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- The Global Productivity Trends and the Changing World Economic Order By : Wolassa L. Kumo
Productivity and economic growth in advanced economies have persistently declined during the past three decades while they have accelarated in emerging economies. This may lead to a new global economic order with in the coming three decades. - The Economic Crisis Facing America and the World By : Mahfuz R. Chowdhury
Capitalism was supposed to promote prosperity everywhere through competition and not consternation or retrenchment through deception. Could it be the beginning of the end of capitalist system that the U.S. has been practicing and want others to follow? - The Role of Governments in Global Crises By : Sam Vaknin
In most countries of the world, institutions do not function, the rule of law and properly rights are not upheld, the banking system is dysfunctional and clogged by bad debts. Rusty monetary transmission mechanisms render monetary policy impotent. - Stimulus, Bailouts and Feeding the Sharks By : Szandor Blestman
This article discusses the follies of government policies as they meddle in the markets and try to solve a mess they created by throwing money at problems they shouldn't be involved in. - The President's $10,000,000,000,000 Economic Stimulus Package By : Steve Selengut
For homeowners: Cut the interest rate on all mortgage loans by 50 basis points and extend the payment schedule by three to five years. Convert all variable rate loans to fixed, at prevailing rates, and extend the payment schedule by six to ten years. No fees, points or charges tolerated. - A Quick Jolt For the Auto Economy, Plus Ten By : Steve Selengut
Every new American-made car buyer would receive a debit card along with his ownership papers. The card could be used for anything other than the car purchase itself. Card amounts would vary from $6,000 for "smart" cars, through $3,000 for fuel-efficient sub-compacts, $1,000 for other borderline greenies. - Why Some Governments Like Inflation By : Sam Vaknin
Some governments like and encourage inflation because inflation masks the true situation and makes them look good. - The Pricing of Oil By : Sam Vaknin
Who decides on the domestic price of oil and its derivatives? - Paul Krugman: The Nobelist Blogger By : Sam Vaknin
His main contributions to the discipline deal with international economics. Currency crises, he postulated, are the inevitable and rational outcomes of misguided government policies. Consumers appreciate diversity and variety of goods and services. - Financial Crisis Results from Unregulated Capitalist Greed By : Robert Taylor
The deregulations of 1998 open the door for unregulated capitalist greed. This is why we have today's financial crisis. - Do Not Invest in, Remove Business from, Collapsing Neo-Nazi 'Ethiopia' By : Muhammad Shamsaddin Megalommatis
Investment in ‘Ethiopia’ means that you will lose all your money, as the regime is collapsing. In the case of the Cemetery of Nations ‘Ethiopia’, the regime collapse will mean the dissolution of the country, which will break in at least 10 pieces. - Greece and its Investments in the Balkans: Trojan Horse or Reliable Partner? By : Sam Vaknin
The foundations of the current presence of Greece in all Balkan countries - including EU members, Romania and Bulgaria - were laid in the decade of the 1990s. - Bear Stearns and the Free Market By : Dane Smith
This article is about the recent government bailout of Bear Stearns, one of the top five investment banks in the US, by the Federal Reserve, as well as its broader implications for the economy. - Petroleum, the Triple Threat to World Economies By : Klaus H Hemsath
Global warming and climate change are caused by fossil fuel combustion. Accelerating energy consumption by China and India will increase average global temperatures 4 to 5 degrees Celsius in 2050 from those in 1900. Petroleum is the only transportation fuel. At an annual consumption of 50 billion barrels the reserves of 1 to 2.3 trillion barrels will run out in 20 to 50 years. Lack of transportation fuels will wreck economies. - The Role of Fear in This Faltering Economy By : Danna Schneider
Our president himself recently announced the economy is going through a rough patch. A combination of factors have created a very volatile stock market, housing market, increasing inflation, and a faltering job market, but one key component of a failing economy plays an intangible role in facilitating and perpetuating economic instability, and that is fear. - Central and Eastern Europe (CEE), Global Recession and Foreign Direct Investment (FDI) By : Sam Vaknin
According to UNCTAD, global FDI flows amounted to a record 1.5 trillion USD in 2007. Southeast Europe and the CIS (Commonwealth of Independent States) enjoyed robust, record-setting inflows, the seventh year in a row (up 41% on 2006 to a new record of 98 billion USD), emanating mainly from transnational corporations. Capital went to both extraction industries and privatization deals. - Macedonia vs. Unemployment - Proposal Submitted to the Government - Part VII By : Sam Vaknin
People aged 15 or more who worked for a wage (in cash or in kind) or had income during at least one hour during the reference week - Macedonia vs. Unemployment - Proposal Submitted to the Government - Part VI By : Sam Vaknin
Making more people employable at the prevailing level of wages can lower NAIRU. This should lead to a big drop in unemployment together with a tiny increase in permanent inflation. - Macedonia vs. Unemployment - Proposal Submitted to the Government - Part V By : Sam Vaknin
