World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
 

INDEXES

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Name Value Outlook
SMI: USA - SMI 59.3 Positive
SMI: USA - Prices Charged 54.6 Falling
SMI: USA - Staffing Levels 56.5 Positive
SMI: USA - Business Confidence 66.0 Positive
SMI: USA - Market Growth 61.5 Positive
SMI: USA - New Sales 57.8 Positive
GPI: Global - Gas Price Index 113.1 Falling
GPI: United States 121.3 Falling
GPI: China 97.0 Falling
GPI: Japan 120.7 Falling
GPI: India 110.6 Falling
GPI: Germany 105.3 Falling
GPI: United Kingdom 105.4 Stable
GPI: Russia 130.5 Falling
GPI: France 105.6 Falling
GPI: Brazil 106.5 Falling
GPI: Italy 128.2 Stable
HPI: Global - Hospitality Index 99.0 Falling
HPI: United States 100.8 Rising
HPI: China 76.6 Falling
HPI: Japan 93.1 Rising
HPI: India 95.2 Falling
HPI: Germany 138.0 Falling
HPI: United Kingdom 111.3 Falling
HPI: Russia 91.7 Falling
HPI: France 102.1 Falling
HPI: Brazil 119.0 Falling
HPI: Italy 61.7 Falling
CFPI: Global - Cost of Fun Index 97.7 Falling
CFPI: United States 84.6 Falling
CFPI: China 93.0 Falling
CFPI: Japan 92.7 Falling
CFPI: India 113.8 Rising
CFPI: Germany 98.5 Falling
CFPI: United Kingdom 100.8 Rising
CFPI: Russia 114.3 Falling
CFPI: France 99.5 Stable
CFPI: Brazil 89.7 Falling
CFPI: Italy 90.4 Falling
DPI: Global - Durables Price Index 93.1 Rising
DPI: United States 86.9 Rising
DPI: China 85.1 Falling
DPI: Japan 67.4 Falling
DPI: India 99.1 Falling
DPI: Germany 115.3 Falling
DPI: United Kingdom 85.5 Rising
DPI: Russia 81.1 Falling
DPI: France 102.9 Rising
DPI: Brazil 104.5 Rising
DPI: Italy 103.5 Rising
WPI: China 5.2 Falling
WPI: Japan 114.8 Falling
WPI: India 0.8 Stable
WPI: Germany 39.4 Falling
WPI: United Kingdom 0.7 Stable
WPI: Russia 1.0 Stable
WPI: France 35.5 Falling
WPI: Brazil 0.9 Rising
WPI: Italy 3.0 Stable
WPI: Argentina 9.7 Falling
WPI: Mexico 11.8 Rising
WPI: South Korea 1209.6 Falling
WPI: Canada 1.2 Stable
WPI: Spain 0.9 Stable
WPI: Turkey 1.9 Stable
FPI: Global - Food Price Index 101.46 Falling
FPI: United States 94.2 Falling
FPI: China 113.8 Falling
FPI: Japan 73.95 Falling
FPI: India 104.55 Falling
FPI: Germany 121.55 Falling
FPI: United Kingdom 91.24 Falling
FPI: Russia 105.07 Rising
FPI: France 100.53 Falling
FPI: Brazil 114.55 Falling
FPI: Italy 95.1 Rising
API: Global - Apple Price Index 100.8 Rising
API: United States 96.26 Stable
API: China 99.57 Stable
API: Japan 96.67 Stable
API: India 107.15 Falling
API: Germany 98.28 Stable
API: United Kingdom 103.02 Stable
API: Russia 92.83 Stable
API: France 98.42 Stable
API: Brazil 110.88 Stable
API: Italy 97.7 Stable
SMI: NAFTA - SMI 58.7 Positive
SMI: NAFTA - Prices Charged 52.7 Falling
SMI: NAFTA - Future Confidence 65.7 Positive
SMI: NAFTA - Market Growth 61.4 Positive
SMI: NAFTA - Staffing Levels 56.3 Positive
SMI: NAFTA - New Sales 57.6 Positive
SMI: Growth Conts. - SMI 55.1 Positive
SMI: Growth Conts. - New Sales 54.3 Positive
SMI: Growth Conts. - Market Growth 53.0 Positive
SMI: Growth Conts. - Staffing Levels 53.9 Positive
SMI: Growth Conts. - Confidence 53.5 Positive
SMI: Growth Conts. - Prices Charged 60.7 Falling
SMI: Americas - SMI 58.6 Positive
SMI: Americas - Future Confidence 61.9 Positive
SMI: Americas - Prices Charged 55.4 Falling
SMI: Americas - Market Growth 61.9 Positive
SMI: Americas - Staffing Levels 56.6 Positive
SMI: Americas - New Sales 57.0 Positive
SMI: Asia - SMI 59.3 Positive
SMI: Asia - Prices Charged 51.5 Stable
SMI: Asia - New Sales 61.7 Positive
