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Boosting Productivity by Engaging the Workers
Britain has a productivity problem. Its relative standing in the international league tables has been in decline since the 1870s when it was in pole position. But the big...
It’s Called Coworking, not Co-working, and it May be Here to Stay
Back in 1980, Alvin Toffler coined the concept of the Electronic Cottage. While this might sound like a feature from Tomorrow’s World, it was essentially the idea that people,...
Where Does Money Come From?
The phrase “banks create money” forms part of the popular discourse, but it conveys an erroneous representation of the banks' role in the money creation process. The role of...
Pushing the Monetary Policy Envelope
In a recent address to the Economic Society of Australia, the Reserve Bank Governor Glenn Stevens hit the nail on the head when he remarked, “monetary policy alone can’t...
The Chief Operating Officer and the Dodo
The Chief Operating Officer (or COO) is a dying breed in today’s corporate environment. Since 2000, the number of large US firms with COOs has declined from 48% to...
The African Development Bank Could do Great Things but Needs the Proper Resources
Africa’s only regional bank, the African Development Bank Group (AfDB), has come a long way since its near collapse in 1995. It now reflects its mandate to fight poverty...
Great Economic Strides have been made in Mozambique, but Challenges Remain
In the more than two decades since democratic elections signalled a new era in Mozambique, a great deal has been accomplished. Nearly all development indicators have improved – often...
Australia’s Port Privatization Plan is a Mess
Recent plans to privatise a number of Australian ports have become very messy. In Victoria, both sides of government were committed to privatising the Port of Melbourne Corporation (PoMC),...
The (For Now) Virtual Greece-Russia Pipeline
Discussions about a possible Grexit, from the euro or even the EU, have rarely been off the EU’s agenda over the past five years. As Greece and its creditors...
The Export-Import Bank: Should It Stay or Should It Go?
Last summer, a debate over the historically ho-hum Export-Import Bank of the United States (aka Ex-Im Bank) simmered over and went mainstream, as a growing chorus of Republicans and...