Currently a UK-authorized bank, insurer or securities firm has the right to carry on business in another EEA state without further authorization. This passporting right allows UK firms to access European markets and over 2000 UK investment firms benefit from a passport under MiFID. UK firms will lose this right if it exits the EU without mutual recognition.
E-cigarettes have an image problem. I mean this in two different ways. They are still seen as controversial products, often featuring in dramatic stories about battery explosions or toxic substances. Most of these stories play on public fears, exaggerate their claims, and are unhelpful for fostering a constructive public debate. But more generally, e-cigarettes have an image problem in that no one agrees on what they represent.
What is happiness and how can we promote it? These questions are central to human existence and human flourishing now plays a central role in the assessment of national and global progress. Paul Anand shows why the traditional national income approach is limited as a measure of human wellbeing and demonstrates how the contributors to happiness, wellbeing, and quality of life can be measured and understood across the human life course. The following extract looks at the connection between income and wellbeing.
There are eleven diverse hill states in India which comprise the group of “Special Category States.” They all suffer from the disadvantages that result from remoteness and geographical isolation, as well as historical and demographic circumstances. In addition to pathetic infrastructures, scant resources, unrealized human potential, and stymied economic growth, these states also represented various groups of marginalized minorities.
frican Studies focuses on the rich culture, history and society of the continent, however the growing economies of African countries have become an increasingly significant topic in Economic literature. This month, The Centre for the Study of African Economies annual conference is taking place in Oxford. To raise further awareness of the growing importance of the study of African economics, we have created this reading list of books, journals and online resources that explore the varied areas of Africa and its economy.
History matters. Historical events can sometimes have consequences that last long after the events have finished. An important part of Africa’s past is its history of slave exporting. Although Africa is not unique to the trading of slaves, the magnitude of slave exporting rose to levels not previously experienced anywhere else in the world.
Last month HSBC, one of the world’s largest banks, decided not to move its headquarters from London to Hong Kong.The revelation that a company is staying put is usually not earth-shattering news. Nonetheless, HSBC’s decision made headlines in Asia, Europe, and the US for three reasons. First, HSBC is the world’s fifth largest commercial bank: it holds more than $2.5 trillion in assets and is exceeded in size only by four state-owned Chinese banks.
In 2016, women around the world are still fighting for their right to equality, even in the countries we think of as the most developed. Although in many areas, the gap has narrowed in recent years, gender inequality is still common in the labour market and in politics.
A few years ago when the Greek economic and financial crisis was rocketing markets around the globe and seemed to justify the bashing of that “poor country of tax cheaters” to the point of threatening the majestic European Union project and dishonouring an entire continent, French philologist Jacqueline de Romilly reminded the world of some of things owed to Greece: the invention of democracy, philosophy, and tragedy.
Why would agricultural producers engage in practices such as conservation, animal welfare, waste management, or organic farming? The literature hints that economic, social, and personal motivations are drivers of adoption. Sustainable practices are welcomed by farmers if there is a potential increase in profitability through more efficient processes, or as a source of differentiation (i.e. labelling). From a social perspective, sustainability has become a license to operate in food supply chains, where long-term viability depends on the fit between firm and society values.
Neologisms (from Greek néo-, meaning ‘new’ and logos, meaning ‘speech, utterance’) – can do all sorts of jobs. But most straightforwardly new words describe new things. As such they indicate areas of change, perhaps of innovation. They present us with a map, one that can redefine what we know as well as revealing newly explored areas; new words for new worlds.
The words digital economy conjure images of young, tech-savvy entrepreneurs breaking moulds in a world where technology is disruptive. But could the reality be much more mundane and mercantile? When Facebook released “Facebook at work” earlier this year, the social networking goliath laid a huge challenge at the feat of LinkedIn, a powerful incumbent that had until then dominated its corner of the market.
Europe’s economy has barely grown since the financial crisis broke in 2007. And unemployment, especially among the young, has soared in most countries. Eastern and Southern Europe, the least affluent regions, have suffered the most. Today, in the most affected countries, around one in two young adults seeking a job is not able to find one. If there is one recipe for social and political trouble in the years ahead, this is surely it.
It is indisputable that chocolate consumption gives instant pleasure and comfort, especially during episodes of ‘emotional eating’, which involves searching for food (generally in large amounts) even if not physiologically hungry in order to get relief from a negative mood or bad feelings (e.g. stressful life situations, anxiety, depression). The pleasure experienced in eating chocolate can be, first of all, due to neurophysiological components.
Global inequality, particularly as it exists today, is more “process” than natural phenomenon. An era of unprecedented interconnection means that individual practices, just as much as large-scale social, political, and economic actions, shape, sustain, and reinforce power dynamics.
The Chinese New Year begins on 8 February, ushering out the year of the sheep (or goat, or ram) and bringing in the year of the monkey. People in China will enjoy a week-long vacation and will celebrate with dragon dances and fireworks. Given the financial fireworks emanating from China, this is a good time to briefly review some of the major economic news coming out of the Middle Kingdom.