SMI: Asia - Future Confidence 69.2 Positive
SMI: Asia - Staffing Levels 53.8 Positive
SMI: Asia - Market Growth 60.5 Positive
SMI: Global - SMI 59.2 Positive
SMI: Global - Prices Charged 55.1 Falling
SMI: Global - New Sales 60.0 Positive
SMI: Global - Staffing Levels 54.9 Positive
SMI: Global - Market Growth 60.7 Positive
SMI: Global - Future Confidence 65.1 Positive
SMI: Global - Man - SMI 58.2 Positive
SMI: Global - Man - Staffing 54.8 Positive
SMI: Global - Man - Confidence 63.9 Positive
SMI: Global - Man - Prices 54.1 Positive
SMI: Global - Man - Market 60.5 Positive
SMI: Global - Man - Sales 57.6 Positive
SMI: Global - Non-Man - SMI 59.6 Positive
SMI: Global - Non-Man - Prices 55.6 Positive
SMI: Global - Non-Man - Market 60.8 Positive
SMI: Global - Non-Man - Confidence 65.6 Positive
SMI: Global - Non-Man - Staffing 55.0 Positive
SMI: Global - Non-Man - Sales 61.1 Positive
SMI: Philippines - SMI 78.6 Positive
SMI: Philippines - Staffing Levels 64.7 Positive
SMI: Philippines - Prices Charged 55.6 Falling
SMI: Philippines - New Sales 76.2 Positive
SMI: Philippines - Market Growth 97.0 Positive
SMI: Philippines - Confidence 99.8 Positive
SMI: Mexico - SMI 54.0 Positive
SMI: Mexico - Prices Charged 48.5 Rising
SMI: Mexico - Business Confidence 59.9 Positive
SMI: Mexico - Market Growth 60.4 Positive
SMI: Mexico - Staffing Levels 51.7 Stable
SMI: Mexico - New Sales 49.4 Stable
SMI: Nigeria - SMI 70.9 Positive
SMI: Nigeria - Market Growth 76.3 Positive
SMI: Nigeria - Prices Charged 57.2 Falling
SMI: Nigeria - Staffing Levels 57.5 Positive
SMI: Nigeria - New Sales 72.0 Positive
SMI: Nigeria - Business Confidence 91.5 Positive
SMI: India - SMI 67.0 Positive
SMI: India - New Sales 68.2 Positive
SMI: India - Prices Charged 51.5 Stable
SMI: India - Staffing Levels 58.2 Positive
SMI: India - Market Growth 65.6 Positive
SMI: India - Business Confidence 91.5 Positive
SMI: LatAm - SMI 54.9 Positive
SMI: LatAm - Market Growth 57.0 Positive
SMI: LatAm - Prices Charged 59.2 Falling
SMI: LatAm - Staffing Levels 55.8 Positive
SMI: LatAm - Business Confidence 49.1 Stable
SMI: LatAm - New Sales 53.5 Positive
SMI: Mongolia - SMI 42.1 Negative
SMI: Mongolia - New Sales 40.6 Negative
SMI: Mongolia - Future Confidence 37.9 Negative
SMI: Mongolia - Market Growth 38.8 Negative
SMI: Mongolia - Staffing Levels 39.8 Negative
SMI: Mongolia - Prices Charged 53.3 Falling
GMI: Global - Marketing Index 56.4 Positive
GMI: Global - Trading conditions 59.1 Positive
GMI: Global - Marketing budgets 53.3 Positive
GMI: Global - Staffing 56.6 Positive
SMI: Africa - SMI 56.8 Positive
SMI: Africa - New Sales 54.9 Positive
SMI: Africa - Prices Charged 54.2 Falling
SMI: Africa - Business Confidence 66.7 Positive
SMI: Africa - Staffing Levels 51.0 Stable
SMI: Africa - Market Growth 57.2 Positive
SMI: China - SMI 55.3 Positive
SMI: China - Market Growth 56.9 Positive
SMI: China - Prices Charged 50.7 Stable
SMI: China - Staffing Levels 51.3 Stable
SMI: China - New Sales 58.3 Positive
SMI: China - Business Confidence 59.2 Positive
SMI: USA - SMI 59.8 Positive
SMI: USA - Market Growth 61.8 Positive
SMI: USA - Prices Charged 55.5 Falling
SMI: USA - Business Confidence 66.9 Positive
SMI: USA - New Sales 59.2 Positive
SMI: USA - Staffing Levels 55.7 Positive
GPI: Global - Gas Price Index 114.6 Falling
GPI: United States 122.6 Falling
GPI: China 97.8 Falling
GPI: Japan 123.1 Falling
GPI: India 114.2 Falling
GPI: Germany 106.0 Falling
GPI: United Kingdom 105.4 Falling
