Information and development: Globalisation in transition Phuah Eng Chye (3 August 2019) In a recent report, the McKinsey Global Institute (MGI) suggests “important structural changes in the nature of globalization have gone largely unnoticed” and that “globalization is in the midst of a transformation”. They point out “global value chains are being reshaped by rising … “Information and development: Globalisation in transition”
Tag: globalisation
Labour share of income (Part 1 – Theories and measurement)
Labour share of income (Part 1 – Theories and measurement) Phuah Eng Chye (26 May 2018) At the macroeconomic level, the impact of landscape change on labour can be gauged by changes in the labour share of income or the share of national income paid in wages. Noah Smith notes “for decades, macroeconomic models assumed … “Labour share of income (Part 1 – Theories and measurement)”