Economic Theories | South China Morning Post
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  • Jan 30, 2015
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Economic Theories

Tired ideas won't save ailing Western economies

Tired ideas won't save ailing Western economies

Over the past 20 years, nearly everyone seems to have become an economics expert. Discussions about complex economic theories, once reserved for dusty lecture halls in elite universities, are now heard all over Hong Kong.

Monday, 15 October, 2012, 1:53am 3 comments

How to turn 'resource curse' into blessing

New discoveries of natural resources in several African countries raise an important question: will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries?

13 Aug 2012 - 11:14am

New world order: biological science links patterns of economic behaviour

The summer heatwave in the US corn belt is going to hit grain production and has already raised food prices. So far, such price increases have not yet translated to global inflation, thanks to better food crop production in other parts of the world.

21 Jul 2012 - 12:00am

Smart money

Some useful macroeconomic blogs:

9 Jan 2012 - 12:00am


Self-help books are not my thing. But the nuts and bolts of marriage and what makes it tick fascinate me. Two journalists - Paula Szuchman of The Wall Street Journal and Jenny Anderson of The New York Times - promise in Spousonomics a 'clear-eyed, rational route to demystifying your disagreements and improving your relationship' from the perspective of economics.

1 Jan 2012 - 12:00am

Plan for third runway won't fly without fuel

If a third runway is added to Hong Kong International Airport, it would not be fully operational until the 2020s. The Airport Authority argues that it is necessary, based on projections of rising demand for air travel.

9 Aug 2011 - 12:00am

It is time for officials to revive the Home Ownership Scheme

While the financial secretary made a U-turn, now giving citizens HK$6,000 in cash instead of putting it into Mandatory Provident Fund accounts managed by large financial institutions, the 2011 budget's biggest fault is in the economics. It is benefiting the largest financial institutions and developers.

8 Mar 2011 - 12:00am


Freefall by Joseph Stiglitz Allen Lane HK$130

10 Oct 2010 - 12:00am

Resources firms advised to tread softly when buying abroad

Chinese mining and resources companies should adopt a low-key approach when looking to acquire overseas assets if they want to avoid inflaming nationalist sentiment, according to industry veteran Chip Goodyear, the former chief executive of BHP Billiton.

17 Apr 2010 - 12:00am

Voodoo economics

Hong Kong's government leaders and politicians are giving new meaning to the term 'voodoo economics'. As our economy rapidly turns Siberian in the wake of the global financial crisis, our leaders are tripping over each other to offer prescriptions for our sagging economy. Taking a cue from Taiwan, the Liberal Party advocated issuing coupons to boost domestic consumption.

5 Jan 2009 - 12:00am

Global stocks soar on stimulus plans

Buyers returned to local and world equity markets yesterday as investors cheered the latest round of government stimulus measures, hoping they would be enough to buoy the sinking global economy.

9 Dec 2008 - 12:00am


What the movers and shakers are reading

Professor Michael Luger, Dean, Manchester Business School

22 Nov 2008 - 12:00am

Complacency won't control impact of oil

'The Sub-Committee noted an analysis which concluded that the oil intensity of the Hong Kong economy had remained stable at a relatively low level in the past decade. The analysis suggested that the direct impact of rising oil process [sic] on Hong Kong's output and inflation, although not negligible, was relatively small.'

28 Jul 2008 - 12:00am

Oil scarcity paints a bleak picture for Asia

A fresh assessment of Asia's energy outlook asserts that the region, along with the United States, is being confronted with a 'daunting challenge' as oil consumption rises much faster than production and the end of the world's oil supply is in sight.

13 Feb 2008 - 12:00am

In terms of bang for buck, oil shock meaningless for HK

And so oil at US$100 a barrel is almost upon us, is it? That's as good a reason as any to send markets down when they are already in a downish mood. Bring on the doom and gloom.

But just one moment first. Perhaps we may want to think of one or two trends that could take some of the gloom off the doom, particularly for Hong Kong.

23 Nov 2007 - 12:00am