GPI: Russia 134.4 Rising
GPI: France 107.1 Falling
GPI: Brazil 106.9 Rising
GPI: Italy 128.2 Falling
HPI: Global - Hospitality Index 103.2 Falling
HPI: United States 99.5 Rising
HPI: China 82.5 Falling
HPI: Japan 92.8 Falling
HPI: India 98.9 Falling
HPI: Germany 143.9 Rising
HPI: United Kingdom 113.5 Rising
HPI: Russia 94.6 Falling
HPI: France 106.1 Falling
HPI: Brazil 134.2 Rising
HPI: Italy 66.4 Falling
CFPI: Global - Cost of Fun Index 98.6 Falling
CFPI: United States 84.8 Falling
CFPI: China 94.8 Falling
CFPI: Japan 93.0 Falling
CFPI: India 112.7 Falling
CFPI: Germany 99.0 Rising
CFPI: United Kingdom 100.4 Falling
CFPI: Russia 115.8 Falling
CFPI: France 99.5 Falling
CFPI: Brazil 91.8 Falling
CFPI: Italy 94.3 Rising
DPI: Global - Durables Price Index 93.0 Stable
DPI: United States 86.1 Rising
DPI: China 88.7 Falling
DPI: Japan 69.9 Falling
DPI: India 99.4 Rising
DPI: Germany 115.4 Rising
DPI: United Kingdom 84.5 Rising
DPI: Russia 82.1 Falling
DPI: France 100.0 Rising
DPI: Brazil 101.5 Rising
DPI: Italy 102.3 Falling
WPI: China 5.4 Falling
WPI: Japan 115.5 Falling
WPI: India 0.8 Stable
WPI: Germany 39.6 Falling
WPI: United Kingdom 0.7 Stable
WPI: Russia 1.0 Stable
WPI: France 35.9 Falling
WPI: Brazil 0.8 Stable
WPI: Italy 3.0 Stable
WPI: Argentina 10.0 Falling
WPI: Mexico 11.6 Falling
WPI: South Korea 1235.4 Falling
WPI: Canada 1.2 Stable
WPI: Spain 0.9 Stable
WPI: Turkey 1.9 Stable
FPI: Global - Food Price Index 102.73 Falling
FPI: United States 94.26 Falling
FPI: China 114.69 Rising
FPI: Japan 73.99 Falling
FPI: India 106.9 Falling
FPI: Germany 124.98 Falling
FPI: United Kingdom 91.92 Falling
FPI: Russia 104.58 Falling
FPI: France 102.24 Falling
FPI: Brazil 119.46 Falling
FPI: Italy 94.3 Falling
SMI: NAFTA - SMI 59.9 Positive
SMI: NAFTA - New Sales 59.5 Positive
SMI: NAFTA - Market Growth 63.4 Positive
SMI: NAFTA - Future Confidence 66.7 Positive
SMI: NAFTA - Staffing Levels 56.5 Positive
SMI: NAFTA - Prices Charged 53.3 Falling
SMI: Growth Conts. - SMI 58.2 Positive
SMI: Growth Conts. - Staffing Levels 54.4 Positive
SMI: Growth Conts. - Confidence 62.8 Positive
SMI: Growth Conts. - Market Growth 60.1 Positive
SMI: Growth Conts. - Prices Charged 54.2 Falling
SMI: Growth Conts. - New Sales 59.8 Positive
SMI: Americas - SMI 60.7 Positive
SMI: Americas - Staffing Levels 58.8 Positive
SMI: Americas - Market Growth 63.1 Positive
SMI: Americas - Future Confidence 61.4 Positive
SMI: Americas - New Sales 61.0 Positive
SMI: Americas - Prices Charged 59.5 Falling
SMI: Asia - SMI 59.6 Positive
SMI: Asia - Market Growth 60.6 Positive
SMI: Asia - Future Confidence 69.3 Positive
SMI: Asia - Prices Charged 52.2 Falling
SMI: Asia - Staffing Levels 54.3 Positive
SMI: Asia - New Sales 61.6 Positive
SMI: Global - SMI 59.9 Positive
SMI: Global - Prices Charged 56.4 Falling
SMI: Global - Market Growth 61.8 Positive
SMI: Global - Future Confidence 65.0 Positive
SMI: Global - Staffing Levels 55.5 Positive
SMI: Global - New Sales 60.9 Positive
SMI: Global - Man - SMI 59.2 Positive
SMI: Global - Man - Confidence 63.9 Positive
SMI: Global - Man - Sales 59.1 Positive
SMI: Global - Man - Staffing 55.6 Positive
SMI: Global - Man - Market 62.1 Positive
SMI: Global - Man - Prices 55.2 Positive
SMI: Global - Non-Man - SMI 60.3 Positive
SMI: Global - Non-Man - Prices 57.0 Positive
SMI: Global - Non-Man - Market 61.6 Positive
SMI: Global - Non-Man - Sales 61.7 Positive
SMI: Global - Non-Man - Staffing 55.4 Positive
SMI: Global - Non-Man - Confidence 65.5 Positive

