There is a Greek drama unfolding in Cannes, France, today, as members of the G20 — led by the Franco-German alliance they call Merkozy — wrap up another tense week in this latest battle to save the euro zone.
The European Union is an economic…
There is a Greek drama unfolding in Cannes, France, today, as members of the G20 — led by the Franco-German alliance they call Merkozy — wrap up another tense week in this latest battle to save the euro zone.
The European Union is an economic…
Nov 24, 2010
PAY, PROFIT AND GROWTH, Part 1
Stagnant wages feeding overcapacity
By Henry C K Liu
This is the first article in a series.
In the economics of development, there is an iron-clad rule that “income is all”. The rule states that the eff…