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07 February 2017

How will the global economic order change by 2050?

By John Hawksworth and Hannah Audino What could the world in 2050 look like? Driverless cars may be commonplace. We might rely completely on renewable energy sources. We might have found a cure for cancer. Maybe we’ll go on holidays into space. Maybe. But one thing we can be relatively...

08 December 2016

Creating a competitive market in telecommunications

By Pietro Crocioni and Maria Chiara Garbellini Professor Martin Cave, Visiting Professor Imperial College Business School concluded the 2016 Beesley Lecture series on 24th November by chairing a panel of distinguished experts on competition and regulation in telecoms including Brian Williamson, Partner at Communications Chambers, Benjamin Wreschner, Head of Regulatory...

02 December 2016

Behavioural Economics – the lessons for regulators

By Pietro Crocioni and Suresh Natarajan Behavioural Economics (BE) has long influenced firms’ commercial and marketing strategies. In recent years it has also grown in popularity with competition and regulatory authorities, as seen most recently in the energy and retail banking market investigations by the Competition and Markets Authority (CMA)....

29 November 2016

Does competition policy need to adapt to the digital age?

By Luisa Affuso and George Hall This year’s Beesley Lecture series began on 6th October with an insightful talk by Hal Varian, Chief Economist of Google. The topic was competition policy in the digital age – a pertinent subject given the ongoing investigations into Google’s conduct by the European Commission,...

24 November 2016

Chancellor boosts investment despite public borrowing overshoot

By John Hawksworth We live in turbulent times, but so far the Brexit vote has not had a major negative effect on UK economic growth. This meant there was no need for the Chancellor to deliver an ‘emergency Budget’ with an immediate large fiscal stimulus to the economy. It is...

15 November 2016

UK public finances after Brexit – how should the Chancellor respond?

By John Hawksworth We live in turbulent times, with the outcome of the US Presidential election throwing further political uncertainty into the mix. But so far the Brexit vote has not had a major negative effect on UK economic growth, with consumer spending and services holding up well over the...

08 November 2016

A market approach to climate change: how and why to regulate global carbon dioxide emissions

By Julie Phillips and Jonathan Grant Paris COP21 set a very ambitious target to limit global average temperature change to 1.5 °C. To achieve this target however, current rates of decarbonisation need to be raised significantly. Michael Pollitt (Cambridge Judge Business School) and Carlo Stagnaro (Italy’s Ministry of Economic Development),...

04 November 2016

What drives emerging markets growth?

By Hannah Audino Economic growth in the emerging and developing economies has been relatively disappointing again this year, with the IMF expecting growth of only around 4% – considerably below the 2000-2015 average of 5.8%. But why has this slowdown happened and will it continue? We think there are several...

26 October 2016

Empowering a new generation of young workers: the $1 trillion prize

By Hannah Audino and David Tran We are now eight years on from the start of the global financial crisis, yet for many OECD countries youth unemployment rates have not fallen back down to pre-crisis levels. In the UK, one in four unemployed young people were out of a job...

05 September 2016

Why GDP may overstate the post-recession feel good factor

By John Hawksworth Both before and after the Brexit vote, much media attention has focused on the potential impact on Gross Domestic Product (GDP), the official measure of total economic activity in the UK. Opponents of Brexit, including ourselves, argued that this would put at risk the economic recovery seen...