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Timothy Taylor

globalisation

Multipolarity: The Next Step After Globalization?

14/01/2016(0)
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of ... Read More
Productivity level and GDP per Capita

What about the EU Single Market?

23/04/2015(0)
Discussions of the economic situation in Europe and the eurozone during the last few years have a heavy emphasis on government debt and central bank policy. But from the ... Read More
Deflation

Price Deflation, Asset Prices, and Threats to Growth

03/04/2015(0)
When I read media discussions about deflation,” three separate meanings are often used more-or-less interchangeably. One meaning is the way that economists use the term, in which “deflation” means ... Read More
Lujiazui Financial District in Pudong in Shanghai

China’s Consumption Transition

20/03/2015(0)
A standard pattern of long-term economic development is that a country goes through a period of higher savings and investment, along with correspondingly lower consumption levels. After the growth ... Read More
Economists

Six Reasons Why Economists Should Say Less About “Competition”

03/03/2015(0)
A short essay of mine titled “The Blurry Line Between Competition and Cooperation,” was published a month ago at the Library of Economics and Liberty website. I argued that ... Read More
bank

Credit Without Banks: Shadow Banking

10/11/2014(0)
One of the vivid lessons of the 2007-2009 recession and financial crisis is that in the modern economy, one can’t just think about the financial sector as made up ... Read More
Broker Cyprus TopFX