World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
 

INDEXES

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Name Value Outlook
SMI: Mongolia - SMI 36.1 Negative
SMI: Mongolia - Market Growth 32.2 Negative
SMI: Mongolia - New Sales 31.1 Negative
SMI: Mongolia - Future Confidence 31.0 Negative
SMI: Mongolia - Prices Charged 46.4 Rising
SMI: Mongolia - Staffing Levels 39.7 Negative
GMI: Global - Marketing Index 55.1 Positive
GMI: Global - Staffing 54.6 Positive
GMI: Global - Trading conditions 57.0 Positive
GMI: Global - Marketing budgets 53.8 Positive
SMI: Africa - SMI 58.8 Positive
SMI: Africa - Business Confidence 71.0 Positive
SMI: Africa - New Sales 57.5 Positive
SMI: Africa - Staffing Levels 52.5 Positive
SMI: Africa - Prices Charged 53.9 Falling
SMI: Africa - Market Growth 59.3 Positive
SMI: China - SMI 55.6 Positive
SMI: China - Prices Charged 49.7 Stable
SMI: China - New Sales 59.1 Positive
SMI: China - Staffing Levels 53.4 Positive
SMI: China - Market Growth 56.1 Positive
SMI: China - Business Confidence 59.7 Positive
SMI: USA - SMI 57.9 Positive
SMI: USA - Business Confidence 66.7 Positive
SMI: USA - Market Growth 58.7 Positive
SMI: USA - Prices Charged 53.9 Falling
SMI: USA - New Sales 53.7 Positive
SMI: USA - Staffing Levels 56.4 Positive
GPI: Global - Gas Price Index 106.9 Falling
GPI: United States 106.0 Falling
GPI: China 87.7 Falling
GPI: Japan 116.5 Falling
GPI: India 105.2 Falling
GPI: Germany 98.4 Falling
GPI: United Kingdom 103.0 Stable
GPI: Russia 139.2 Rising
GPI: France 102.1 Stable
GPI: Brazil 88.4 Falling
GPI: Italy 122.5 Falling
HPI: Global - Hospitality Index 101.3 Rising
HPI: United States 115.9 Rising
HPI: China 78.1 Rising
HPI: Japan 94.4 Rising
HPI: India 110.5 Rising
HPI: Germany 131.6 Falling
HPI: United Kingdom 109.1 Falling
HPI: Russia 102.5 Rising
HPI: France 102.6 Falling
HPI: Brazil 102.6 Falling
HPI: Italy 66.1 Rising
CFPI: Global - Cost of Fun Index 96.1 Rising
CFPI: United States 85.2 Falling
CFPI: China 87.6 Falling
CFPI: Japan 91.4 Rising
CFPI: India 117.2 Rising
CFPI: Germany 94.2 Falling
CFPI: United Kingdom 94.6 Falling
CFPI: Russia 112.1 Falling
CFPI: France 99.4 Falling
CFPI: Brazil 93.3 Rising
CFPI: Italy 86.2 Falling
DPI: Global - Durables Price Index 93.1 Falling
DPI: United States 88.8 Rising
DPI: China 78.2 Falling
DPI: Japan 64.1 Falling
DPI: India 103.5 Rising
DPI: Germany 115.6 Rising
DPI: United Kingdom 85.6 Rising
DPI: Russia 81.8 Rising
DPI: France 97.4 Falling
DPI: Brazil 110.2 Rising
DPI: Italy 106.2 Rising
WPI: China 5.1 Stable
WPI: Japan 116.6 Falling
WPI: India 0.8 Stable
WPI: Germany 41.1 Rising
WPI: United Kingdom 0.7 Stable
WPI: Russia 1.0 Stable
WPI: France 35.0 Rising
WPI: Brazil 0.9 Stable
WPI: Italy 2.9 Stable
WPI: Argentina 9.8 Stable
WPI: Mexico 11.7 Falling
WPI: South Korea 1166.7 Falling
WPI: Canada 1.2 Stable
WPI: Spain 0.9 Stable
WPI: Turkey 1.9 Stable
FPI: Global - Food Price Index 99.5 Falling
FPI: United States 91.4 Falling
FPI: China 113.2 Falling
FPI: Japan 74.9 Rising
FPI: India 104.3 Falling
FPI: Germany 110.6 Falling
FPI: United Kingdom 89.1 Falling
FPI: Russia 103.4 Falling
FPI: France 94.7 Falling
FPI: Brazil 117.3 Rising
FPI: Italy 96.3 Rising
SMI: NAFTA - SMI 58.0 Positive
SMI: NAFTA - Prices Charged 52.6 Falling
SMI: NAFTA - Future Confidence 64.2 Positive
SMI: NAFTA - Market Growth 60.9 Positive
SMI: NAFTA - New Sales 56.3 Positive
SMI: NAFTA - Staffing Levels 56.1 Positive
SMI: Growth Conts. - SMI 58.3 Positive
SMI: Growth Conts. - Confidence 65.3 Positive
SMI: Growth Conts. - Market Growth 58.5 Positive
SMI: Growth Conts. - Staffing Levels 54.3 Positive
SMI: Growth Conts. - Prices Charged 52.3 Falling
