Growth not enough to ease inequality: Oxfam

January 19, 2012

Rising income inequality in rich nations has cast doubt on the old adage, often upheld by the economics profession, that a rising tide lifts all boats. A new report from Oxfam reinforces the notion that wealth does not trickle down of its own accord. The anti-poverty advocacy group says sometimes actively redistributive policies may be needed to address huge income gaps. It also says that, contrary to conventional economic thinking, such policies will directly contribute to better growth rather than impede it.

from Davos Notebook:

Will Goldman’s new BRICwork stand up?

January 17, 2011

RTXWLHHJim O'Neill, the Goldman Sachs economist who coined the term BRICs back in 2001, is adding four new countries to the elite club of emerging market economies. But does his new edifice have the same solid foundations?

United Korea: bigger than Japan?

September 21, 2009

North Korea,¬†one of former President George Bush’s “axis of evil” countries and one of the few remaining Stalinist states,¬†deserves to be re-evaluated given the prospect of a power succession and the changing economic landscape in the region, according to Goldman Sachs.