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Prospects for sustained growth in the ASEAN single market
McKinsey has produced a new report on prospects for economic growth and development in the ASEAN single market. One aspect is that the depth of intra-regional trade within the ten member group...
Behavioural economics playlist
The University of Sterling Behavioural Science Centre is curating an interesting play list of behavioural economics videos available on you tube. Click here to access:...
Has the West entered secular stagnation?
Inequality and consequences for economic growth
Following on from Tom White's recent blog on relative poverty, Robert Peston has an excellent new blog to accompany a Radio 4 programme on inequality. He examines whether the 'Great Recession' has...
Different schools of Economic thought
Africa Progress Report 2014
Inequality: The Gini Coefficient
The Gini coefficient is a commonly-used measure of income inequality that condenses the entire income distribution for a country into a single number between 0 and 1: the higher the number, the...
Factors of Production
There are only a finite number of workers, machines, acres of land and reserves of oil and other natural resources on the earth. Because most resources are finite, we cannot produce an unlimited...
Profit Satisficing and Profitability Factors
Here is an updated revision presentation on satisficing as an alternative to profit maximisation and also some of the factors affecting the profitability of a business such as Stagecoach plc - A2...
Inflation, unemployment and the Misery Index
Just as I am in the midst of teaching my AS students about macroeconomic indicators, and focusing on inflation and unemployment, up pops this piece by Linda Yueh about the latest data on those two...
Monetary Policy less powerful in recessions
Changes to key interest rates by central banks have a significant impact on economic activity during periods when the economy is expanding. Unfortunately, they seem to have virtually no effect...
China at the Cutting Edge
Perspectives on Natural Resource Curses
60 Second Adventures in Economics - The Phillips Curve
What Is a Natural Resource Curse?
The origins of the idea of the natural resource curse in economics dates back to the late 1950s and early 1960s in the Netherlands. The discovery of natural gas in the North Sea was seen at the...
Social Capital, Social Networks and Economic Development
There is increasing interest in the roles that social capital and social networks can play both in economic development and also as part of effective development policies.The sociologist Robert...
Climate Change Policies - Finding the Right Mix
There are many different market failures when it comes to understanding some of the key environmental problems and challenges of the age.
Behavioural Economics: Herd Behaviour
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