Banking, inequality, Quotations

Development: Transformation | Thought

“Development is about transforming the lives of people, not just transforming economies.” ― Joseph E. Stiglitz, Making Globalization Work  ♦♦♦ “People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base.”… Continue reading Development: Transformation | Thought

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Austerity, Capitalism, Current Issues, inequality, opinion, UK economy

Instability: Poverty and low skill push Britain to Brexit

A report on the causes of BREXIT has been published. According to this report, Brexit was the reason of ‘Poverty, Low Skills and Lack of Opportunities’. The research was accomplished by Goodwin, M, and Heath, O (2016) for the JRF Organisation. ‘This report provides unprecedented insight into the dynamics of the 2016 vote to leave… Continue reading Instability: Poverty and low skill push Britain to Brexit

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Capitalism, Current Issues, Free trade, Globalization, inequality

Justice is denied by designed

Some claim the world has achieved tremendous progress and prosperity, however, many believe that more than half of the world’s population are still struggling to have fulfilled their basic needs such as food, clothing, and shelter. Few are enjoying the wealth while many are suffering from extreme poverty. The patterns of resources distribution are extremely… Continue reading Justice is denied by designed

food security, Globalization, inequality

Humanitarian efforts and aid programmes are being questioned

‘The multiple threats to food and nutrition security, their negative and cumulative impact, and the clear link between shocks and hunger reveal the fragility of current food production systems and their vulnerability to disasters’ - FAO, 2013 Nepal is one of the vulnerable seismic zones and disaster prone area situated between Eurasia and Indian plate.… Continue reading Humanitarian efforts and aid programmes are being questioned

Capitalism, economic thought, Globalization, inequality

Neoliberalism Crisis after Brexit

Here are the letest development of anti-neoliberalism, after Brexit Italian PM Matteo Renzi resigns after referendum defeat and the rise of the populist Five Star Movement http://bit.ly/2h7B5M9 (today)  Austria elects left-leaning president over Norbert Hofer France’s far right leader Marine Le Pen has welcomed the Italian referendum, Anti-euro leader in lead New Nationalism of Donald Trump… Continue reading Neoliberalism Crisis after Brexit

e-papers, Globalization, inequality

Globalization can be reshaped

Globalization is neither feasible nor desirable. The problems are not with globalization, but with how it has been managed. IMF, World Bank and WTO have served the interest of the advanced industrialized countries particularly narrow mind-sets rather than developing world. Pfofessor Joseph Stiglitz believes globalization can be reshaped to realize its potentials. Government can, and… Continue reading Globalization can be reshaped

Capitalism, Economy, inequality

Consumers, Employees and Investors are annoying but CEOs get pay rises!

This morning, I had a lovely time to watch Television with strong black coffee and bread and butter. I was updating global news on BBC Breakfast. Hobby is making me crazy. For a conversation Professor Andre Spicer was presented on the screen. Spicer was talking about corporate behaviour. In the answer of a question he… Continue reading Consumers, Employees and Investors are annoying but CEOs get pay rises!

Banking, inequality, opinion, Publications

Banking, Digitalisation and Inequality

Fourth Industrial Revolution (FIR) is on the doorstep. Income inequality and global warming are on the top of future challenges. There is a close link between financial system, digitalisation and economic inequality. Before looking into future, I think, we better start reviewing the past; especially the globalisation era how it went. I picked up some books… Continue reading Banking, Digitalisation and Inequality

Capitalism, Globalization, inequality, UK economy

Richest 62 people as wealthy as half of world’s population

The vast and growing gap between rich and poor has been laid bare in a new Oxfam report showing that the 62 richest billionaires own as much wealth as the poorer half of the world’s population. Timed to coincide with gathering of many of the super-rich at the annual World Economic Forum in Davos, the… Continue reading Richest 62 people as wealthy as half of world’s population

Capitalism, Economy, inequality, UK economy

Has the world always been this unequal? WEF

Oxfam’s latest report claims that income inequality has reached a new global extreme, exceeding even its predictions from the previous year. The figures behind this claim are striking – just 62 individuals now hold the same wealth as the bottom half of humanity, compared to 80 in 2014 and 388 in 2010. It appears not only… Continue reading Has the world always been this unequal? WEF