source: OECD, open-thinking.com Global growth has experienced what economists call a ‘structural break’: the centre of growth is moving steadily toward final demand in the developing world. This is a profound change. Unlike most episodes of broad growth in middle- and low-income economies, the developing world’s growth today is not limited to one region. It […]
Monthly Archives: September 2010
Income equality and commitment to secondary education
source: World Bank, IMF, open-thinking.com The 50 countries above have annual income per capita of USD 5000 or greater. Correlation does not equal causation. But there’s sure some intuitive sense here. On balance, why would the rich pay for the education of other people’s children? Sure, plenty of enlightened ones would know this is sensible. […]
Open-thinking.com in the EIU
The article appears to be freely available.
Northern Europe to the rescue
It’s the UK, Greece, Spain and Ireland that have withdrawn demand support from the EU27. GUKIS? Their combined imports from fellow EU27 economies at the top of the boom (2006) were 657 billion euros. In 2010, that figure is likely to be 546 billion euros, making a decline of 112 billion euros or 17%. Where […]