Economics of Imperialism

Analysis of how the world economy works

Showing posts with label international labour costs. Show all posts

Showing posts with label international labour costs. Show all posts

Monday, 20 April 2015

Euro Labour Costs

The previous chart is calculated from some recently published Eurostat data on labour costs in the business sector. For several eur...

Saturday, 20 December 2014

How Much Do Santa's Helpers Get Paid?

A large proportion of the world's industrial employment is in poorer countries. In 2012, the International Labour Organisation estimates...

Wednesday, 24 September 2014

T-Shirt Economics Update

In June 2011, I published an article on this blog: "What the 'China Price' Really Means". The article discussed intern...

Tuesday, 22 May 2012

Stubborn Facts

Lenin was fond of the English saying: ‘Facts are stubborn things’. The accuracy of many so-called facts may be disputable, but it can be ...

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About Me

Tony Norfield: I use the term ‘imperialism’ in the classical sense to describe the system of domination in the capitalist world economy. Liberal commentary is more open these days to some notion of imperialism. But usually it is another country that is being imperialist, especially the US, and not the home country. The focus on the US is understandable, but ignores the role that a number of other countries play in the system, not least the UK. If we uncover this too, we will get a better analysis of what is really going on in the world. I am based in London and my academic training is in economics and mathematics. I worked for 8 years as an economic consultant, and for close to 20 years in bank dealing rooms in the City, latterly as Executive Director in charge of analysing global FX markets for a major European bank. I have travelled to some 40 countries on business. At present I am researching imperialism and the world economy. I want this blog to generate informed debate & discussion. Comments are welcome. Nobody has all the answers; anyone can make mistakes. But that is no excuse for being an idiot and not seeking the truth.

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