The learning deficit – Economics focus

Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. PEOPLE in rich countries often have little sense of how poor the quality of education is in many developing countries. Where...

Essential Economics

A discussion with Matthew Bishop, Business Editor of The Economist and author of “Essential Economics”Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. “Economics...should be understood as a way of...

Curbing disease – Economics focus

Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. IN RECENT years, researchers have developed methods to confront a range of diseases—illnesses, in many cases, that put an especially heavy...

Fighting corruption – Economics focus

Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. OUT of every dollar Uganda allocated to education in 1995, just 20 cents reached the country's schools. The rest was lost...

Migration and development – Economics focus

Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. IN AN ideal world, the migration of workers from poor countries to rich countries would be a principal channel of material...

Liberating trade – Economics focus

Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. MERCANTILISM has been defunct as an economic theory for at least 200 years, but many practical men in authority remain slaves...

Football talent scouts become more rational

CHEERS erupted from Calais to Cannes when Kylian Mbappé, a 19-year-old striker, thumped in France’s fourth goal in the World Cup final on July 15th. Among the smuggest onlookers were the accountants at Paris...

Income-share agreements are a novel way to pay tuition fees

TO PAY for his professional flight degree at Purdue University in Indiana, Andrew Hoyler had two choices. He could rely on loans and scholarships. Or he could cover some of the cost with an...

In China, a rare public spat between officials as debt pressures build

LIKE other countries, China has bureaucratic infighting. But it does better than most at keeping tussles hidden from outside view, especially under Xi Jinping, a president who brooks no dissent. So it has been...

Even stockmarket bulls are more cautious than at the start of the year

BEARS sound clever; bulls make money. This piece of financial acumen, imparted by a trader to a colleague, is hard to beat for brevity. It also makes a good point. There is something about...

Why the euro zone hasn’t seen more cross-border bank mergers

MERGERS of euro-area banks from different countries, a banker jokes, are “very much like teenage sex. There’s a lot of talk, but little action. And when it does happen, there’s a lot of disappointment.”...

Companies appear to be gaining market power

COMPETITION forces companies to keep prices low to attract customers. But if a few firms become powerful enough, they can see off competitors and charge more. A new working paper by Jan De Loecker...

As its trade tussle with America heats up, China is on the back foot

FOR months Chinese officials have stuck to the same script: China does not want a trade war, but will win if dragged into one. As hostilities turn more serious, this confident façade has taken...

Argentina’s currency crisis is far from over

ON A residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale...

China’s statistics are bad. Many criticisms of them are worse

“Our people crave, more than anything else, to know the extent of the nation,” says the narrator in “Do You Love Me?”, a short story by Peter Carey set on an imaginary world that...

Central Europe’s Goldilocks economies

THEY evoke metal gorillas in a cavernous, floodlit hall: 640 robots with riveting guns and arms for handling parts. They will spring into action this autumn at the opening of a new plant for...

The changing world of work

“MONEY often costs too much,” quipped Ralph Waldo Emerson. But a new study suggests that since 1950, the price of buying it with labour in America has fallen. Greg Kaplan of the University of...

Why foreigners are keen buyers of Chinese government bonds

IN MAY 1945 John Maynard Keynes wrote a memo on the post-war economy. In it he argued that Britain should seek to be in the mainstream of global commerce. It would suit finance as...

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the...

Most stockmarket returns come from a tiny fraction of shares

IN his book about the use of language, “The King’s English”, Kingsley Amis describes a tug-of-war. On one side are “berks”, careless and coarse, who would destroy the language by polluting it. On the...

Sino-American interdependence has been a force for geopolitical stability

IN THE 1990s America and Europe had a trade dispute over bananas. No one worried that tanks might soon roll as a result. But trade is about more than economics. The European Union, the...
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