Global Sales Managers' Indexes

Global Sales Managers' Index

  SEPTEMBER 2014
Global All-Sector SMI
The September Index value of 59.2 is down 0.7 on its value registered in August.

Global Manufacturing Sales Managers' Index
  September 2014
Global Manufacturing Sector SMI
The World Economics Global Manufacturing Sales Managers’ Index is the earliest economic activity report covering manufacturers in 70 countries worldwide.
Global Services Sales Managers' Index

  SEPTEMBER 2014
Global Services Sector SMI
The Index registered a value of 59.6 in September, slightly down on August’s 60.3 figure. Panellists indicate that the global services sector continues to exhibit strong economic activity.

Sales Managers' Indexes - By Country

New from World Economics: The Sales Managers' Index: China


  SEPTEMBER 2014
The Sales Managers' Index: China
The China Index brings together the collective wisdom of Sales Managers throughout China. The earliest source of understanding about what’s really happening in the China.
New from World Economics: The Sales Managers' Index: India


  SEPTEMBER 2014
The Sales Managers' Index: India
The Index signals that the Indian economy has been gaining momentum over the past eleven months. The Index declined to 67.0 in September from 67.3 in August, indicating that the economy is growing albeit at a slightly slower pace. 
New from World Economics: The Sales Managers' Index: Mexico


  SEPTEMBER 2014
The Sales Managers' Index: Mexico
The Sales Managers’ Indexes, taken as a whole, show that the Mexican economy remains strong and increased at a steady pace in September.
New from World Economics: The Sales Managers' Index: Mongolia


  September 2014
The Sales Managers' Index: Mongolia
The September Headline Index value of 42.1 indicates that the economy continues to contract at an increasing rate. Business Confidence improved slightly but remains very low.

New from World Economics: The Sales Managers' Index: Nigeria


  September 2014
The Sales Managers' Index: Nigeria
The only available monthly economic indicator which covers all sectors of the Nigerian economy. The Indexes taken as a whole, show that economic growth in Nigeria was strong and broad based in September 2014.

New from World Economics: The Sales Managers' Index: Philippines


  September 2014
The Sales Managers' Index: Philippines
The Sales Managers’ Indexes, taken as a whole, show that economic growth in Philippines has been very strong. The headline SMI at 78.6 is congruent with strong development. 

New from World Economics: The Sales Managers' Index: United States


  October 2014
The Sales Managers' Index: United States
The SMI Headline Index registered a value of 59.3 in October, down slightly from its value in September. Sector analysis shows that the manufacturing sector was down by 0.5 as services declined by 0.2.

Sales Managers' Indexes - By Region

New from World Economics: The Sales Managers' Index: Africa

  SEPTEMBER 2014
Africa
The SMI registered 56.8 in September, up 0.8 from August. Most of the indicators rose, with the exception being Prices and Staffing Levels which both fell slightly.

