[Paul Donovan] Why prejudice is really, really bad for growth
Economists have long observed the inverse correlation between prejudice and economic competitiveness and economic development. Advanced economies tend to have less racism, religious intolerance, homophobia,
[Paul Donovan] The 21st century is when everything changes
With government finances still dealing with the aftershocks that are rippling out of the epicentre of the financial credit crunch, the world economy could do with a period of calm in which to heal.
Unfortunately,
[Paul Donovan] Why Germany and Greece are right to blame each other
The ongoing epic of the eurozone crisis is by no means over.
Greece will probably selectively default next month (or thereabouts), and then have a pause before properly defaulting (with a debt haircut) at some later date.
[Paul Donovan] Guest editing for the day
Mark your calendars.
On Tuesday July 26, FT Alphaville will be taken over — again.
Paul Donovan, global economist at UBS, will be seizing the reins.
Donovan is not one to shy away from the harder topics in his field so expect some intriguing posts from him come Tuesday,