Nowcasting the Global Economy

Asymmetries in the Global Economy

Openness is not necessarily good for the poor. Reducing trade protection has not brought growth to today’s poorest countries, and open capital markets have not been good for the poorest households in emerging market economies. In this paper I present evidence on these two points. First, countries highly dependent on primary exports two decades ago, despite their substantial engagement in trade ...

Energy and the Global Economy

This article describes the contribution economists can make in uncovering energy choices capable of reducing carbon emissions on a global scale. All production and consumption activities involve the use of energy, and economists possess theoretical and analytic frameworks relating production and consumption in individual economies with international trade among them. Current challenges include ...

The Tertiary Economy: A Threat to the Global Economy

Global Fuel Economy Initiative

The critical distinction between the technical potential to improve fuel economy and how much of that technical potential is realized .. Summary The Global Fuel Economy Initiative was launched in early 2009. It set a target of improving the average fuel economy (in litre/100km terms) for the global vehicle light-duty vehicle fleet by at least 50% by 2050 (50by50). In terms of miles per gallon t...

Global Political Economy

This paper traces the development and structure of the global political economy. After first explaining why politics and economics and inextricably connected, the paper goes on detail how these processes have become global and what impact this is likely to have on states and markets. Introduction It has become something of a cliché to observe that we live in a time of increasing globalisation. ...