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The United Nations Sustainable Development Goals provide a snapshot of current thinking on poverty reduction. One of the goals focuses on improving schools, for example. Others call for better jobs and lower corruption. I want to argue for a solution that touches on all of these problems. Reducing poverty depends on helping poor people manage their money. Bank accounts are one of the best ways to do that.

How this one change can help people fight poverty

By: EBR | Friday, August 10, 2018

Nearly 800 million people globally live in extreme poverty, estimates the World Bank. Africa is home to more extremely poor people than all other regions combined. Most of the poor have low educational attainment and work in agriculture

In short order, Trump has shattered this most unique and successful alliance, questioned the value of NATO and disgraced its leaders. He is keen to tear Europe apart and subject it, along with his United States, to the whims of the West’s harshest enemy, Putin’s Russia.

Trump’s betrayal and the future of the EU

By: EBR | Friday, August 10, 2018

In the age of Trump, the EU must strive toward ending its psychological and emotional dependency on the U.S. and be prepared to act unilaterally and independently

The Portuguese striker was signed by the Italian giants in July at a cost of €112 million - the sixth most expensive transfer of all time. Ronaldo is considered one of the world’s most marketable athletes, and in the days following his move, the Turin club had reportedly sold €52m worth of club jerseys. Surely that enormous transfer fee would be paid back in no time?

What Cristiano Ronaldo tells us about the economics of football

By: EBR | Friday, August 10, 2018

The 2018 World Cup in Russia may seem like a distant memory, but with less than a month having passed since France lifted the trophy, football fans haven’t had to wait long before the European leagues start to return to action this week

One reason why plastic pollution seems to get more attention than other threats to the ocean is that the issue may have a technological “fix”. The Ocean Cleanup is the flagship tech solution to marine plastic and proposes using several 600-metre long barriers to float in the ocean current and catch plastic drifting in the surface waters of the gyres.

Is technology the secret to cleaning up the oceans?

By: EBR | Monday, August 6, 2018

Our oceans are threatened by three major challenges: climate change, overfishing and pollution

The even bigger political magic the Republicans have pulled off is to get their voters to support Putin at the very same time as Republican campaign managers try to scare off potential Democratic voters by talking about the Democrats’ turn to “socialism.”

America’s Fifth Column

By: EBR | Tuesday, July 31, 2018

If, in the B.T. (=Before Trump) era, anybody had ever posited that the Republican Party would turn out to be Moscow’s and Putin’s best ally, they would have been declared insane

Poland, the Baltic States, Bulgaria and Romania recorded an increase in income per capita in relation to the EU average, and this trend has been maintained. The rate of economic growth in these countries is – so far – higher than in Western Europe. However, there are questions: Will this convergence continue? And whether convergence works for everyone. This can be seen on the example of Poland, which will reach other EU countries, although at the same time regional inequalities increase. The disproportions between people also grow.

Can Poland catch up with the West on digitisation?

By: EBR | Tuesday, July 31, 2018

Acceleration of technological development provides huge opportunities for qualified employees. In an interview with EURACTIV Poland, Christian Bodewig from the World Bank Group explains how non-routine skills and competences not yet possessed by machines become increasingly relevant

As the UK government has slowly but surely lost its illusions about what it can achieve in negotiations with the EU, voters have changed their tune about Brexit. The percentage of voters in favor of Brexit now lags the percentage against Brexit by five points – down from a four-point lead in August 2016.

The sad irony of Brexit

By: EBR | Tuesday, July 31, 2018

Though UK voters have changed their tune on Brexit, there is little chance that it will be reversed

How good are we at detecting lies? The paper “Can Ordinary People Detect Deception After All?” by Leanne ten Brinke (UC Berkeley), Kathleen Vohs (University of Minnesota) and Dana Carney (UC Berkeley) noted that we are bad at it, at least on a conscious level. In fact, we tend to have a truth bias: We are likely to believe others are truthful more often than they actually are because there is a high social cost of spotting a liar, especially if our assessment turns out to be wrong.

The truth about lies in negotiations

By: EBR | Tuesday, July 31, 2018

It’s a complex game of “catch me if you can”

In Sweden, for example, the government has trialled allowing workers at a retirement home to work six hour days. Although the employees reported an improved quality of life, with less stress and more time to spend with their families, it was also an expensive experiment for the local council who had to hire extra workers to make up for the shortfall in hours.

Working fewer hours makes you more efficient. Here's the proof

By: EBR | Friday, July 27, 2018

Happy, committed and productive. That is how most companies would like their staff to be. But few companies would go so far as giving their workers one day off a week in order to achieve it

Digital innovations may have contributed to magnifying market rents in more concentrated markets, which partly explains the increasing income share of top income groups (specifically top executives and shareholders) – compared to the majority of workers who have seen their wages stagnate since 1980, particularly the bottom 50 percent.

How the digital economy has exacerbated inequality

By: EBR | Thursday, July 26, 2018

In today’s markets, firms and executives with even the tiniest competitive advantage grab all the spoils

I argue that the “singularity hypothesis”, that it’s all down to the iconic man or woman at the top, is a myth. The reality is that much of a CEO’s success or failure can be ascribed to context. Specifically, I outline six factors below that contribute to the CEO’s success or failure, based on my research into, and teaching of, top executives.

