Innovative economic policies for the 21st century
New strategies needed to tackle challenges of ageing, globalisation, and as robots take on human jobs.
London
UNLIKE rapid advances of technology and medicine, developed nation economic policies are stuck in a quagmire. Innovative, lateral thinking strategies are thus essential to generate economic growth.
Quantitative easing (QE) - excessive monetary ease and almost zero interest rates - combined with European austerity of high taxation and lower government spending, have clearly failed to generate adequate growth. Those crying for old-time Keynesian policies of higher government spending and borrowing to boost demand for goods and services are ignoring current excessive debt of numerous nations.
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Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access