World economy

Fordism Comes to Asia (& How it Will Change the Global Economy)

Fordism Comes to Asia (& How it Will Change the Global Economy)

WorldCrunch has an interesting piece by Jean-Marc Vittori from Les Echos on how labor costs are rising in Asia and how that will affect the global economy.  Here is the crux of his argument: We need to rethink how we view the world economy. The huge gap between European and Asian salaries is reducing at […]

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A New Global Recession?  No way

A New Global Recession? No way

That’s the argument made by Thomas Exner in Die Welt.  And he makes a pretty good case: If we take developments on the stock market as an indicator for future development of the real economy, the result might well be a panic attack. Investors’ grave uncertainties would particularly affect exporting countries. But here’s another way […]

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