Edinburgh anti-globalisation protests, by Sam Fentress, under a CC-BY-SA-2.0 licence
How should the European Union react to the decision of the British people to withdraw from the union? This is the question that has been at the centre of the political debate in Europe since the Brexit vote. Paul De Grauwe outlines a future scenario in which the EU could succeed after Brexit. He contends the […]
Google driverless car at intersection, by Grendelkhan, own work, under a CC BY-SA 4.0, via Wikimedia Commons
Introduction
Following the financial crisis in 2008, central banks in the UK and other developed countries have attempted to inject extra liquidity into the market through asset purchases and low interest rates. Economic theory predicts inevitable hyperinflation, overheating, and currency crashes. Today, inflation rates […]
Flasks, by Republica, under a CC0 licence
Of all the new technologies that have emerged since the Second World War, biotechnology is notable in the extent to which US-based firms, having taken the lead at the start, continue to dominate the world market. Why has it been so difficult for other countries to catch up?
Biotechnology in this context refers to […]
Photo by Fabian Mohr (CC-BY-SA-2.0)
The recent discussions about CETA, the trade agreement between Canada and the European Union, focused almost exclusively on two questions. They are important but certainly not the most fundamental ones. In this article I first discuss these two questions and then turn to the more fundamental question of how far we should push globalisation.
The first question […]
Strip coal mining, by Stephen Codrington, under the Creative Commons Attribution 2.5 Generic licence
The election on 8 November of Donald Trump as President of the United States has created great uncertainty about future American policies on energy and climate change. President-Elect Trump has in the past made a number of public statements questioning the existence of climate change, even claiming […]
Blue Angels maneuvers, Kaneohe Bay Air Show 2010, by Lance Cpl. Tyler L. Main, Public Domain, via Wikimedia Commons
We don’t lead alone. We lead with others. The days of the ‘Great Man’ theory of Leadership – where one sole leader rules over the masses from their ivory tower, are long gone.
Some of us quite literally lead with another person – […]
US flag, by unsplash.com, under a CC0 licence
For nearly two years, unsettling comments by US presidential candidates rattled international investors. The prospect of US trade wars with China and Mexico hit global markets, already weakened by the surprising result of the Brexit referendum. The elections ended, but the financial community still cannot breathe a sigh of relief.
In order to calm […]
Donald Trump at Aston, PA September 13th, by Michael Vadon, under a CC-BY-2.0 licence
Many things have been said during this presidential campaign and many talked about the bad things we should expect from each candidate, especially Donald Trump. But I will talk about economics – just one thing that was pushed hard by Trump: trade.
America is a big country, the […]
Protest at ECB headquarters, by JIP, own work, under a CC BY-SA 3.0 licence or GFDL, via Wikimedia Commons
The November 2016 expert survey of the Centre for Macroeconomics (CFM) and the Centre for Economic Policy Research (CEPR) invited views on a recent report by the German Council of Economic Experts (Sachverständigenrat), which argues that the current monetary policy of the European […]
Photo by unsplash.com, under a CC0 licence
Diversity and gender equality programmes are now a well-established feature of leading employers’ human resources strategies. Supporting women to remain in the workplace and achieve senior leadership positions is regarded increasingly as not just ‘right’ but also profitable – there is a business case for creating and maintaining a diverse workforce.
However, the focus in […]
© Copyright Martyn Pattison and licensed for reuse under this Creative Commons Licence
The LSE Growth Commission was set up in 2012 to provide authoritative and evidence-based policy recommendations that target sustainable and inclusive long-term growth in the UK. In 2013 the Commission published a Report, Investing for Prosperity: A Manifesto for Growth, which focused on three main areas where […]
Drill sergeant, by Defence Images, under a CC-BY-SA-2.0 licence
An independent trade policy presents both challenges and opportunities. The most important challenge would be to reach a new trade agreement with the European Union (EU). The UK has yet to decide what relationship with the EU it wants following Brexit. But whatever it chooses, the government’s ability to achieve its goals will […]
Photo by Daniel Guimberteau (Flickr, CC-NC-SA-2.0)
Depression is a leading cause of disability worldwide. Previous research has shown that by far the greatest contributor to the overall economic impact of depression is loss in productivity; including both increased absenteeism and presenteeism-related costs in the workplace. However, there is very little research on the costs of depression outside of Western and high-income countries.
We used data […]
Western Balkans, by Olahus, own work, under a CC BY-SA 3.0 licence, via Wikimedia Commons
It is now more than quarter of a century since the demise of socialist economies in Europe was put in motion by the fall of the Berlin Wall. In many parts of Central and Eastern Europe, the transition from socialist planning to market capitalism is all but […]
Home, by George Hodan, Public Domain
Increasingly, people who work for the good of humanity speak the language of business (G8, 2014). Social impact reporting has become best practice for many social enterprises, which use metrics such as ‘social return on investment’ as a means of quantifying their success. ‘Social impact’ can be seen as the social sector analogue of ‘profit’ in […]
Barista smiling at counter, by mendhak, under a CC-BY-SA-2.0 licence
Membership of the European Union (EU) has direct effects on the UK labour market via the free movement of labour and the contribution of immigration to GDP, the fiscal budget and productivity. It also has indirect effects via the impact of trade flows and foreign direct investment on aggregate economic activity.
But […]
London, by jo.sau, under a CC-BY-2.0 licence
The new UK Government under Prime Minister Theresa May has committed to boosting UK productivity and addressing the widening wealth gap. Achieving all this will require the right investments by both the public and private sectors at a time of heightened economic uncertainty.
The UK Government could improve economic growth by taking advantage of negative […]
Chinese high-speed train, by Scott Meltzer, Public Domain
The rate of growth in technological innovations in China has increased significantly in the past two decades (see Figure 1). What’s more, it is widely believed that the ability to learn from foreign technology and chase the global technological frontier relatively quickly has been a key contributor to China’s growth miracle (Van […]
One thing I love about this city…, by torbakhopper, under a CC-BY-2.0 licence
The 21st century has seen a growing recognition of the importance of cities in the world: not only does over half of humanity live in cities, but cities contribute 60 per cent of global GDP, consume 75 per cent of the world’s resources and generate 75 per cent […]
Hinkley Point A power station, by Rick Crowley, under a CC BY-SA 2.0 licence
One of the first decisions taken by Theresa May as prime minister was to delay deciding on the £18 billion Hinkley Point nuclear power project. Because it was a centrepiece project as part of former chancellor George Osborne’s “Golden Age” of closer bilateral ties with China, the […]
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