Monthly Archives: July 2012

WNF and Acemoglu and Robinson’s recent posts about South Africa

Ladies and gentlemen, this is stuff that we will only be getting to at the end of this course, but I want to highlight them now, before they disappear into the ether. Acemoglu and Robinson have been writing a few interesting posts about South Africa recently and I think that we should take note: Struggling […]

Trends in the world economy

“One of the biggest trends in economic history was the rise of the West, beginning in the 18th century. In the 19th century, all of Europe and European outposts spurted ahead of the rest of the world. By the end of the 20th century, the average worker in Western Europe or America earned about 20 […]

Will the west rule?

As the world recovers from the recession, the economy is slowly starting to stabilize shifting from the U.S. to the BRICS as these countries have shown tremendous growth compared to the OECD countries. From 1987 to 2009, the average growth rate was 2.7 per cent, while China’s growth was 9.5 per cent. Realignment has been […]

The crisis cycle of economic trends

Global economic trends have taken a few knocks, this includes; the US mortgage bubble burst in 2008, the increasing rise of China despite a decreasing global economy, the fall of Greece as well as the decreasing economies of Spain, Italy, Portugal, France and Ireland; and lastly the fall of the European Union. The fact that […]

WNF Chapter 2

Aside from watching the opening ceremony of the Olympic Games this weekend, I also started reading Chapter 2 of Why Nations Fail. Chapter 2 is all about the other theories that explain, or do not explain, inequality of incomes over time and across the world. At the end of chapter 1 WNF made a strong […]

Weekend reading

I have a couple of links that tie in with the past week’s lecture on trends in the world economy and other that are related to the upcoming topic of drivers of growth: After some data revisions there is more evidence of the weak performance of the US economy. This goes along with criticism of […]

Linking with today’s lecture

Just to cap today’s lecture: The Economist’s free exchange blog on the Spanish panic. And Time magazine on China’s economic slowdown. Two slots for next week’s presentations have been taken and one is still available. Come and have a look at the lists on my office door. I’ll read you blogs and write some comments […]