Economic Growth

10 must read economics stories of the week

A worker arrives at his office in the Canary Wharf business district in London February 26, 2014. London's financial services sector created 25 percent more jobs in February than a year ago, new data has shown, indicating the industry may be recovering from the restructuring and redundancies prompted by the financial crisis. After a strong January, the City hiring market showed no signs of slowing down last month, with 3,220 new jobs created, compared with 2,575 added in February 2013, according to financial services recruiter Astbury Marsden. The data suggests London's banks and financial services companies are returning to growth after slashing thousands of jobs in the face of a lengthy recession and a series of industry scandals that followed the financial crisis. Picture taken February 26, 2014. REUTERS/Eddie Keogh

Image: REUTERS/Eddie Keogh

Jennifer Blanke
Member of the Board, Syngenta Foundation for Sustainable Agriculture
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Inclusive Growth Framework

A list of some of the week’s most interesting stories on economic growth and social inclusion.

1. Facts and figures. Real incomes in 25 advanced economies were flat or have fallen between 2005 and 2014. When children grow up poorer than their parents, this is a worrisome development. (McKinsey Global Institute)

Image: McKinsey Global Institute

2. More on the US economy, where productivity is slowing and inequality rising. Here’s a take on what’s driving this. (Evonomics)

3. African entrepreneurship is on the rise. Have you heard of these companies? (Harvard Business Review)

4. African states are breaking down borders in a push toward greater integration as the African Union enables visa-free travel among its member states. (Financial Times)

5. Venezuela’s economic collapse is a tragic reminder of the crucial link between economic management and social wellbeing. (Knowledge@Wharton)

6. A research study found a positive correlation between income inequality, poverty and ‘leave’ votes in the UK’s ‘Brexit’ referendum. (Bruegel)

7. The backlash against globalization has not been met by a clear strategy to establish a new, more inclusive economic model. (Project Syndicate)

8. The Republic of Ireland reported a revised GDP growth of 26.3% in 2015. More than measuring an actual increase of economic activity, this underscores the insufficiency of our current approach to measuring economic wellbeing. (Quartz)

9. It is actually not straightforward to compare the size of economies. (The Economist)

10. Poverty is a reality in wealthy countries. A photographer has documented some of America’s 46 million poor. (Zeit Online)

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