Neo-Classical Crap re “US Jobs Through Exports” Unmasked
16 November 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com. 16 November 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com. Yesterday, we criticized President Obama and several other world leaders, notably Germany's Angela Merkel, for parroting the stale...
Obama’s Failed Asia Trip Shows Increasing US, Global Isolation
15 November 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com To be fair, there were at least two positive outcomes from President Obama's trip: 1) He publicly endorsed India for a Permanent Seat on the UN Security Council -- and...
Ten “First Impressions” of US Political Economy
10 November 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com It's a bit strange coming back for a long visit to the US, especially given the disastrous - albeit totally predictable and predicted - election result on Tuesday. And,...
Euro Debt Roils Global Bond Markets, Domestic Politics
9 November 2010. An Irish bond market already in free fall plunged further after Ireland announced on Thursday that it planned to nearly double its package of spending cuts and tax increases to try to rein in its huge deficit....
Italy’s South Tyrol: Paradise Lost ???
25 October 2010. South Tyrol, a German- and Italian-speaking region of mountains and valleys, rivals Italy's most productive regions, highly industrialized Lombardy, and the Valle d'Aosta, in GDP per capita. It is so prosperous that it can pay its governor...
Indian Entrepreneurship Challenges Caste System
19 October 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com This site has frequently stressed India’s potential to become one of the key players of the 21st century, not just in Asia, but the entire global political economy....
IMF Meeting Reveals Shift in Power To Asia From “West”
19 October 2010. In Asia, it's a truism that, as Chairman Mao put it, "the wind comes from the East", at least as far as the world economy is concerned. But what was so shocking about the most recent IMF meeting...
China: The Difficult Transition from Low to High “Value Added”
7 October 2010. Companies in China’s industrial heartland are toiling to reinvent their businesses, fearing that the low-cost manufacturing that helped propel the nation’s economic ascent is fast becoming obsolete. The TAL Group, which operates an immense garment-making plant in...
Indian Economy: Engineering Weakness Serious Problem
5 October 2010. As the run-up to the Commonwealth Games made painfully clear, India's strength does NOT seem to be in engineering and construction. Despite this nation’s rise as a technology titan with some of the world’s best engineering minds, India’s...
China Overreaching Chance for Japan To Make Long-Overdue Amends
28 September 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com At this point, only a fool would predict when the latest conflict between China and Japan is going to be over. Most everyone thought it would be finished last...
Brazil: Poor Education System Major Economic Problem
27 September 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com From a strictly economic point of view, the structural change in the world economy is summed up by the term for the most “advanced” “emerging” nations, BRIC: Brazil /...
India: One Child Policy ???
21 September 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com Of the many elements that have gone into China’s stunning – and stunningly fast – economic growth, there is little doubt that the population-limiting “one child policy” has...
US Econ Intellectual Policy Void Becoming Painfully Clear
15 September 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com Even before coming aboard here at EconomyWatch, we have long argued that one of the major aspects of the American crisis was the intellectual emptiness of those vaunted centers...
African Success Benin Rocked by Giant Ponzi Scheme
13 September 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com The tiny West African nation of Benin has been a rare success story in a continent not full of them. It has long taken pride in its domestication of...
China Exports Key to German Economic Success
7 September 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com As we noted last week, there are several intriguing aspects to Germany’s current economic growth, which is not fantastic in absolute terms – 2.2% in the second quarter –...