By Hasan Cömert & T. Sabri Öncü This article first appeared in the Economic & Political Weekly on 18 March 2023. This article is the second in a series of articles on monetary policy debates in the age when deglobalisation became a buzzword. Here, we begin our discussion of the ongoing economic experiment in Turkey as an example to elaborate on these debates. In the third article, we will turn our attention to the post-2018 Turkish currency crisis phase of the experiment by focusing...
Read More »Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment-II
By Hasan Cömert & T. Sabri ÖncüThis article first appeared in the Economic & Political Weekly on 18 March 2023.This article is the second in a series of articles on monetary policy debates in the age when deglobalisation became a buzzword. Here, we begin our discussion of the ongoing economic experiment in Turkey as an example to elaborate on these debates. In the third article, we will turn our attention to the post-2018 Turkish currency crisis phase of the experiment by focusing on...
Read More »Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment-II
By Hasan Cömert & T. Sabri ÖncüThis article first appeared in the Economic & Political Weekly on 18 March 2023.This article is the second in a series of articles on monetary policy debates in the age when deglobalisation became a buzzword. Here, we begin our discussion of the ongoing economic experiment in Turkey as an example to elaborate on these debates. In the third article, we will turn our attention to the post-2018 Turkish currency crisis phase of the experiment by focusing on...
Read More »Rentier capitalism is profoundly risk-averse
The following article is based on my speech notes for a presentation to University College London’s Global Business School for Health on 22nd February 2022. The webinar was titled: Health Innovation through Capital and Private Equity Markets webinar. The question panellists were asked to address was this: “….whether capital and private equity markets are actually driving forward better and sustainable health innovation?” I argued that private capital and private equity markets – far from...
Read More »Rentier capitalism is profoundly risk-averse
The following article is based on my speech notes for a presentation to University College London’s Global Business School for Health on 22nd February 2022. The webinar was titled: Health Innovation through Capital and Private Equity Markets webinar.The question panellists were asked to address was this: “….whether capital and private equity markets are actually driving forward better and sustainable health innovation?”I argued that private capital and private equity markets – far from...
Read More »Rentier capitalism is profoundly risk-averse
The following article is based on my speech notes for a presentation to University College London’s Global Business School for Health on 22nd February 2022. The webinar was titled: Health Innovation through Capital and Private Equity Markets webinar.The question panellists were asked to address was this: “….whether capital and private equity markets are actually driving forward better and sustainable health innovation?”I argued that private capital and private equity markets – far from...
Read More »(How far) has Brexit affected UK GDP?
It looks as if the UK’s GDP will have risen by a little over 7% in 2021, after a fall now estimated at 9.4% in 2020. (We await the Q4 data). It seems that – despite stronger November data – GDP in 2021 will come in below that of 2019, and maybe a tad less than 2018. Clearly COVID has played a major part, but is there also evidence of Brexit-induced slowdown in the mix? The “Conservative Home” website (among so many other right-wing propaganda outlets) tries hard to keep spirits up and the...
Read More »(How far) has Brexit affected UK GDP?
It looks as if the UK’s GDP will have risen by a little over 7% in 2021, after a fall now estimated at 9.4% in 2020. (We await the Q4 data). It seems that – despite stronger November data – GDP in 2021 will come in below that of 2019, and maybe a tad less than 2018. Clearly COVID has played a major part, but is there also evidence of Brexit-induced slowdown in the mix?The “Conservative Home” website (among so many other right-wing propaganda outlets) tries hard to keep spirits up and the –...
Read More »(How far) has Brexit affected UK GDP?
It looks as if the UK’s GDP will have risen by a little over 7% in 2021, after a fall now estimated at 9.4% in 2020. (We await the Q4 data). It seems that – despite stronger November data – GDP in 2021 will come in below that of 2019, and maybe a tad less than 2018. Clearly COVID has played a major part, but is there also evidence of Brexit-induced slowdown in the mix?The “Conservative Home” website (among so many other right-wing propaganda outlets) tries hard to keep spirits up and the –...
Read More »GDP, Brexit & the trade winds of change
In 2020, GDP per head of population fell, year on year, by a massive 10.5%. For me, that’s the take-away statistic from last Friday’s GDP-related ‘data dump’ by ONS. The level of GCDP per head (in real, inflation-adjusted terms) was £29,124. This was almost identical to the level in 2009 (£29,098), at the peak of the global financial crisis, and otherwise the lowest on record since 2003. Of course, the extent of the decline is heavily down to the government’s first lockdown...
Read More »