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2018-04-25T20:20:50.294Z
0
{"feed":"Economic-Issues","feedTitle":"Economic Issues","feedLink":"/feed/Economic-Issues","catTitle":"Business","catLink":"/cat/bussiness"}
Print section Print Rubric:  Europe’s boom will not last; it had better make the most of it Print Headline:  The second chance Print Fly Title:  Free exchange UK Only Article:  ...
Print section Print Rubric:  Much has been done to strengthen Europe’s banking system. But not enough Print Headline:  A job half-finished Print Fly Title:  European banks UK Only Article:  ...
Print section Print Rubric:  The fate of the Irish frontier shows the compromises that Brexit will force Britain to make Print Headline:  Borderline solution Print Fly Title:  Brexit and the Irish question ...
Print section Print Rubric:  Douglas Irwin corrects the record of American trade policy over the years Print Headline:  Sticking up for a scapegoat Print Fly Title:  A history of trade ...
Print section Print Rubric:  Wealth inequality has been increasing for millennia Print Headline:  Capital in the 80th century BC Print Fly Title:  Archaeology UK Only Article:  ...
Main image:  THE one-percenters are now gobbling up more of the pie in America—that much is well known. This trend, though disconcerting, is not unique to the modern era. A new study by Timothy Kohler of Washington State University and 17 others finds that inequality may well have been rising for several thousand years, at least in some parts of the world. The scholars examined 63 archaeological sites and estimated the levels of wealth inequality in the societies whose remains were dug up, by studying the distributions of house sizes. As a measure they used the Gini coefficient (a perfectly equal society would have a Gini coefficient of zero). It rose from about 0.2 around 8000BC in Jerf el-Ahmar, on the Euphrates in modern-day Syria, to 0.5 in around 79AD in Pompeii. Data on burial goods, though sparse, suggest similar trends. The researchers suggest agriculture is to blame. The nomadic lifestyle is not conducive to wealth accumulation. Only when humans switched to farming did people truly begin to acquire material riches. Inequality rose steadily after the shift into settled agriculture, but tailed off in the Americas after around 2,500 years. In the old world, however, wealth inequality continued climbing for...
Print section Print Rubric:  Timelier loan-loss provisions may make earnings and lending choppier Print Headline:  Stage fright Print Fly Title:  Accounting and banks UK Only Article:  ...
Print section Print Rubric:  Beefing up mobile-phone and internet penetration Print Headline:  The right connections Print Fly Title:  Connectivity UK Only Article:  ...
Print section Print Fly Title:  On globalisation, mussels, Russia, politics UK Only Article:  standard article Issue:  America’s global influence has dwindled under Donald Trump Fly Title:  ...
Main image:  PROTESTANTISM has played a large part in the development of the modern, liberal world. It has contributed to the emergence of concepts such as freedom of conscience, tolerance and the separation of powers. But as the world marks the 500th anniversary of the start of the Reformation, the faith’s axis is shifting. The percentage of Western Europeans and North Americans professing Protestantism is declining, whereas in the developing world the proportion is growing fast. For much of the 20th century, global secularisation was considered inevitable as nations modernised. But the developing world is actually becoming more religious, part of what Peter Berger, a sociologist, called the “desecularisation” of the world. At the heart of this religious resurgence have been Islam and Pentecostalism, a branch of Protestant Christianity. Islam grew at an annual average of 1.9% between 2000 and 2017, mainly as the result of a high birth rate. Pentecostalism grew at 2.2% each year, mainly by conversion. Half of developing-world Christians are Pentecostal, evangelical or charismatic (all branches of the faith emphasise the authority of the Bible and the need for a spiritual rebirth). Why are people so attracted to it?Christianity has always had ecstatic elements,...
Main image:  A DECADE after mobile phones began to spread in Africa, they have become commonplace even in the continent’s poorest countries. In 2016 two-fifths of people in sub-Saharan Africa had mobile phones. Their rapid spread has beaten all sorts of odds. In most African countries, less than half the population has access to electricity. In a third of those countries, less than a quarter does. Yet in much of the continent people with mobile phones outnumber those with electricity, never mind that many have to walk for miles to get a signal or recharge their phones’ batteries.Mobile phones have transformed the lives of hundreds of millions for whom they were the first, and often the only, way to connect with the outside world. They have made it possible for poor countries to leapfrog much more than landline telephony. Mobile-money services, which enable people to send cash straight from their phones, have in effect created personal bank accounts that people can carry in their pockets. By one estimate, the M-Pesa mobile-money system alone lifted about 2% of Kenyan households out of poverty between 2008 and 2014. Technology cannot solve all of Africa’s problems, but it can help with...
Print section Print Rubric:  The big risks may be in corporate, not government, bonds Print Headline:  Yielding to temptation Print Fly Title:  Buttonwood UK Only Article:  ...
Print section Print Rubric:  Protestantism shaped the development of the modern liberal West. What does its current revival mean for the developing world? Print Headline:  The stand Print Fly Title:  Luther’s reformation ...
Print section Print Rubric:  Millennials are doing better than the baby-boomers did at their age. But the gap is closing Print Headline:  The generation gain Print Fly Title:  Age and inequality ...
Print section Print Rubric:  Agreement on how to fight recessions in a low-interest-rate world remains elusive Print Headline:  The low road Print Fly Title:  Free exchange UK Only Article:  ...
Print section Print Rubric:  Reducing inequality in a globalised economy Print Headline:  A taxing problem Print Fly Title:  Buttonwood UK Only Article:  ...
Print section Print Headline:  A devil to sup with Print Fly Title:  Herbert Hoover UK Only Article:  standard article Issue:  ...
Print section Print Rubric:  The right way to help places hurt by globalisation Print Headline:  Left behind UK Only Article:  standard article Issue:  ...
Print section Print Rubric:  Many places have lost out to globalisation. What can be done to help them? Print Headline:  In the lurch Print Fly Title:  Left-behind places UK Only...
Main image:  FOR once, the Daily Mail and the Guardian, British newspapers of the right and left, agree. In the former, Alex Brummer says “IMF's new line of thinking of tax should please Corbyn & co” while the latter says that the IMF “analysis supports tax strategy of Labour in UK”. Both are responding to the IMF's fiscal monitor which does indeed say that there would appear to be scope for increasing the progressivity of income taxation without significantly hurting growth for countries wishing to enhance income redistribution.The report details how income tax progressivity in advanced economies declined in the 1980s and 1990s and that the tax system has done little to reduce inequality in recent yearsBetween 1985 and 1995, rising fiscal redistribution was able to offset about 60 percent of the increase in market income inequality. In contrast, average fiscal redistribution hardly changed between 1995 and 2010, while market income inequality continued to increase. As a result, average disposable income inequality increased broadly in line with market income inequalityBut the report is about the west as a whole, rather than Britain in particular. When it comes to a specific tax rate, it says that  Assuming a welfare weight of zero...