Economy

Book Review: The Meritocracy Trap by Daniel Markovits

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In The Meritocracy Trap, Daniel Markovits argues that rather than aiding social mobility, the concept of meritocracy has become the single greatest obstacle to equal opportunities in the United States today. This provocative book marshals extensive evidence to show the tenacity of meritocracy’s narrative pull and how easy it is to get entangled in its logic, writes Phil Bell, […]

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    How economists view the policy response to the Covid-19 crisis so far

How economists view the policy response to the Covid-19 crisis so far

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A panel of experts discusses the interaction between containment measures and economic activity, and the need for investment to support the medical response to the health emergency, writes Romesh Vaitilingam.

Just two weeks ago, the likelihood of a major US recession as a consequence of the public health challenge was still in doubt. In the past few days, the number […]

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    Corporations must help eradicate Covid-19 and facilitate social change

Corporations must help eradicate Covid-19 and facilitate social change

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Businesses have the opportunity and the moral imperative to help solve social problems, starting with Covid-19, writes Paul Klein.

Earlier this week, 30 chief executive officers of Canada’s largest corporations urged every leader in the country to immediately shift focus to the singular objective of slowing the pace of transmission of the coronavirus. By sharing four key actions, their companies […]

March 28th, 2020|Economy, Paul Klein|0 Comments|
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    Why an emergency Universal Basic Income makes sense during the Covid-19 pandemic

Why an emergency Universal Basic Income makes sense during the Covid-19 pandemic

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Aside from the human cost, the Covid-19 pandemic is expected to have massive negative effects on the worldwide economy. Soomi Lee writes that the introduction of an emergency Universal Basic Income would help reduce the effects of the expected downturn and provide some financial security for people by immediately giving all adult Americans $1,000, regardless of their circumstances. 
The Novel […]

March 24th, 2020|Economy, Soomi Lee|0 Comments|
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    Economic policy under the coronavirus: an unconventional challenge

Economic policy under the coronavirus: an unconventional challenge

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An unprecedented, innovative and internationally coordinated policy response is needed, writes Muhammad Ali Nasir.

The COVID:19 (aka coronavirus) is hitting all aspects of human civilisation, including the global economy and international financial system. The outbreak of the pandemic has led to a sharp reduction in economic activity and turmoil in the financial markets. Its adverse economic impact is being felt […]

The future of work: opportunities for a gender new deal

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Basic income debates seem directed towards a genderless, universal citizen, ignoring the potential to challenge the resiliently gendered division of paid and unpaid labour, writes Sarah Ashwin.

Advances in artificial intelligence (AI) have sparked renewed fears regarding the future of work. One widely discussed solution to this perceived problem is a universal basic income (UBI), provoking debates about the justice, […]

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    Over 150 years of data show that trends in UK and US house prices have little in common.

Over 150 years of data show that trends in UK and US house prices have little in common.

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In new research, Giorgio Canarella, Luis A. Gil-Alana, Rangan Gupta and Stephen M. Miller look at trends in UK and US house prices going back more than 150 years. While on the surface house price trends on both sides of the Atlantic look quite similar, by using a new modelling technique, they find that there are […]

Putting sustainable finance into practice

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Many initiatives have been launched to provide businesses with answers and help them navigate expectations, writes Christine Chow.

Ensuring that their investment portfolio contribute to the long-term sustainability of the planet is one of the key challenges organisations face today. That means adopting prudent financing and a thoughtful investment strategy. But how can financial sector players go about doing that? […]

February 29th, 2020|Christine Chow, Economy|0 Comments|
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    Americans start caring more about deficits and the national debt when the party they oppose runs them up.

Americans start caring more about deficits and the national debt when the party they oppose runs them up.

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In the past two decades, US budget deficits have skyrocketed, and the national debt is now over $22 trillion. But do Americans care about the size of deficits and the national debt? In new research, John V. Kane and Ian G. Anson find that people tend to care more about the deficits and debts when they are increased by […]

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    Book Review: The Globotics Upheaval: Globalization, Robotics and the Future of Work by Richard Baldwin

Book Review: The Globotics Upheaval: Globalization, Robotics and the Future of Work by Richard Baldwin

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In The Globotics Upheaval: Globalization, Robotics and the Future of Work, Richard Baldwin provides a new analysis of how automation and globalisation could together shape our societies in the years to come. Drawing on numerous examples to keep readers engaged from cover to cover, this book is a tour de force, writes Wannaphong Durongkaveroj, discussing the past, present and future of globalisation and […]

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