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Category Archive: Economic Growth
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The Real Experiment That Is Being Carried Out In Japan
The future never resembles the past – as we well know. But, generally speaking, our imagination and our knowledge are too weak to tell us what particular changes to expect. We do not know what the future holds. Nevertheless, as living and moving beings, we are forced to act. – John Maynard Keynes Discussions of [...]
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Does Portugal Have Its Own “Shortage Of Japanese” Problem?
In a number of posts recently I have highlighted the impact of declining workforces on economic growth (here, for example, or here, or here) and the way the policies persued to address the Euro debt crisis are having the impact of accelerating the movement of young people away from the periphery and towards the core (here, [...]
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The Suitcase Mood
Suitcase mood is a Russian website with travel and tourism content. The term is also a popular expression widely used within Russian culture to describe the state of mind which grips a voyager on the brink of a journey. The mood is often associated with a ritual which involves the departing person sitting, sometimes accompanied by family [...]
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The A-b-e Of Economics
And the world said “Let Shinzo Abe be”, and all was light. “The point is not that I have an uncanny ability to be right; it’s that the other guys have an intense desire to be wrong. And they’ve achieved their goal.” Paul Krugman A new craze is sweeping the planet. The image I have [...]
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Beyond Their Ken?
Spain’s economic problems now form part of such a complex web of cause and effect, action and reaction, that it is getting increasingly difficult for laymen, journalists and politicians alike to get to the core of what is actually happening. “To a herd of rams, the ram the herdsman drives each evening into a special [...]
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Does Emigration Put Spain’s Health and Pensions System At Risk?
According to the Economist’s Buttonwood, “desperate times require desperate measures”. I am sure this is right, times in Spain are certainly getting desperate and many of the measures being implemented in Brussels, far from representing radical and innovative solutions look much more like continually closing the barn door after the horse has bolted. The issue [...]
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The Great Portuguese Hollowing Out
With every passing day Portugal has less and less economy left, while fewer and fewer people remain to try to pay down the debt. As Portuguese President Aníbal Cavaco Silva once put it, “A country without children is a nation without a future.” He was, of course, referring to his country’s ultra-low birth rate, which [...]
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The Shortage of Bulgarians Inside Bulgaria
Oh, there’s a hole in my bucket, dear Liza, a hole…… Wenn der Beltz em Loch hat – stop es zu meine liebe Liese Womit soll ich es zustopfen – mit Stroh, meine liebe Liese According to Angela Merkel, speaking in the German city of Mainz in mid February, European countries struggling with the fallout [...]
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Has Spain’s Economic Contraction Now Become Self Perpetuating?
Spain’s political leaders are in cheerful, almost jubilant, mood at the moment. Economy minister Luis de Guindos, speaking in Davos, declared the tide had turned, and forecast that the Spanish economy would return to growth in the second half of 2013. “The perception of the Spanish economy has improved and will continue to do so [...]
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Hungary’s Matolcsy Joins Japan’s Abe In Practicing The Ancient Art Of Verbal Intervention
It’s amazing what you can achieve these days just by promising to do something. It’s also fascinating to watch just what a storm you can stir up. Last July Mario Draghi surprised markets when he vowed to do anything – whatever it would take – to save the Euro. He didn’t go into details, he [...]
