What if all goes wrong in Europe? How bad could it actually be? What’s the worst case scenario for the world economy, and do the twin debt crisis in the US and Europe have the potential to drag down China too?
Category Archives: Economics
The importance of Exports and Services Trade Re-evaluated
Value-added trade statistics tell another, more accurate story about who is actually exporting what in the world economy and how much they gain from it. If better statistics can contribute to better policies, then the ongoing efforts to calculate value-added trade measures should be encouraged.
Money and Trading 101
When we tighten our belts, it means that we are trying to build up our savings. We do this by spending less. But spending drives our economy. Sales create jobs. So unless Obama has a secret plan to reverse three decades of current account deficits, the Government needs to loosen its belt when we tighten ours. If it doesn’t, then millions of us will lose our shirts.