Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
In the face of unprecedented actions to safeguard public health, government-mandated lockdowns have seen global economies in free-fall. In response, central banks have embarked on several innovative monetary and fiscal measures. Official short-term interest rates were cut to record lows in most advanced economies. In some jurisdictions, like in the EU and Japan, rates have …
Continue reading “Quantitative Easing and the risks of rising wealth inequality”
Since the appearance of COVID-19, there has been a massive decline in global trade. World Trade Organisation figures suggest that it could fall be about a third this year. But some context is required here. The reduction is taking place mainly due to the voluntary shutdown of the global economy to fight the Coronavirus. This …
Continue reading “Globalisation is not the cause of the pandemic”
It took international co-operation, co-ordination and a subsuming of national sovereignty (British troops, for example, were under US control in some theatres) as well as a deepening of economic, political and social ties, to bring the Second World War to a close. As we commemorate the 75th anniversary of the D-Day Landings and the Battle …
Continue reading “What has WWII got to tell us about globalisation? The answer, a lot.”