In recent years poor countries have enjoyed impressive improvements in GDP per person. But in the rich world they have hardly grown at all. Watch video @: via Global Economic Growth: Emerging Markets vs Advanced Economies | The Big Picture.
‘In the advanced economies, the first months of 2011 seemed to offer the beginnings of a self-sustaining recovery, a promise that turned out to be a false dawn’ write the Bank for international settlements. If both Advanced and Emerging Market Economies (AE and EME) job markets were hit by the Great Depression, the EME wre much more robust. This … Continue reading
The World of Work Report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years. The report emphasizes that while employment has begun to recover slowly, job quality is deteriorating and there is a growing sense of unfairness. Moreover, … Continue reading
The structure of the economy – as represented by the relative sizes of the various industry sectors – is always changing. Normally the rate of change is so slow we don’t notice it. At present, however, the pace of change is much quicker than usual. These pressures are coming from outside Australia. Many are the … Continue reading