The world is less globalized today than it was at the beginning of the century. Job tenure has not declined (in the first 8 years of every job) and labour mobility did not increase despite foreign competition, technological change and labour market deregulation. - Macedonia vs. Unemployment - Proposal Submitted to the Government - Part IV By : Sam Vaknin
Counter-cyclical fiscal policies are lagging and as a result they tend to exacerbate the trend. Fiscal boosts tend to coincide with booms and fiscal contraction with recessions. - Macedonia vs. Unemployment - Proposal Submitted to the Government - Part III By : Sam Vaknin
The dissemination of information regarding employment practices, opportunities, market requirements, etc. should be a prime component of the activity of the Employment Bureau. - Macedonia vs. Unemployment - Proposal Submitted to the Government - Part II By : Sam Vaknin
The principle governing any incentive scheme intended to encourage employers to hire hitherto unemployed workers must be that the employer will get increasing participation in the wage costs of the newly hired formerly unemployed workers – more with every year the person remains employed. - Macedonia vs. Unemployment - Proposal Submitted to the Government - Part I By : Sam Vaknin
A limited amnesty should be declared by the state on violations of worker registration by employers. All employers should be given 30 days to register all their unregistered and unreported workers – without any penalty, retroactive or prospective (amnesty). - Foreign Direct Investments (FDI) - Pros and Cons By : Sam Vaknin
Several studies indicate that domestic investment projects have more beneficial trickle-down effects on local economies. Be that as it may, close to two-thirds of FDI is among rich countries and in the form of mergers and acquisitions (M&A). All said and done, FDI constitutes a mere 2% of global GDP. - Income Disparities are on the Rise By : Gina-Marie Cheeseman
Since President George W. Bush took office in January 2001 the income disparities between the richest and the poorest have increased. For the first time, everyone on the 2006 Forbes 400 list is was a billionaire. The 2005 Forbes 400 list contained 374 billionaires, with a combined net worth of $1.13 trillion. No new editions were added to the 2005 list. Steve Forbes, Forbes magazine publisher, did not make the list because his net worth is only $400 million. - The Economics of Expectations By : Sam Vaknin
We are in the throes of a third wave. Instead of buying and selling assets one way (as tangibles) or the other (as symbols) - we increasingly trade in expectations (in other words, we transfer risks). The markets in derivatives (options, futures, indices, swaps, collateralized instruments, and so on) are flourishing. - Lumber - An example of Canadian trade hypocrisy By : Craig Read
You have to love a country that disengages itself from reality so often. The Canadians – smug, moralistic, largely ignorant about history, economics and the world at large – declare themselves superior, intelligent and advanced. The Multi-Cult club of anti-Western, anti-American and anti-Jewish policy reigns beloved. Whole industries lie under government control to the detriment of bank accounts and morality. Boards manage all commodities excluding oil. - Budgets in Canada – No tax relief, more spend, more nonsense By : Craig Read
Unless Canada has a true right wing and a vibrant Conservative grass roots element with capital, ideas, and intelligent candidates – the socialists will forever dominate. Canada is on the wrong path in it social-political organization. Following the EU is not a smart concept. The EU contrary to inane books, media adulation and socialist tripe is an economic and social morass. - Government owns 43 % of the Economy and Counting By : Craig Read
April 2005 - Trade: Softwood Lumber disputes and Soft Canadian heads By : Craig Read
Canada illegally subsidizes its softwood lumber industry. In fact about $4 billion per annum in various taxpayer funded transfers are given to the unionized lumber industry.This is not a surprise. Canadian trade policy has always been 'managed' trade. Outside of the key auto and auto parts sectors, very little in Canada is subject to 'free trade' with the USA. - US market dynamism! By : Craig Read
Paul Krugman, arrogant heir apparent for the mantle of chief cheerleader for demand-side Keynesian nonsense wrote on December 1 in the New York Times, [also known as the Jihad Guardian]: "The last time things were this confused was early in 2001, when most economists failed to realize that the United States was sliding into recession. If that sounds ominous, it should: the bond market, which has a pretty good record of forecasting recessions, is pointing toward a serious economic slowdown ...... - The Real State of the Economy – Good or bad? By : Stephen S. Morgan
There is something about the US Economy at the moment that I for one don't get. Now it may be that being a Brit, I am a little slow on the uptake; this has been known to happen every now and then but at the moment I cannot fathom several things out. - Monetizing civil society projects By : S. Michel
Can monetizing civil society projects increase their relevance in local economies? Many NGO development projects are marginalized by their isolated applications. These exist along side local practises instead of being embedded in the social fabric. A successful project in Tanzania never sets foot in Kenya- and vice versa. Often a rural project in a village that might benefit a whole country never becomes fully mainstream on a national level.
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