Deciphering economics is about more than just understanding the system itself
Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research facilities. Neuroscience – the science of how the brain, that physical organ inside one’s head, really works – is beginning to ch...
France and Germany are running out of time in stalling Greece’s default
The Greek government needs to escape from an otherwise impossible situation. It has an unmanageable level of government debt (150 percent of GDP, rising this year by 10 percentage points), a collapsing economy (with GDP down by more than seven percent thi...
The US has always had its doomsayers, but its current challenges are perfectly surmountable
The United States is going through difficult times. Its post-2008 recovery has slowed, and some observers fear that Europe’s financial problems could tip the American and world economy into a second recession. American politics, moreover, remains gri...
For the first time the future of the global economy lies in the hands of poor countries
Perhaps for the first time in modern history, the future of the global economy lies in the hands of poor countries. The United States and Europe struggle on as wounded giants, casualties of their financial excesses and political paralysis. They seem conde...
The process of balance-sheet repair – while not completed yet – is underway
The outlook for the global economy in 2011 is, partly, for a persistence of the trends established in 2010. These are: an anaemic, below-trend, U-shaped recovery in advanced economies, as firms and households continue to repair their balance sheets; a str...
The debt-to-GDP obsession is driven by inattention and misinformation
Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say. But the public often overreacts to such talk. Consider, for example, the debt-to-GDP ratio, much in the news nowadays in Eu...
When does family business become crony capitalism?
Big economic crises often cause iconic companies to falter. Rupert Murdoch’s media empire is a model of the modern global enterprise. A particularly dynamic and innovative business model came from outside and took over central aspects of British and...
TOTVS has come a long way since its foundation in 1983. The group consistently tries to stay ahead of the game with pioneering products and solutions for its customers and proves over and again that it stands out from the crowd. Eleni Chalkidou reports
“Share the new world” simply states the new energetic slogan from Brazilian software solutions developer TOTVS. It is with this novel concept that TOTVS has launched its new brand and institutional campaign in a bold move to spread brand awareness thr...
There are enough sustainable resources for much bigger national economies
People talk as if we can only use energy and materials one way: we take fossil fuels from the ground, use them up, and when they are gone our world will end. We mine metals and other essential substances, and when they are finished, so are we.Science says...
The Arab Spring has sprung; but if mistakes of the past are repeated it could become another Arab Stagnation
The G8 recently asked the European Bank for Reconstruction and Development, which was created to support the post-communist transitions to democracy and market economies in central and eastern Europe, to put its experience to use in Egypt. But which lesso...
234.1% of GDP, pariah of debt markets, but with hopes for a healthy twelve months ahead
197.5%, hard-hit by the tsunami, and reeling from the internal corruption allegations
142.8%, possibly heading for default, and considered one of many eurozone bad boys
133.8%, deceptively, has a strong banking sector, but little more in an ailing economy
126%, hopelessly indebted banks and very little light at the end of a long and gloomy tunnel
119% of GDP, in need of reform, paying over 7% for its debt thanks to technocratic leadership
106%, to many an idyllic investment destination, a great borrower, repayer, and long term option
101%, no government for most of 2011 didn’t help a weak economy in dire need of stimulus
90%, high but it’s recovering from a long and protracted revolution and aiming high
82%, stronger countries like Germany are contaminated by the weakest. It could go on…