Facing aging populations with fewer younger workers to support pensioners, industrialised countries are considering policies to encourage older employees to work longer, particularly since people have longer life expectancies, says the New York Times.
Western European countries are particularly at risk; by 2050, most European countries will have one worker per
Some of today’s most powerful and influential people believe that a utopian world is within our grasp. But Foreign Policy contributor William Easterly asks: Is this new fondness for utopia just harmless, inspirational rhetoric, or are utopian ambitions the best way to help the poor?
Utopianism the political orientation of
The dollar is the world’s number one reserve currency. However, recent changes in the economic world may change that. A new article from the Economist argues that the euro may eventually equal the dollar as a reserve currency or even surpass it.
Reserve currencies need to have a home economy
Fisheries throughout the world are on the verge of collapse. This is due to a classic problem: an open access resource is being overexploited. The way to save fisheries is with property rights, says Ronald Bailey.
Fisheries are under pressure, because no one has an incentive to protect their health and
Tito Mboweni, Governor of the SA Reserve Bank, recently lamented the harmful consequences of the labour laws that he himself introduced as Labour Minister. If the Government were to heed his calls for labour law reform they would empower the individual and reduce unemployment, both of which would benefit
Third world debt relief may be in sight according to the Economist. The authors argue that debts owed by the world’s poorest countries are unpayable. These nations are servicing their obligations, but only because debtor institutions offer them new grants and loans to help them repay their old ones.
This recycling