New from World Economics: The Sales Managers' Index: Americas
  SEPTEMBER 2014
Americas
This Index brings together the collective wisdom of Sales Managers throughout the entire continent of The Americas to produce the earliest and only source of understanding about what’s really happening throughout the continents.
New from World Economics: The Sales Managers' Index: Asia

  September 2014
Asia
Confidence among Sales Managers remains strong; meaning business conditions are to remain positive in the coming months for economic development.
New from World Economics: The Sales Managers' Index: Growth Continents

  SEPTEMBER 2014
Growth Continents
The Headline Index is designed to reflect overall economic growth, bringing together the average movement of Confidence, Market Expansion, Product Sales, Prices Charged and the Staffing Indices.
The Sales Managers' Index: Latin America

  September 2014
Latin America 
The Index registered 54.9 in September, down by 1.1 on August, indicating that economic activity in the region continues to grow albeit at a slower pace compared to previous months.   
New from World Economics: The Sales Managers' Index: NAFTA

  SEPTEMBER 2014
NAFTA
The composite NAFTA Sales Managers’ Index is the best source of understanding about what’s really happening throughout the entire trading bloc.

The Sales Managers' Index Archive


  SEPTEMBER 2014
All Countries and Regions
The full archive of Sales Managers' Indexes cover: Africa, Americas, Asia, Growth Continents, Latin America, NAFTA along with the United States, China, India and Mongolia. 



Global Price Indexes

The World Price Index

  OCTOBER 2014
World Price Index
The WPI provides a monthly index of PPP exchange rates against the US Dollar across the world’s 15 largest economies.
Food Price Index

  October 2014
Food Price Index
The World Economics Food Price Index (FPI) is based on average end-user prices for a typical basket of grocery items in national currencies
Durable Goods Price Index

  OCTOBER 2014
Durable Goods Price Index
Price Index for durable goods. e.g. Kettles and homeware.
Gasoline Price Index

  OCTOBER 2014
Gasoline Price Index
Analysis of the average end-user prices for RON-95 Petrol in indexed from national currencies.
Hospitality Goods Price Index

  OCTOBER 2014
Hospitality Goods Price Index
Hospitality service prices for the 15 top global economies in comparable index form.
Cost of Fun Price Index

  OCTOBER 2014
Cost of Fun Price Index
The cost of recreational goods and services from Golf Clubs, iPads, music downloads to holiday flights.

Growth Trackers

Global Growth Tracker   annual update: 2014
World Economics research shows that the global economy grew for 51 out of the past 52 years. The World Economy grew at 3.8% per year between 1961-2013.
China   October 2014
China’s economy grew at an annual rate of 7.4% in Q2 2014, unchanged from the previous quarter. Composite indicators signaled strong economic activity, with retail sales rising by 11.9% year on year in September.
Commonwealth    May 2013
The World Economics Commonwealth Growth Monitor contrasts the accelerating economic growth of the Commonwealth, with the 5 decade long decline in the rate of growth of the EU.
Eurozone    OCTOBER 2014
Composite indexes signalled slower economic growth, with the LEI down by 0.6% in August. Consumer Confidence remained weak, with the Eurostat index declining 1.4 points in September.
India    OCTOBER 2014
India’s economy grew at an annual rate of 5.8% in Q2 2014 compared to 4.2% in Q2 2013. Composite indicators continued to show strong growth, with the SMI standing at 67.0 in September
United States    October 2014
U.S. economy grew 4.6% in the second quarter compared to -2.1% in the previous period whilst Non-farm payroll figures indicated that 248,000 jobs were added in September.

Release Schedule

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Global Data Releases

World Economics:  Global Marketing Index   SEPTEMBER 2014
Global Marketing Index
The Headline GMI increased by 2.2 points in September, back to the level seen in June and July and up 1.7 points year-on-year to 56.4. 

World Economics:  Global Marketing Index   ANNUAL UPDATE: 2013
World Markets of Tomorrow
Making very modest assumptions about economic growth, the world in 2050 becomes visible in outline, with profound implications.
World Economics Updates   World Economics Updates
Sign-up for FREE monthly economic data releases.



