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Globalisation and the economic geography of social activism

Pamina Koenig, Sebastian Krautheim, Claudius Löhnert, Thierry Verdier 30 July 2021 Economic globalisation faces a legitimacy crisis that is fuelled by scandals along the globalised value chains characterising modern-day international production. The collapse of the Rana Plaza factory building in Bangladesh in 2013 is an example that received global attention. Campaigns by internationally active advocacy …

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1789: The Electoral College Meets for the First Time

With all but two relatively obscure states—Rhode Island and North Carolina—having ratified the Constitution, the Confederation Congress was now ready to put the new federal government in place. As soon as New Hampshire became the ninth state to ratify, Congress dutifully created a committee to get the new Constitution up and running. Only the doughty …

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The economic recovery continues | Econbrowser

The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 6.5% annual rate in the second quarter. That’s well above the 3.1% average growth that the U.S. experienced over 1947-2019. Kudos to Federal Reserve Bank of Atlanta economist Patrick Higgins, whose nowcast of 6.4% that Menzie highlighted yesterday anticipated …

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GDP Rises 6.5 Percent in Second Quarter, Passed Pre-Pandemic Level of Output

The profit share of corporate income rose 1.6 percentage points in the first quarter, countering claims of squeezed employers. The economy grew at a 6.5 percent annual rate in the second quarter. This put GDP 0.8 percent above its last pre-pandemic quarter but still leaves it roughly 2.2 percent below its pre-pandemic trend. Productivity Growth …

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Canada is 100% on Board with Schwab’s Biodigital Program

All the pretend fact-checkers call it a conspiracy theory that Schwab wants to alter humanity and create trans-human species. Yet, here we have the government of Canada openly admitting that they are moving toward a biodigital world where they boldly state that this will progress to influence us to “even evolve as a species.”   …

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