Politics and Economics

///Politics and Economics

Capitalism Will Shrink Inequality. In Fact, It’s Happening.

Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would

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Do environmental regulations reduce employment? Not really.

There is no consistent evidence that environmental regulations cause long-term changes in overall employment. In a recent speech,  President Donald Trump made reference, as he often does, to regulations that have killed American jobs. This is an oft-used argument on the right — so common, in fact, that it is now taken as a kind

Development Aid – Why Not Participate When It Is Win-Win?

Immediately following World War II, the United States set out on an ambitious plan to help develop the war-torn European nations. In what became known as the Marshall Plan, named after the Secretary of State, George Marshall, the plan aimed to reduce poverty and suffering. During its implementation between 1948 and 1952, Europe saw the

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Majority of U.S. Mayors Say Poverty Is Their Top Concern

While the growing divide between “coastal elites” and Middle America has been a hot topic in recent months, many mayors from red and blue states have strikingly similar policy priorities, according to a survey released Tuesday by the Boston University Initiative on Cities. The 2016 Menino Survey of Mayors, now in its third year (see

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The unintended impact of regulating Wall Street and banking

In the middle of the global financial crisis that knocked Wall Street and Main Street into the depths of a terrible recession, the Obama administration passed an emergency regulatory act named The Dodd-Frank Wall Street Reform and Consumer Protection Act. In the simplest terms, Dodd-Frank is a mandatory set of regulations on financial institutions. In

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Survey casts light on yawning ‘trust gap’ for banks

A global banking survey by Ernst & Young has quantified the trust gap between customers and banks. A massive four out of five Australian customers say they don't trust their bank to give unbiased advice and put their interests first. It is a damning finding. The survey of 55,000 customers worldwide says customers are losing trust

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Does the U.S. have an opportunity-oriented federal budget?

With various social, economic and political problems swirling around us, details of long-term federal budgets are probably not where many people are focused. In corporate budgeting, many times scenarios look like the following: as a company grows, revenue increases at a faster rate than expenditures. The result is greater profit. However, the U.S. federal government

Benefit of organizational misconduct: Others in group may work harder, study says

Misconduct within an organization is generally seen as a predicament at best, a catastrophe at worst. But a new study by Johns Hopkins Carey Business School Assistant Professor Brian Gunia shows that such misconduct, or “deviance,” can prove beneficial by causing “non-deviant” members of the group to work harder in order to alleviate their own

Business sector responsibility key to inclusive growth

Inclusion was the buzzword of the OECD Forum in Paris, with the UN's 2030 sustainable development goals and responsible business conduct as main topics. Read more at  Business sector responsibility key to inclusive growth | Global Trade Review (GTR) Watch this video from the Organisation for Economic Co-operation and Development (OECD) Act Now  

Modern Era Requires Modern International Aid

In an effort to alleviate poverty, the United States government spends billions of dollars annually in foreign aid. Additionally, many private corporations, foundations and nonprofits are actively involved in providing assistance to alleviate poverty. Unfortunately, not all aid is used effectively. Recent research indicates direct monetary aid to governments increases dependence, corruption and poor rule

Bono testifies to Congress: “Aid in 2016 is not charity—it is national security”

"I am here today to testify to the United States Senate that I have seen the impossible made possible, right here in these halls. And we need that leadership again in this moment of great jeopardy." Read more at: Bono testifies to Congress: “Aid in 2016 is not charity—it is national security” | ONE To

Dramatic rise in child abductions signals terrorist group’s resurgence

A new report released earlier this month notes that the Lord’s Resistance Army, a rebel terrorist group from northern Uganda, has abducted 217 people in the past two months in the Central African Republic, 54 of whom are children. This is almost double the number of abductions performed by the group during the entirety of

Is International Trade Good or Bad for Communities?

The human instinct for trade has deep historical roots, but its economic, social and political importance has risen in recent times due to industrialisation, technological advance and globalisation. In fact, there is evidence that our Cro-Magnon ancestors engaged in trade and moved from barter for their immediate use to trade for resale. The shift by