The reckoning on race in the field of economics began around 100 years ago. To put that in perspective, white women had only recently been granted the right to vote , and, in 1921, white people had burned Black Wall Street, in Tulsa, to the ground .
We can demand structural change through organizing: Alexander understood that coalitions for change would be key in addressing racism and sexism.
Want more from Teen Vogue ? Check this out: Economist Lisa Cook Being on Joe Biden's Transition Team Is a Win for Black Girls
Many things are taking place:
Trickle-down economics is dead.
Study after study shows that the tenets of free-market thinking are deeply flawed and that nations that follow a tax-cutting agenda do nothing for the underlying strength of their economies.
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The paper found that cutting the top rates of tax filled the pockets of higher earners and increased inequality. It did little, if anything, to stimulate business investment.
This might seem obvious to anyone on the left of the political spectrum, who will have long since dismissed the trickle-down theory of economics. But it is a mantra on the right and remains a cornerstone of the argument for tax cuts.
A health economist confronts Kenya's pandemic | Science
The incident speaks to Barasa's tenacity and powers of persuasion, says his boss, Philip Bejon, who directs the Kenya Medical Research Institute (KEMRI)–Wellcome Trust Research Programme. These traits, Bejon says, have served Barasa well in his role as director of the program's office in Nairobi, where he's been a key player in Kenya's response to the COVID-19 pandemic. "Edwine always shows up as an authentic and sincere scientist who convinces his colleagues."
Until recently, posts like Barasa's—directing internationally funded research partnerships in Africa—were typically held by white Europeans. But Barasa belongs to a generation of young African research leaders now stepping forward. On social media, he has challenged the prevailing powers in the field of "global health"—and the long tradition of researchers from rich northern countries studying poor countries' health problems. He doesn't view himself as a natural leader, though.
Epidemiological and economic consequences of government responses to COVID-19 | VOX, CEPR Policy
Figure 1 shows that, based on estimation results from an econometric model with the log of R and mobility, the combined effect of applying all containment polices – including stay-at-home requirements, workplace and school closures, restricting public gatherings, and imposing limits to international travel – would nearly halve the reproduction number, from an initial R value of about 3.
Results further suggest that test and trace policies can reduce the spread of the virus. The most comprehensive form of such policies are more than two and a half times more effective in reducing R than more limited forms. Test and trace polices are most effective when the infection rate is not too high (which in estimation is taken to be less than ten new daily cases per million population – a rate which was well exceeded in many countries in March and April).
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What economic experts are certain of about 2021: More global uncertainty | Arab News
DUBAI: The year just gone was the Great Accelerator. This time last year, the experts were predicting a slight downturn in global economic growth, continuing tensions in global trading patterns, and a tricky but negotiable time for oil markets as renewable sources slowly bit into demand.
Instead, 2020 was the year of the biggest economic downturn in nearly a century, a brief but dramatic collapse in world commerce, and the most tumultuous year for crude oil in 50 years. The COVID-19 pandemic seized every negative trend in the global economy — and made it worse.
Outlook: Expect Fast Economic Recovery in 2021 but Deepening Social Problems
As 2020 passes like a bad dream and COVID-19 vaccines are distributed en masse, many economists believe that the global economic recovery in 2021 could prove the fastest in decades. But the pandemic, and associated lockdowns, will leave a grim legacy that could also take decades to overcome, not least the worsening income inequality that will likely only reinflame populist politics in the United States and other major nations.
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And even the election of Joe Biden as the next U.S. president, an avowed internationalist, won't be enough to parry the structural threats that still plague the economies of the United States and other developed nations. The 74 million Americans who voted for Donald Trump and the protectionist, neonationalist policies they both embraced aren't going away—and neither are the serious social and economic problems that underlay them.
Looking back, and forward: How economies and economics changed in 10 years | Business Standard
In 2014, India’s economy finally began growing faster than China’s, and stayed ahead for the next three years. In 2018 the forecast was that the ranking would stay unchanged till 2020.
As things turned out, China soon pulled ahead, and then the gap grew. This year its economy will see growth of an anticipated 2 per cent, while India experiences a sharp recession. Adjusting for relative changes in the rupee’s and yuan’s dollar values, the International Monetary Fund now says China’s economy grew by 146 per cent in the 2010-20 decade while India managed barely a ...
UK economic outlook for 2021: Covid surge deepens the gloom | Economic growth (GDP) | The Guardian
The UK economy begins 2021 on the back foot as record numbers of coronavirus infections and tougher restrictions cloud the outlook for growth and limit the chances of a rapid recovery from the country's worst recession in 300 years.
There had been hopes that the arrival of successful Covid vaccines could prompt a rebound in activity. But with new government controls to combat the rising infection rate, the outlook is deteriorating. Here are five charts for the UK's economic prospects in 2021.
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