Economics Blog

In the last post, we discussed China’s astonishing economic growth over the last few decades. As a result, it is now the world’s second largest economy and continuing to gain on US. This is not just the size of their … Read More

Since the 1970s, China has been racing to become the world’s largest economy. This wasn’t obvious when China first began to open its economy with market reforms and consequently began to experience meaningful economic growth. In 2000, China’s GDP was … Read More

The recently passed infrastructure bill that aims to upgrade America’s declining infrastructure makes serious investments in many areas that have been under-invested in for decades. This is great news in many respects. It will improve our lives as we travel … Read More

The recently passed infrastructure bill is great news for the long-term productivity of American workers and wage growth for them. We looked at the transportation investments in the bill in part of this series and here we take a look … Read More

In the last few posts, I have examined the impact of infrastructure spending on a country’s overall productivity and wages. We also looked at data that showed America’s investments in infrastructure are way down over the last few decades. It … Read More

So far, in this series, we have discussed the importance of infrastructure investments on the overall productivity of the economy and its impact on wages and prosperity. We saw in a graphs that US has not invested nearly as much … Read More

Every year, the US spends more than $400 billion on public infrastructure. But annual infrastructure funding routinely falls short of capital and maintenance requirements, contributing to deterioration of the country’s infrastructure assets.   In 2017, the American Society of Civil Engineers … Read More

One of the key building blocks of a healthy and growing economy is top notch infrastructure. What is infrastructure? Well, these days we have heard a lot of debate about this and it’s a worthwhile topic to examine.   In … Read More

Once upon a time, enthusiasts designed a formal education system to meet the economic demands of the industrial revolution. Fast forward to today and, with the current global economic climate, it seems apparent that the now established education system is … Read More

So far in this series, we have tackled the issue of industrial policy and how it can impact a country’s prospects. Industrial policy can mean that a country’s government has a vision and a plan to support that vision. This … Read More