Six reasons CEOs fail

By: EBR | Thursday, July 26, 2018

Transformational leaders are the exception, not the rule

Greece’s current programme will end on 20 August 2018. The ESM will disburse a final €15 billion loan once all national procedures have been completed. This will allow Greece to leave the programme with a liquidity buffer of more than €24 billion in August. This liquidity buffer is sufficient to cover Greece’s financing needs for 22 months after the end of the programme.

ESM’s Regling: Greece is able to repay its debt

By: EBR | Tuesday, July 24, 2018

Greece is the only country that is still in an ESM programme. There are three reasons why it took Greece so long

Many regulations play this standard-setting role. Contrary to the simplistic view that regulation is inevitably bad for business, there are in fact three important channels through which regulation can benefit an economy.

3 ways that regulation benefits economies

By: EBR | Friday, July 20, 2018

One of the striking changes any rich-world traveler to low-income countries cannot fail to have missed during the past decade or so is the rapid spread of mobile phone use, followed now by expanding mobile Internet access

In 2017, Parker warned that social media "literally changes your relationship with society, with each other…God only knows what it’s doing to our children’s brains." Parker has two young children, so he's surely familiar with the universal tactic of handing over a screen to buy a moment's peace - the so-called "digital pacifier".

5 surprising ways digital technology is changing childhood

By: EBR | Friday, July 20, 2018

When even tech veterans such as Napster founder Sean Parker critique how smartphones are affecting childhood development, you know a shift is coming

Women are becoming a force to be reckoned with on the start-up scene across the Middle East. Because the tech industry is still relatively new in the Arab world, there is no legacy of it being a male-dominated field. Many entrepreneurs from the region believe that technology is one of the few spaces where everything is viewed as possible, including breaking gender norms, making it a very attractive industry for women.

How women are transforming the Arab world's start-up scene

By: EBR | Friday, July 20, 2018

It may surprise some to learn that one in three start-ups in the Arab World is founded or led by women. That’s a higher percentage than in Silicon Valley

When we envision the AIs of the far future, maybe WALL-E and C-3PO aren’t the droids we should be looking for. Instead, we might picture something more like a smartphone full of apps, or a kitchen cupboard filled with gadgets. As we prepare for a world of algorithms, we should make sure we’re not planning for thinking, general-purpose wonder-boxes that might never be built, but instead for highly specialised toasters.

The AI revolution will be led by toasters, not droids

By: EBR | Friday, July 20, 2018

Will the intelligent algorithms of the future look like general-purpose robots, as adept at idle banter and reading maps as they are handy in the kitchen?

While Donald Trump and his Russian counterpart Vladimir Putin were busy gathering for a high-profile summit in Helsinki on Monday, a far less publicized meeting between two other world powers was simultaneously held in Beijing. The twentieth EU-China summit was maybe less attention grabbing but is still significant in its own right. Although the EU-China relationship is becoming more fraught, both sides shared an interest in a summit marked by more positive tone this time around.

Trump provides China an opening in Europe

By: EBR | Thursday, July 19, 2018

Don’t place bets that a divided EU can successfully navigate a delicate balancing act between a disruptive Trump and an assertive China

Any loose statements Trump might have made during his two-hour private meeting with Putin may never be known or verified. Contrary to widespread fears among Western observers and Trump’s own statements in the run-up to the meeting, details regarding Russia’s annexation of Crimea and the Western sanctions were conspicuously absent from the carefully crafted statements at the press conference. When answering journalists’ questions, it was interestingly Putin who chose to address the Crimea issue.

Trump and Putin go home

By: EBR | Tuesday, July 17, 2018

The Helsinki summit painfully underlined that the global order is under a frontal attack—and that the West is struggling to respond

Greece is approaching the end of an odyssey. After eight drama-filled years, it is now barely six weeks until the debt-burdened country exits its third and final international bailout programme. Renaissance, rebirth, recovery are mots du jour as the historic date nears. And relief is etched on the faces of officials in Brussels.

Has Greece finally escaped the grip of catastrophe?

By: EBR | Monday, July 16, 2018

The country will exit from its final international bailout within weeks but, with no sign the debt will ever be paid off, some fear another crisis

Now, after decades of such practices, China is waging a worldwide campaign to impose its own definition of “One-China policy” by coercing countries, as well as foreign companies, to restrict even unofficial ties with Taiwan. China is unilaterally changing the status quo, and is a major cause of instability and potential conflict in Asia, if not beyond.

When your “One-China policy” is challenged

By: EBR | Monday, July 16, 2018

It is no news that China bullies Taiwan. But China’s recent coercion of foreign companies is news, and should be a wake-up call for countries to think about whether their own “One-China policy” has been infringed

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EU Actually

Guterres: the one and a half Celsius is dead

N. Peter KramerBy: N. Peter Kramer

On the eve of the UN climate conference COP30 in Brazil, the word was finally out.

Europe

Neglecting its poorest regions risks being a fatal EU mistake

Neglecting its poorest regions risks being a fatal EU mistake

Giles Merritt warns against halving cohesion funds in the new MFF when hard-hit rural regions flock to support the populists’ disruptive messages

Business

China to loosen chip export ban to Europe after Netherlands row

China to loosen chip export ban to Europe after Netherlands row

Beijing has said it will loosen a chip export ban it imposed after Dutch authorities took over Nexperia, a Chinese-owned chipmaker based in the Netherlands.

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