London:- THE Bank For International Settlements (BIS) has issued a stark warning that the global economy has become too dependent on consumerism and excessive foreign-currency debt.
The risks to both developed and emerging economies are thus a combination of a … Read the rest
It’s time economists focused on the social gradient
IT is depressing that almost all economists ignore health and well-being when they analyse economies
Instead of just growth, inflation, and monetary and fiscal policy, they should monitor the social gradient. This is basically the difference in social well-being; income … Read the rest
Innovative economic policies for the 21st century
New strategies needed to tackle challenges of ageing, globalisation, and as robots take on human jobs, writes Neil Behrmann
Unlike rapid advances of technology and medicine, developed nation economic policies are stuck in a quagmire. Innovative, lateral thinking strategies are … Read the rest
Tackling the Curse of High Unemployment
WESTERN and emerging nations require common-sense policies and lateral, innovative thinking to combat the curse of high unemployment.
Dated macro monetary and fiscal policies have not worked in the new high-tech robot age of artificial intelligence, so much so that … Read the rest