The headwinds return
The headwinds returnTen years ago, developing economies were catching up with developed ones remarkably quickly. It was an aberration NOWHERE are the consequences of different rates of growth clearer than on a trip up the Pearl River Delta in southern China. At the river’s mouth sits Hong Kong, a city in which average living standards exceed those in most rich European countries. Travel farther no
Hold the catch-up
Hold the catch-upIncomes in the developing world are no longer speeding toward those in the rich THE financial crisis was grim, but the most important global economic development in the early 21st century was a positive one: the dramatic acceleration of growth in the emerging world. Between 2000 and 2009 output per person in poor countries excluding China grew an average of 3.2 percentage points a
Apology: Slavery review
In our review last week of “The Half Has Never Been Told: Slavery and the Making of American Capitalism” by Edward Baptist, we said: “Mr Baptist has not written an objective history of slavery. Almost all the blacks in his book are victims, almost all the whites villains.” There has been widespread criticism of this, and rightly so. Slavery was an evil system, in which the great majority of victim
Our withdrawn review "Blood cotton"
Apology: In our review of “The Half Has Never Been Told: Slavery and the Making of American Capitalism” by Edward Baptist, we said: “Mr Baptist has not written an objective history of slavery. Almost all the blacks in his book are victims, almost all the whites villains.” There has been widespread criticism of this, and rightly so. Slavery was an evil system, in which the great majority of victims
Why Japan leads the world in high-speed trains
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Bigger than Marx
IT IS the closest thing to a pop-culture sensation heavyweight economics will ever provide. “Capital in the Twenty-First Century”, a vast work on the past and future of inequality by Thomas Piketty, a French economist, has become the best-selling title at Amazon.com. In America the online retailer has run out of the 700-page hardcover, which it sells for $25.
Nice work if you can get out
FOR most of human history rich people had the most leisure. In “Downton Abbey”, a drama about the British upper classes of the early 20th century, one aloof aristocrat has never heard of the term “weekend”: for her, every day is filled with leisure. On the flip side, the poor have typically slogged. Hans-Joachim Voth, an economic historian at the University of Zurich, shows that in 1800 the averag
Holding back half the nation
Holding back half the nationWomen’s lowly status in the Japanese workplace has barely improved in decades, and the country suffers as a result. Shinzo Abe would like to change that KAREN KAWABATA represents the best of Japan’s intellectual capital. She has just graduated from the University of Tokyo, the most prestigious in the country. Wry and poised, with an American mother and Japanese father,
My country right or righter
IT SEEMS hard to credit that Toshio Tamogami, a 65-year-old former chief of Japan’s air force sacked in 2008 for airing weirdly revisionist views about history, is still a man to reckon with. Yet his campaign for Tokyo’s forthcoming governor’s election has deepened a row over Japan’s giant public broadcaster, NHK. Late last year Shinzo Abe, the prime minister, approved four new appointments to NHK
Claudio Abbado
Claudio AbbadoClaudio Abbado, conductor, died on January 20th, aged 80 THERE was, said Claudio Abbado, a certain sound to snow. It did not come from walking on it. If you stood on a balcony, too, you could hear it. A falling sound, fading away to nothing, pianissimo, like a breath. You could hear it only if you listened to what some supposed was silence. He had learned that skill from his maternal
Surrounded by sharks
Surrounded by sharksJapan’s relationship with the United States is attendant on the rise of China IT IS hard to imagine Osprey tilt-rotor aircraft landing in a deafening roar where, at the moment, beaches and a coral reef encircle subtropical waters and dugong, a rare kind of sea-cow, graze placidly. But building work for a vast new heliport for American marines could start soon at Henoko, on the
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A modern Marx
Chasing cool
Just one more fix
THE REAL DANGERS OF THE WAR.
What’s wrong with Science
More questions than answers
The Volcker rule: More questions than answers | The Economist
Torrents of words
The Nobel prize is a three-way split