Category Archive: 20. Nations

Nov 07

UK economy depends on private debt!

N.B. This is a transcript of a broadcasted conversation between the USA’s ‘Real News Network’ and the UK’s Ed Smythe ____________________________________________________________________________________ G. Wilpert: Welcome to the Real News Network. I’m Gregory Wilpert joining you from Quito, Ecuador. UK households are spending more than their income at an unprecedented rate. Record-busting levels of privately held debt …

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Oct 19

Indigo Prize – How to measure 21c GDP

The INDIGO PRIZE is awarded for the best answers to: “How would you design a new economic measure for global economies that fully acknowledges not only social and economic factors but the impact of creativity, entrepreneurship and digital skills? How should your new measure be used to improve the way we measure GDP in official statistics?” …

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Oct 09

Conglomerates’ days are over – Brexit shows the way

In the last quarter of the last century, conglomerates were all the rage – the bigger the organisation, the better – CEO Owen Green built BTR – British Tyre and Rubber – into a huge business covering engineering, packaging, materials, building products and polymers He then merged with Dunlop, Sumitomo rubber industries, Hawker Siddeley aircraft production, Nylex industrial …

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Sep 22

Trade Unions vote for Brexit

Some Trade Unions are beginning to realise the benefit of being free of the constraints placed upon the UK by the EU For example, the recent takeover of Opel/ Vauxhall by the French company PSA once would have been judged ‘a disaster’ because of expected closures and job losses: Now, the local Labour MP, Kelvin …

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Sep 02

Regional development needed

Several top business leaders are now pushing for government development of the regions as the best way to get UK productivity out of the current doldrums, back on track and closing the gap with the rest of the G7 In particular, they focus on the need to greatly improve public transport within, not between, those …

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Aug 06

MGI assess the productivity puzzle

McKinsey & Co, in particular the MGI (McKinsey Global Institute), opened their recent ‘discussion paper’ on the productivity puzzle afflicting the USA (and other developed economies) by stating: “Now, as low birth rates slow the expansion of the labour force, increasing productivity, the output we get from every hour worked, is more crucial than ever …

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Jul 31

Old measures hide new productivity?

Nowadays, the constant media refrain is: “G7 productivity growth has slowed right down – living standards will fall – inequality will rise – it’s a puzzle why” Some experts say we couldn’t keep on growing at 2% plus per annum – we’re in an era of ‘secular stagnation’ according to Larry Summers, Harvard economics professor …

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Jul 17

Opioids knock productivity

Janet Yellen, Chair of the US Federal Reserve, considers President Donald Trump’s  growth target of 3% per annum over the next five years to be “quite challenging” At present, the rate slumbers at a mere 0.5%, having been around 2% over the past decade She holds that a major factor holding down productivity growth is …

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Jun 29

Hi/ Lo productivity for Hi/ Lo wages

It’s a nation’s mix of sectors that largely determines its overall productivity and prosperity levels And some sectors are much more productive than others For example, the UK has some highly productive sectors such as manufacturing which are continually improving their (labour) productivity levels by investing in latest technology such as robotics, automation, IoTand AI …

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Jun 22

Political parties’ productivity plans

Productivity is the biggest peacetime issue facing all UK political parties – annual improvements are vital if living standards and average earnings are to be raised – so what did their recent manifestos say about it? Conservative Manifesto: Introduce a National Productivity Investment Fund – to spend £23bn by the end of the next parliament …

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