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Fast growth in 2021, but not for everybody
Post-Covid recovery is not the main challenge ahead
The statistics describing the condition of the world economy three months after the lockdowns seem reassuring: We have not had a V-shaped recovery but GDP growth in the second part of 2020 appears to be firming up and predictions for 2021 are optimistic. However, trouble is brewing in labor markets.
China: what’s next? Unemployment
China is facing rising labor costs, relatively low productivity growth and competition from other developing countries. While the trade dispute with the U.S. provides Beijing with a scapegoat, the true causes of the dilemma lie in the past policy. If Chinese consumers lose confidence in their economy, a crisis could ...
Opinion: Yellow Vests are a symptom of France’s dysfunctional democracy
With the Yellow Vest protests, France has finally fractured between its metropolitan areas and a resentful low-wage periphery. What started as a tax revolt has become a diffuse and unstructured uprising against an unaccountable ruling caste. Many of the movement’s demands would only perpetuate France’s administrative and social centralism, yet ...
Vocational lessons from Germany and France
Germany is praised as a model of vocational training, with youth unemployment of just over 6 percent. France, where 22 percent of young people don’t have jobs, has long known that its own vocational education system needs fixing. A comparison of how these two great European economies prepare pupils to ...
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France’s structural troubles
France’s problems, ranging from high unemployment to mediocre economic growth, to huge public debt and a bloated government sector, cast a shadow on its future role as a leading European power. Gain insight on the prospects for reforming the country with our special offer.
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