Jagjit Chadha – What do economists have to offer to policy making?

“A hell of a lot. Whether policymakers take our advice is the real question.”

This year’s WES Presents was kicked off by Professor Jagjit Chadha, director of the National Institute of Economic and Social Research (NIESR). In a time where the role of experts seems to be increasingly distrusted in public discourse, he highlighted the value of rigorous economic analysis rather than reductive political sensationalism in the search for the right answers in policy, forecasting and analysis of the past.

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Race to One Trillion: It’s an Amazonian Economy

This is the third part of our analysis of Amazon’s rise to 1 trillion. Today, we look at Amazon’s economic power and impact on jobs and wages.

When we talk about Amazon we do not just talk about the world’s largest online retailer or the rising star in Washington’s lobbying circles. Arguably, Amazon’s impact on job creation, investment and industry competition levels is even more important. The company’s size is large enough to change the personal lives of millions of people and the economic life of entire regions, if not entire countries. Continue reading “Race to One Trillion: It’s an Amazonian Economy”

Race to One Trillion: Amazon’s Affairs in Washington

This is the second part of our analysis of Amazon’s rise to 1 trillion. Today, we look at the changing relations between Amazon and the US political circles.

When a company registers £178 billion revenue and employs 560,000 people, it does not go unseen in Washington’s, London’s or Brussels’ corridors of power. Amazon is no exception. The online retailer’s relation with politics is complex, being alternatively cooperative or detached, but is always functional to profit maximisation. Continue reading “Race to One Trillion: Amazon’s Affairs in Washington”

Race to One Trillion: Amazon’s invulnerable dominance

As the first part of an analytical series on Amazon and its rise to 1 trillion, this article considers the company’s success and uncontainable growth.

In September 2008 you could buy an Amazon share for $72. Now, you need $1’970.  At a whopping 39%, the average annual price increase has led Jeff Bezos’ creature to enter the exclusive 1-trillion market cap club. But Amazon’s exceptionalism is not limited to Wall Street. Of every dollar spent online, around 44 cents go through Amazon. With 100 million household members, “Amazon Prime” would be the 4th most populous country in the world. Continue reading “Race to One Trillion: Amazon’s invulnerable dominance”

The ‘sharing economy’: Is it too good to be true?

Consumer trends are slowly shifting from ownership to experience. The rise of this ‘sharing economy’ has transformed market landscapes with the massive growth of companies like Uber and Airbnb. Now, it’s possible to rent out your ride, your apartment, your workspace, and even your luxury clothing. In this rapidly-changing setting, the focus has shifted to assessing its newly-born risks.

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The outcome of the Mexican elections and why it matters

Mexico recently shocked football fans around the world when it defeated Germany in its opening game in the FIFA World Cup. It has also been at the forefront of the global news cycle as the USA’s southern neighbour. Trump’s controversial handling of the immigration issue – through the potential construction of his infamous wall or his recent policy of separating families at the border, is the source of major social and political turmoil in the US and has been discussed heatedly around the world. But now, Mexico is making worldwide news because, on 1st July, the second-largest economy in Latin America took to the polls for the biggest general elections in Mexican history with an expected but unprecedented result of the presidential race.

Continue reading “The outcome of the Mexican elections and why it matters”

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