Britain faces years of sub-par productivity growth if it does not reform housing, education, pensions and infrastructure, according to the IMF, headed by Christine Lagarde Credit: CHRISTOPHER PIKE/REUTERS Britain must make sweeping reforms to pensions, the planning system, infrastructure, education and training, and research and development if it wants to boost economic growth in the years to come, the International Monetary Fund has warned.
Productivity and GDP growth have been relatively weak since the financial crisis, compared to historical levels and relative to other rich economies.
They will stay that way unless serious action is taken.The IMF predicts annual GDP growth […]
View Original: UK economy ‘must get more efficient’, says IMF
India is a country I visit frequently; I long ago fell for its charm, its rich culture and the warmth of its people. Now, there is a vibrancy to its economy to match its undeniable spirit. It is one of the fastest growing in the world with a GDP growth of 7.8 percent (The Economist, 2018) that, in spite of some slowing down, is projected to overtake both the UK and French economies in 2018 and become the fifth largest economy in the world. Latest estimates from the World Economic Forum in Davos indicate that India’s contribution to global […]
View Original: Opinion: Challenging India’s increasing inequality – Comment,Politics & Economics,South Asia
‘It’s about co-operating. Everyone together, equally’: Helsinki, the Finnish capital. Western Europe’s last naturally caused famine ended 150 years ago this winter.
In a poor and backward part of the Russian empire called Finland, more than a quarter of a million people – nearly 10% of the population – starved to death.
Last year, on the centenary of its independence, Finland was ranked, by assorted international indices, the most stable, the safest and the best-governed country in the world.
It was also the third wealthiest, the third least corrupt, the second most socially progressive and the third most socially […]
View Original: Safe, happy and free: does Finland have all answers?
Latin America is the region with the greatest economic inequality in the world. Calculations of the humanitarian organization Ofxam, carried out in 2016, indicated that if this situation does not improve, by 2022 the richest 1% of the region would have more wealth than 99% of the remaining population.
Poverty is the main indicator of economic inequality for a country. In 2016, in Latin America it was estimated that 186 million people lived in poverty and another 61 million in extreme poverty. According to Ofxam statistics, 27% of world growth has been in the hands of the richest 1%, while […]
View Original: Latin America: Is there a solution for economic inequality?
Class name : “Inequality and Public Policy”
Taught by: Visiting Assistant Professor of Political Science Matthew Incantalupo
Here’s what Incantalupo had to say about the class: “Inequality and Public Policy” is an exploration of the relationship between policy and economic outcomes in the United States. At a glance, it’s about “who gets what,” but more specifically it’s about how feedback loop,s including political and economic forces, shape access to income, wealth, education, health, and political representation. We take a look at the current state of inequality and policymaking in the United States, the political causes and consequences of economic […]
View Original: COOL CLASSES: “Inequality and Public Policy”
Western Europe’s last naturally caused famine ended 150 years ago this winter. In a poor and backward part of the Russian empire called Finland , more than a quarter of a million people – nearly 10% of the population – starved to death.
Last year, on the centenary of its independence, Finland was ranked, by assorted international indices, the most stable, the safest and the best-governed country in the world . It was also the third wealthiest, the third least corrupt, the second most socially progressive and the third most socially just.
Finland’s judicial system is the most independent in the […]
View Original: Safe, happy and free: does Finland have all the answers?
CA Fwd President and CEO Jim Mayer testifying at Assembly Select Committee on Career Technical Education and Building a 21st Century Workforce hearing in Norco, CA (Credit: Ed Coghlan/CAFwd) There are 5 million—that’s 5 MILLION—Californians who have jobs that pay only minimum wage. As attendees listened to a California Legislature hearing held at Norco College last Friday, another striking fact really jumped out: A sizeable number of those jobs are held by people who are the main wage earner in their households.
“We have plenty of minimum wage jobs. What we need are more living wage jobs,” Assembly Member Sabrina […]
View Original: Elevate CA: It’s Not More Jobs—-It’s More Good Paying Jobs
KARACHI: The second day of the Karachi Literature Festival (KLF) featured the launch of books from a range of topics.
Remnants of a Separation, a history of Indian partition through material memory, was launched at a session in Jasmine Hall.
Author Aahchal Malhorta was joined by Naz Ikramullah, Ashraf, Shahzaz, Aizaj Uddin, and Rema Abbsi for a discussion on the book and its theme.“When you are born in India or Pakistan, you cannot escape from the impact of partition”, said Malhotra, “Official history doesn’t encompass everyone so we have to trust peoples’ memory, but memory is inherently fallible so collective memory […]
View Original: ‘Pakistanis may not like it that Mr Jinnah fell in love with a Parsi girl, but the truth must be told’
Most Americans’ greatest asset is their home. According to the Economic Policy Institute, housing equity makes up two-thirds of wealth for typical American households , and most wealth for black families is held in their primary residence . But because of segregation and structural racism, owning a home has not provided the same value and pathway for wealth creation for black Americans as it has for white Americans. Barriers to buying a home contribute to a wide homeownership gap between black and white households. According to recent research , 42.2 percent of black households owned homes in 2015 compared […]
View Original: To Equitably Connect Housing and Economic Mobility for Black Americans, Tackle Structural Racism
One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.
A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]
View Original: Education Isn’t the Key to a Good Income