Reading List: Is China going capitialist?
- 5 April 2012
Simon Johnson insists that there's no need for panic over America's fiscal situation. "The smart approach is to begin the long and not-so-nice work of controlling deficits while allowing the economy to grow." Economix
Does the recent uptick in data concerning the U.S. economy mean that recoveries from financial crises might not be as different from recoveries from conventional recessions? Two economists – Carmen M. Reinhart and Kenneth S. Rogoff remain unconvinced. Bloomberg
Noting that the above notion "is of course nonsense" – as China has been a mercantilist state for more than 20 years, this article says over-spending on infrastructure and a shrinking population means China has little chance of continuing it current growth without a major economic catastrophe. Capitalists@Work
Matthew Yglesias says as bad as the Depression was, the population's ability to up sticks and move to other parts of the county because living standards were so low, may have made the Great Depression less severe. Slate
"Export success will resurrect the United States as a dominant global economic power. America will be wealthier, its products will have greater global reach, and it will largely cure its trade imbalance with China." American Interest
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- UK public-sector austerity has proved to be quite a disappointment on all fronts
- Should the UK lower its inflation target to help real wage growth?
- What are the prospects for a Base Rate rise in the UK?
- What will central bankers be discussing at Jackson Hole?
- Why are the rail companies allowed to use a redundant (and higher) inflation index to set fares?
- Japanese QE still isn't working
- Small British businesses set to create 1.9m new jobs
- People turning 65 this year can expect to live nearly 20 years
- Hargreaves Lansdown offers low cost income drawdown 'retirement bridge' to investors who have delayed annuity decision
- Divorce costing nearly £44,000 per couple