Many people look at Europe and refuse to believe it can function efficiently in a globalised information economy. Europeans are listening to a degree.
In Germany, Social Democratic Chancellor Gerhard Schroder is increasingly pursuing the siren song of capitalism. In response, he brought his country the “Third Way”
Statistical averages tend to indicate that the entire Third World is improving economically but averages can be deceiving. When we investigate the official numbers they show that life spans are increasing, literacy is up, incomes are growing and a host of other good things are happening. However, on closer analysis
Some Mexican companies are shipping thousands of low-wage jobs to Asia due to soaring costs. And although wage rates in Mexico are lower than in the United States, low productivity and higher costs for electricity and raw materials make it increasingly economical to manufacture some goods in the U.S., rather
Despite the fact that the supposedly conservative Republicans control the White House, the House of Representatives and 30 governorships, the U.S. is now in the midst of the biggest government-spending spree since LBJ, critics point out.
The social welfare budget has expanded more in just two years ($96 billion) under
To what degree were the monetary policies of U.S. Federal Reserve Chairman Alan Greenspan responsible for the unprecedented levels of growth and remarkable performance in the 1990s? Economist Gregory Mankiw applauds those policies, but argues they need to be placed in a larger context.
To begin with, Mankiw points out that
Most workers in the U.S. economy are awarded pay increases based on job performance. And in response to the law of supply and demand, employers bid competitively for the services of hard-to-find specialists.
But the U.S. National Education Association (NEA) seems never to have heard of such outlandish arrangements. The NEA
American federal politicians have been hauling out the repeatedly discredited accusations that the major oil companies have been manipulating petroleum markets in order to boost gasoline prices and enhance their profits.
But economists advise politicians to look at themselves in the mirror when they throw around accusations of “profiteering.” The fact
Seemingly protected by some of the stiffest gun restrictions in the world, Europeans have discovered recently that they are not immune from mass killings in which guns are employed. No longer are such incidents confined to supposedly gun-toting America.
Recent mass killings often with politicians as the targets have
Do a company’s governance rules make a big difference in shareholder returns? Some economists who believe it does created a “Governance Index” built out of 24 distinct corporate governance provisions relating to defences against take-overs of the corporation and shareholders’ rights for an average of 1,500 firms from September 1990
