Category: Economics

Why Some Countries are Poor and Others Rich?

Why some countries are poor and others rich is a question that few have a clear answer to. While the ‘answer’ certainly isn’t straightforward, it is generally accepted that there are three main factors...

Are YOU The 1%?

Who represent that mystical 1% of humanity? They seem everywhere yet no where right? We all have a picture of what the 1% must look like. Images of fancy cars, impressive homes, yacht, private jets, designer...

The Economics of Sex

Economics is everywhere, even when it comes to sex. Supply and demand set the price in many markets, including that of the sex market, which has been ‘volatile’ in recent years. Both men and...

Local Over Global?

Is globalisation in retreat? Is a 5 day work week a thing of the past? Watch how Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management and, Director of the Heilbrunn Center for...

Should we Rethink How we Measure the Economy?

The economy today is more dynamic and complex than ever before, yet, the methods used to measure the economy were developed many years ago, when businesses produced relatively straightforward products. ”Ironically GDP may actually...

IMF Outlook for SSA

Twice a year the IMF publishes The Regional Economic Outlook: Sub-Saharan Africa. The main message in their latest edition comes down to what everyone already knows: Africa is a wealthy continent but requires more...

BRIC Era Ends as Goldman Folds BRIC Fund

BRIC ERA Ends It was 14 years ago when Goldman Sachs economist Jim O’Neill coined the catchy acronym, an acronym that is in part responsible for unleashing an incredible investment boom. With the major...

We Need to Rethink Capitalism

Do you value your friends based on their income or credit score? Probably not. Business man and philanthropist, Paul Tudor Jones, who loves and has benefited greatly from capitalism, argues that when it comes...