Eswar Prasad and Karim Foda
The world economy is beset by a dangerous combination of divergent growth patterns, deficient demand, and deflationary risks. The latest update of the Brookings-Financial Times TIGER (Tracking Indexes for the Global Economic Recovery) reveals sharp divergences in growth prospects between the advanced economies and emerging markets, and within these groups as well. Read more
The US dominates the export of royalties and fees, the charges for the use of proprietary rights (such as trademarks and copyrights). The UK was the second-largest exporter in the 1990s, but fell to sixth by 2013. China only accounts for 0.3% of the global total.
By Giles Wilkes
© Charlie Bibby/FT
Labour should be wary of giving credence to a very suspect number.
The £93bn figure now routinely used to evaluate the scale of “corporate welfare” in Britain is badly misleading. If the Labour Party is to re-establish its economic credibility, it needs to give the number a very wide berth. Read more
Since the start of the crisis in 2007 the gender gap in labour force participation has narrowed across most OECD countries. Spain has seen the strongest convergence. In 2007, 83 per cent of men were in the labour force versus 63 per cent of women, a gap of 20 percentage points. In 2014, the gap was reduced to 10 percentage points.
More than two-thirds of the US public hold positive views of Pope Francis. His rating exceeds that of his predecessor, Benedict XVI, by 14 percentage points. Neither, however, has approached the popularity of Pope John Paul II.
The Financial Times is working with the British Library to open up access to FT Digital Archive for academic research.
Extracts from the archive materials were used to produce the feature about Britain’s 1975 referendum on European Community membership that was published on FT.com today. Read more
The Greek election on Sunday will be the country’s third ballot this year. The most recent polling shows a tightening race between the leftist Syriza and the centre-right New Democratic, both holding just under a third of the vote. Support for the far-right Golden Dawn fell to its lowest level in a month.
Did you receive the press release? Were you offered an exclusive interview? Are you upping your journey down the engagement funnel?
Well, brace yourself – because the ranks of public relations professionals are growing. The latest figures from the Office for National Statistics suggest that there may soon be more PRs than journalists in the UK. Read more
Growth in investment in China’s fixed assets dropped to 10.9 per cent year on year in August, lagging behind analysts’expectations.
The population living in contracting economies is expected to rise to over 7 per cent of the global total this year, from 1.3 per cent in 2010, the highest proportion in 5 years. While the global economy is set to grow faster in 2015 than in the previous year, the proportion of population in contracting economies is expected to increase by 1.6 percentage points.
Forget the mid-life crisis of the 40s, the peak age of a business person is fifty-something, at least according to an analysis of the Capital IQ database of global companies. Among the nearly 10 thousand Chief Executive Officers (CEO) of companies with a market capitalization of more than £150 million for which age information is available*, nearly half are in their fifties.
Longevity aside, how do the two monarchs and their effects on the country they ruled compare? Read more
Asian countries lead the league for number of admissions to Oxford University from non-UK applicants. Singapore has the highest admission rate, followed by China and Hong Kong.
Cotton prices in China fell 23 per cent year on year in August to a six-year low, a result of reduced demand and government policy measures. Read more
The average wealth of US lawmakers was estimated to be more than a million dollars in 2013. Senators are wealthier, with an average net worth of $2.7m, while house members have $840,000 on average
If you’re pregnant, try to avoid financial crises – they’re bad for your unborn baby’s health. That’s the conclusion of a research paper to be presented at the annual congress of the European Economic Association in Mannheim this week.
Arna Vardardottir, assistant professor in the economics department at Copenhagen Business School, used detailed data from Iceland’s National Birth Register to investigate what happened to babies who were in the womb in the first week of October 2008 when all three of Iceland’s banks suddenly collapsed, taking the economy with them. Read more
European demand for Scottish seafood has fallen, due to trade disruption in Calais caused by the migrant crisis. Lengthy delays last month at the Channel tunnel and ferry terminals as thousands of migrants attempted to gain access to the UK through the French port, hit exporters of perishable goods with produce ruined before delivery. Read more
European Union orange prices have increased 13 per cent year on year since March as the forecast harvest is set to be down 14 per cent from last season, to 5.7m tonnes. Read more
Boko Haram’s deadly attacks have menaced Nigeria for the last five years, with hundreds of deadly attacks claiming nearly 13,000 lives. Read more