result they need on the last day of the season in countries with higher levels of corruption. For example,...
Famine and the Savings Ratio - Evidence from China
The experience of the Great Famine of 1959-61 is an important part of the explanation for the strikingly high level of household savings in China today. That is one of the findings of research on...
Brexit and Income Inequality
Wage inequality was partly behind the vote for Brexit. In this short video, Brian Bell argues that the costs of Brexit should be evaluated in terms of income distribution.
Commercial banks and capital requirements
What are capital requirements, and can they prevent future crises? This short video features Professor David Miles.
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