Reflecting on the Great Recession - complacency and missed opportunity

A decade ago in September 2008, the investment bank Lehmann Brothers went belly up, dragging the global economy into the Great Recession; global gross domestic product (GDP) declined by -2.2 per cent in 2009. Lehmann Brothers' bankruptcy was preceded by the implosion of Bear Stearns, which had played with asset...

The real problem with free trade

For most critics of globalisation, trade is the villain, responsible for deepening inequality and rising economic insecurity among workers. This is the logic driving support for US President Donald Trump's escalating tariffs. Why, then, does the message resonate far beyond the United States, and even the advanced economies, to include...