Monthly Archives: February 2001

The G Word: the Benefit Of International Economic Intercourse

Listener 17 February, 2001.

Keywords Globalisation & Trade;

The US-led world economic boom of the 1990s may be ending. The economy in 2001 is likely to be rocky in the US, stagnant in Japan, and the rest of the world could suffer with them. That will generate a loss of confidence, not only in the state of the economy, but in some of the euphoric theories that have been dredged up to justify the over-optimism. Dont panic: monetary-based economies fluctuate – always have, always will. But the long term trends – such as globalisation – will grind remorselessly on, and we still need to think about them rigorously.

Poor Children: the Government Has Not Attended to the Child Poverty Problem

Listener 3 February, 2001

KeywordsDistributional Economics; Social Policy

Possibly the best established finding of twenty-five years of research on poverty is that children are disproportionately among the poorest of the nation. Not just brown children or yellow children or white children. Not just one parented children or two parent children. Just children. Over 30 percent of all children under the age of 15 are in the bottom fifth of the population by income. That means that over half the poor are children and their parents, and their rate of poverty is almost double the rate for the childless.