By John Richardson DON’T SAY I didn’t tell you. An important new IMF study confirms what I’ve been arguing for a long time: China has overtaken the US to become the biggest locomotive of global economic growth. In the five years between 2013 and 2028, China accounted for 28% of all global growth, behind the […]
Asian Chemical Connections
Serving The Needs Of The Vulnerable Poor Majority
By John Richardson HERE is another way of looking at the important new Pew Research study, which I first wrote about last Friday: Just 16% of the world’s population live on incomes that would take them safely above the poverty line in the US in 2011 – the latest year for which all the global […]
Food Prices And Chemicals
Graph prepared by the http://www.thegatesnotes.com/Personal/2012-Annual-Letter By John Richardson RISING food prices resulting from adverse weather conditions in the US, South America and Russia represent yet another threat to global economic growth. Grain prices could, for instance, increase by as much as 25 percent this year, warns Danske Bank. Dry weather in the US has […]
France’s Difficult Future
By John Richardson Francois Hollande, who has the won the French presidential election, talks about cutting the retirement age to 60 from 62 for people who have worked for 41 years. This is a handy slogan for an election campaign. But European pension liabilities suggest that people should be working until they are older, rather […]