Tag Archives for GDP

The political determinants of miracle growth in Rwanda

Pritish Behuria and Tom Goodfellow

Rwanda’s government works hard to maintain a balancing act between the complex range of political and economic factors that underpin the country’s recent rapid economic growth To understand why growth is sustained in some developing countries and not in others, we need to understand the politics of those countries. That much we know. Or at least, there was an ‘almost … Continue reading

14 December 2016 by
Categories: SPERI Comment | Tags: , , , , , , , , | Leave a comment

The hollowness of GDP: The case of Ireland

Ireland’s GDP statistics highlight the disconnect between ‘official’ growth and the real economy, and raise questions about the nature of growth itself In the last decade, the prominence afforded to Gross Domestic Product (GDP) in political discourse has increasingly been challenged by a series of social and environmental critiques. These critiques – made by the likes of Wilkinson and Pickett, … Continue reading

22 September 2016 by
Categories: Inequality, SPERI Comment, Tax | Tags: , , | 1 comment

Growing the economy from the middle out

A new growth model must place individual livelihoods at the heart of our regional economic strategy In his new SPERI paper Craig Berry suggests it is crucial to make a connection ‘between the new order and individual livelihoods’.  This resonates with two recent reflections of my own, which have come from my work with a number of communities who are … Continue reading

10 February 2016 by
Categories: Devolution, Politics and policy, SPERI Comment | Tags: , , , , , , , , , | Leave a comment

How sustainable are the Anglo-American recoveries?

Jeremy Green

While both countries have experienced comparatively strong growth, divergence on the current account ensures that the UK’s situation looks much more perilous Staggering global payments imbalances are a defining feature of contemporary capitalism. From the 1980s, with the emergence of the ‘neoliberal’ phase of capitalism, two major categories of growth model have emerged: debt-led growth models, marked by current-account deficits, … Continue reading

2 February 2016 by
Categories: British growth crisis, Economics, Global crisis, Politics and policy, SPERI Comment, Sustainability, USA | Tags: , , , , , , , , , , , , | Leave a comment

Bad things can still happen to ‘good pupils’ in the Eurozone

Neil Dooley

Portugal’s aspirant ‘good behaviour’ has contributed not only to its recent political crisis, but also its longstanding economic woes Portugal’s political elites, such as Luís Marques Guedes, are often eager to let the world know that they are the hardworking ‘ants’ of Aesop’s fable, while ‘the Greeks are grass-hoppers’ who have failed to plan for the future.  In a thematically … Continue reading

9 December 2015 by
Categories: Economics, Europe and the EU, SPERI Comment | Tags: , , , , , , , , , , | Leave a comment

The rise and fall of the World Bank’s global pension model

The global economic crisis has prompted the rapid demise of a treasured neoliberal pet project In many ways neoliberalism still seems an unshakeable paradigm.  However, in the pension reform arena governments across the world are abandoning pension privatisation in favour of a return to a primary role for the state.  This post charts the rise and fall of pension privatisation … Continue reading

1 December 2015 by
Categories: Economics, Finance, Politics and policy, Social science, SPERI Comment, Tax, Welfare | Tags: , , , , , , , | 1 comment

The changing political economy of oil

Tony Payne

The recent big fall in price creates some space for new thinking, but also poses questions to which we don’t have answers The price of oil has been falling.  Last Friday the price of a barrel of Brent crude, the standard benchmark, dropped to US$61.85, its lowest figure since July 2009.  It was as high as US$115 in June this … Continue reading

16 December 2014 by
Categories: Economics, Environment, G20, Global crisis, Politics and policy, SPERI Comment, Sustainability, Tony Payne | Tags: , , , | Leave a comment

Counting the cost of the regressive recovery

Jeremy Green and Scott Lavery

The Coalition’s recovery has intensified deeply damaging distributional trends within Britain With GDP growth of 1.8 per cent in 2013, the growing consensus is that Britain’s long economic downturn has finally come to an end. Adding to this perception, last week wages outstripped inflation for the first time in over five years. These trends, along with positive employment figures, might … Continue reading

22 April 2014 by
Categories: Development, Economics, Employment, Inequality, SPERI Comment | Tags: , , , , , , , | Leave a comment

Are we there yet?

Craig Berry

The recent good news about renewed growth in the British economy badly needs to be scrutinised and put in context A strange story has started to emerge about the British economy. Apparently, it’s in recovery! The central plotline boils down to one key statistic: the UK economy is growing. GDP growth in the second quarter of 2013 was 0.7 per … Continue reading

14 November 2013 by
Categories: British growth crisis, Craig Berry, Economics, Politics and policy, SPERI Comment | Tags: , , , , , , , | 1 comment