Donald Trump victories in the primary process make him the frontrunner for the republican nomination. He often brags about his business success, his net worth, and his negotiating and leadership skills. Clearly Trump’s strategy is trying to that his business experience makes him the most qualified to be president. Moreover, he uses his business way of thinking to analyze economic problems.
Latin America: No More Pennies From Heaven
The economies of Latin America (LatAm) have fallen on hard times. After almost a decade of positive growth, the favorable external conditions are disappearing and prospects for growth seem grim. The IMF projection for 2015 is just 0.9%, the lowest growth rate since 2002, with the exception of 2009, the year of the Great Recession. […]
The Sharing Economy: An Ocean of Unconscious Cooperation
The sharing economy is a topic of hot debate. It means different things to different people. For investors, firms like Uber and Airbnb offer tantalizing market capitalizations. For visionaries, the peer-to-peer transaction model represents a new, post-capitalist economic reality. Meanwhile, critics see the rise of these services as just another brick in the winner-takes-all wall. Whatever […]
U.S. Labor Market: Supply Matters
The recovery of the U.S. economy had appeared to achieve a breakthrough in the final quarter of 2013. The economy grew at an annual pace of 3.2 percent in the last quarter. But the economy contracted again the first quarter of this year. This weak recovery implies that more jobs have been lost in the […]
How an increase in minimum wage backfires on the poor
Income inequality has increased in practically every industrialized nation in recent decades. The best measure of that change is the Gini index, named after the Italian statistician Corrado Gini, who designed it in 1912. The index values vary between zero, when everyone has exactly the same income, and 1, when one person has all of […]
