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Europe Has Nothing to Fear but Fear Itself
By Klaus Schwab, Dec 14th 2012 The eurozone will not break up. The price of departure is simply too great for any one country. Indeed, when Mario Draghi announced on 6 September that the European Central Bank (ECB) would undertake
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Global Wage Report
Global wages remain far below pre-crisis levels, says a new United Nations report, which points to a continuing slowdown in developed countries alongside increases in emerging economies. The Global Wage Report 2012/13, released on December 7th by the International Labour
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Norway’s Prime Minister Jens Stoltenberg: Need to see Renewed Growth in the EU
On Monday Dec 10th Norway’s Prime Minister Jens Stoltenberg hosted a working lunch for EU leaders who will be in Oslo to attend the Nobel Peace Prize Award Ceremony. The economic situation in Europe had been chosen as the theme
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European Commission: Helping SMEs Seize Global Opportunities
The priority for Europe now is to overcome the crisis boosting competitiveness and growth. Fast growing emerging markets such as China, India, Russia and Brazil, with strong growth rates and potential represent significant opportunities for EU companies. Exports outside the
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Janamitra Devan: The Innovation Imperative
Overcoming the Myths and Recognizing the Realities of Innovation, Job Creation and Prosperity By Janamitra Devan Innovation drives competitiveness, and maximizing competitiveness is indispensable to achieving sustainable job creation. Any economy with a weak innovation capacity will see its competitiveness
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Hitting the Middle Classes by Taxing the Rich
The Paradox of Taxation The latest tax figures from Britain make interesting reading. Her Majesty’s Revenue and Customs reported a 60% fall in the number of taxpayers declaring an income of over £1 million a year during the 2010-2011 tax
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What has the Internet Done for the Economy?
The puzzling spread of the commercial Internet could explain wage inequalities. By Virginia Hughes. Based on the research of Christopher Forman, Avi Goldfarb and Shane Greenstein. It is hard to overstate how much the business world relies on the Internet. Powerhouse
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IMF | Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries
Executive Summary The already sluggish global recovery has suffered new setbacks and uncertainty weighs heavily on prospects. The euro area crisis intensified in the first half of 2012 and growth has slowed across the globe, reflecting financial market tensions, extensive
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Rwanda’s Largest Bank Strengthens Its Position
Global Credit Rating Co Upgrades Bank of Kigali’s Long Term Rating of A+ to AA- and reaffirms the Short Term Rating of A1. On October 25th, Bank of Kigali, the largest bank in Rwanda by market share of total assets,
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Pier Carlo Padoan, OECD: A New Era for the Euro Area
The euro area is entering a new era. The importance of [approval by the German constitutional court of the European Stability Mechanism (ESM)] and the European Central Bank’s (ECB) new Outright Monetary Transactions (OMT) programme set out recently cannot be
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