Recent Papers

New on World Economics: Measuring Asia-Pacific GDP


  AUGUST 2014
Measuring Asia-Pacific GDP
New on World Economics: Global Growth Tracker


  MAY 2014
Global Growth Tracker
New on World Economics: Argentina’s Inflation Data Problems


  FEBRUARY 2014
Argentina’s Inflation Data Problems
New on World Economics: Measuring Latin American GDP


  JANUARY 2014
Measuring Latin American GDP
New on World Economics: Measuring Argentina's GDP: Myths And Facts


  JANUARY 2014
Measuring Argentina's GDP: Myths And Facts
New on World Economics: China Becomes the Worlds largest Economy in 2013


  DECEMBER 2013
China Becomes the Worlds largest Economy in 2013
New on World Economics: Measuring African GDP


  DECEMBER 2013
Measuring African GDP
New on World Economics: How to create a British Sovereign Wealth Fund


  NOVEMBER 2013
How to create a British Sovereign Wealth Fund
New on World Economics: Understanding Commercial Property Price Indexes


  OCTOBER 2013
Understanding Commercial Property Price Indexes
New on World Economics: The Need to Improve Global Real Estate Data


  SEPTEMBER 2013
The Need to Improve Global Real Estate Data
New on World Economics: The Nutella Tax: patronising, protectionist and promoting poverty


  SEPTEMBER 2013
The Nutella Tax: patronising, protectionist and promoting poverty
New on World Economics: Emerging Market Economic Data Cannot be Trusted


  AUGUST 2013
Emerging Market Economic Data Cannot be Trusted
New on World Economics: Demystifying Youth Unemployment


  AUGUST 2013
Demystifying Youth Unemployment
New on World Economics: Africa’s Growing Appetite for Infrastructure Expenditure


  JULY 2013
Africa’s Growing Appetite for Infrastructure Expenditure
New on World Economics: Haemorrhage of Illicit Financial Flows in Africa


  JULY 2013
Haemorrhage of Illicit Financial Flows in Africa
New on World Economics: France Benefits at the expense of the African Franc Zone


  JULY 2013
France Benefits at the expense of the African Franc Zone
New on World Economics: Can economic growth hurt investors?


  JULY 2013
Can economic growth hurt investors?

Spotlight: When to Buy and When to Sell Equities?


When to Buy and When to Sell Equities?


Spotlight: Growing US trade imbalance with China


Growing US trade imbalance with China


Spotlight: The UK Bank Rate (1694 – 2014)


The Bank Rate (1694 – 2014)

Spotlight: Eurozone Inflation (1997 – 2014)


The Bank Rate (1694 – 2014)




Classic Papers from the Archive



  What do Economists Know?
Economists can be confident about quite a lot of what they do think they know, even when they are disbelieved by large parts of the public not to mention political leaders and policy makers. Sir Alan Budd revisits some fundamentals.


  How to Tackle Poverty
This article argues that, beyond the headline-grabbing generalities, development economists are building up a detailed body of empirical evidence specific to individual countries which will shape more effective policy interventions in the years ahead.


  The Economics of Epidemics
An analysis of the economic implications of the Great Plague in the fourteenth century, the 1918–19 influenza epidemic, the HIV/AIDS curse and SARS to demonstrate the short- and long-term effects of different kinds of epidemics.


  The Value of Vaccination
Despite advances during the twentieth century, immunization coverage is far from universal and faces significant obstacles in both developing and developed countries. The paper shows that the economic effects via improved health - have been underestimated, thereby causing the rate of return to be underestimated.



  How Many Wildebeest do You Need?
A close look at the Wildlife Act, by pandering to the welfare lobby, the act removes all remaining incentives for communities and landowners to keep wildlife on their land.


  The Economics of Copyright
A review of the economic issues behind copyright and how these are challenged by changes in technology and market structure


  The Case for Narrow Banking
The paper argues that regulatory reform should emphasise systemic resilience and robustness, not more detailed behaviour prescription.
 


  The Costs of Violent Crime
A review of a number of studies that have sought to estimate the economic costs of criminal offending and, more specifically, violent crime.


  An Economic Analysis of the Mafia
This paper reviews the current economic thinking on the Mafia phenomenon and distinguishes the Mafia from ordinary criminal gangs by the desire of the exclusive right to commit criminal acts.



  Weapons Exports - The Bogus Moral Dilemma
Samuel Brittan argues that "unaffordable" ethical arms exports arise from a failure to understand the circular flow of income, the fallacy of a "lump of labour" and a long discredited mercantilist view of trade.


  Measuring Global Drug Markets
The continuing demand for measures of the size of global drug revenues has produced a supply of numbers that consistently overstate international financial flows. This paper shows that, rather than $500 billion, the annual figure in trade terms may be about $25 billion.




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