CENTRAL BANKERS around the world have long pondered why productivity growth is slowing. Even as the latest global economic upswing has boosted employment across the rich world, output has remained sluggish. But might central banks themselves, with their armies of employees, be part of the problem?
Of course the euro area's central banks and the Fed look puny compared with the People's Bank of China (PBOC), which had a whopping 125,000 employees on its payroll at the end of 2018. This figure includes staff at the PBOC's bank-note printing company and State Administration of Foreign Exchange, the agency tasked with managing foreign-exchange reserves. A population of 1.4bn is only a partial explanation: China employs more than twice as many central bankers per person as Japan.
Not to change the topic here:
Op-Ed: The Western world order needs growth-oriented economic policies
The United States and Europe have ample monetary and fiscal resources to promote economic growth and a harmonious development of their free-market democracies.
That certainly seems to be the case of the European Union , a huge economic system accounting for nearly one-third of the industrialized world's combined economic output. Last week, the EU's 27 leaders spent 28 hours of inconclusive "negotiations" about decimal points (varying between 1.065% and 1.074%) for their contributions to the common budget covering the period of 2021 to 2027.
Free exchange - Economists discover the power of social norms | Finance and economics | The
O VER THE past generation women have made substantial economic gains, even as progress on other measures of social equality has been uneven. Their average level of education has caught up to that of men across rich and poor countries alike. Indeed in much of the rich world the share of young women with a college degree is now above that of men. Income may be divided less equally across the workforce as a whole, but it has become more evenly spread between men and women.
This evolution was apparent in January, in a lecture given by Marianne Bertrand of the University of Chicago. Over the past few decades, gender gaps in the rich world have had ever less to do with overt discrimination, she argued, and ever more to do with women's decisions. Their choice of degree subject is one. Jobs in science, technology, engineering and maths have smaller gender pay gaps than others. But men are around twice as likely as women to graduate in such fields.
London School of Economics Bans Beef | VegNews
Many things are taking place:
Trade industry feeling economic impact amid coronavirus outbreak | 13newsnow.com
NORFOLK, Va. — As the coronavirus continues to spread in countries throughout the world, the Port of Virginia is feeling the impact.
A recent update from the Port of Virginia said in January that empty container exports fell more by more than 27 percent. That drop directly attributed to the coronavirus and quarantines in China.
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John Reinheart, the CEO of Port of Virginia said from February through April, they expect a drop of 44,000 import containers due to the coronavirus.
Economic Efficiency In The Premier League And Bundesliga So Far This Season
The Premier League, for 2019-2020, pays almost $2 billion in wages to its first team players. Manchester City is at the top of the table at about $220 million and Sheffield United is at the bottom at $23 million. So far this season 743 points have been won in the Premier League, which enables a calculation of the wage cost per point.
If we calculate the relationship of wages and performance, we can then use that formula to identify which clubs are outperforming their expected success this season and which clubs are under-performing. Based on the average wage cost per point gained this season, we can then associate over- and under-performance with an economic benefit or cost.
Northern Colorado’s public colleges, universities generate nearly $4B economic impact
Public colleges and universities in Northern Colorado — Colorado State University, the University of Northern Colorado, Front Range Community College and Aims Community College — combined to generate $3.9 billion in economic impacts and supported more than 50,000 jobs in Weld and Larimer counties during the 2017-2018 fiscal year, according to a new study.
That study, conducted on behalf of the four local public institutions (referred to in the study by the collective acronym NoCoPCU) by economic analysis firm Economic Modeling LLC, or Emsi, was released Tuesday at an event in Fort Collins that brought together UNC President Andy Feinstein, CSU President Joyce McConnell, Aims President Leah Bornstein and FRCC President Andy Dorsey for a panel discussion on how higher education serves as a key economic engine in Northern Colorado.
Tito time - Wise words are not enough to fix South Africa's economy | Middle East and Africa |
TWO DAYS before he outlined South Africa's budget, Tito Mboweni shared a Photoshopped picture of himself in a spacesuit. The caption read: "man on a mission". It was characteristic skylarking by the finance minister, an ebullient reformer who spends much of his time warning colleagues in the ruling African National Congress (ANC) that unless the economy is overhauled the country faces ruin.
On February 26th political gravity brought Mr Mboweni down to earth. South Africa's public finances are in a sorry state, a result of sluggish growth and lavish state spending, especially on public-sector wages. Debt was just 27% of GDP in 2008. A decade later it was 57%, and is set to rise to 66% over the next year, warned the finance minister. But it is unlikely that his comrades were paying attention.
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