SMI: Growth Conts. - New Sales 60.9 Positive
SMI: Americas - SMI 58.4 Positive
SMI: Americas - Future Confidence 62.8 Positive
SMI: Americas - Staffing Levels 58.3 Positive
SMI: Americas - New Sales 55.4 Positive
SMI: Americas - Market Growth 58.5 Positive
SMI: Americas - Prices Charged 57.3 Falling
SMI: Asia - SMI 59.8 Positive
SMI: Asia - Prices Charged 50.5 Stable
SMI: Asia - Future Confidence 70.1 Positive
SMI: Asia - New Sales 63.5 Positive
SMI: Asia - Staffing Levels 55.2 Positive
SMI: Asia - Market Growth 59.7 Positive
SMI: Global - SMI 58.6 Positive
SMI: Global - Market Growth 59.0 Positive
SMI: Global - Staffing Levels 55.2 Positive
SMI: Global - New Sales 59.2 Positive
SMI: Global - Future Confidence 65.8 Positive
SMI: Global - Prices Charged 53.9 Falling
SMI: Global - Man - SMI 58.1 Positive
SMI: Global - Man - Staffing 55.4 Positive
SMI: Global - Man - Confidence 65.5 Positive
SMI: Global - Man - Sales 57.5 Positive
SMI: Global - Man - Market 59.0 Positive
SMI: Global - Man - Prices 53.4 Positive
SMI: Global - Non-Man - SMI 58.8 Positive
SMI: Global - Non-Man - Sales 59.9 Positive
SMI: Global - Non-Man - Confidence 66.0 Positive
SMI: Global - Non-Man - Prices 54.1 Positive
SMI: Global - Non-Man - Staffing 55.1 Positive
SMI: Global - Non-Man - Market 59.0 Positive
SMI: Philippines - SMI 82.5 Positive
SMI: Philippines - Staffing Levels 76.7 Positive
SMI: Philippines - New Sales 82.8 Positive
SMI: Philippines - Market Growth 98.9 Positive
SMI: Philippines - Prices Charged 54.1 Falling
SMI: Philippines - Confidence 99.7 Positive
SMI: Mexico - SMI 55.1 Positive
SMI: Mexico - Market Growth 65.0 Positive
SMI: Mexico - Prices Charged 48.5 Rising
SMI: Mexico - New Sales 50.5 Stable
SMI: Mexico - Staffing Levels 51.0 Stable
SMI: Mexico - Business Confidence 60.4 Positive
SMI: Nigeria - SMI 67.5 Positive
SMI: Nigeria - Prices Charged 53.1 Falling
SMI: Nigeria - Staffing Levels 56.7 Positive
SMI: Nigeria - New Sales 68.8 Positive
SMI: Nigeria - Market Growth 72.2 Positive
SMI: Nigeria - Business Confidence 86.9 Positive
SMI: India - SMI 67.4 Positive
SMI: India - Market Growth 63.5 Positive
SMI: India - New Sales 72.4 Positive
SMI: India - Staffing Levels 57.6 Positive
SMI: India - Prices Charged 49.7 Stable
SMI: India - Business Confidence 93.8 Positive
SMI: LatAm - SMI 55.6 Positive
SMI: LatAm - Business Confidence 52.3 Positive
SMI: LatAm - Prices Charged 58.8 Falling
SMI: LatAm - Staffing Levels 53.7 Positive
SMI: LatAm - Market Growth 58.3 Positive
SMI: LatAm - New Sales 54.6 Positive
SMI: Mongolia - SMI 39.2 Negative
SMI: Mongolia - Future Confidence 34.7 Negative
SMI: Mongolia - Market Growth 37.3 Negative
SMI: Mongolia - Staffing Levels 39.4 Negative
SMI: Mongolia - Prices Charged 47.8 Rising
SMI: Mongolia - New Sales 36.6 Negative
GMI: Global - Marketing Index 56.5 Positive
GMI: Global - Marketing budgets 53.4 Positive
GMI: Global - Staffing 55.9 Positive
GMI: Global - Trading conditions 60.2 Positive
SMI: Africa - SMI 58.7 Positive
SMI: Africa - New Sales 57.3 Positive
SMI: Africa - Market Growth 59.6 Positive
SMI: Africa - Business Confidence 70.4 Positive
SMI: Africa - Prices Charged 53.8 Falling
SMI: Africa - Staffing Levels 52.3 Positive
SMI: China - SMI 55.7 Positive
SMI: China - Prices Charged 50.2 Stable
SMI: China - Business Confidence 59.6 Positive
SMI: China - Staffing Levels 53.2 Positive
SMI: China - Market Growth 56.5 Positive
SMI: China - New Sales 59.1 Positive
SMI: USA - SMI 58.3 Positive
SMI: USA - Prices Charged 53.8 Falling
SMI: USA - Market Growth 59.7 Positive
SMI: USA - Business Confidence 66.3 Positive
SMI: USA - New Sales 55.2 Positive
SMI: USA - Staffing Levels 56.7 Positive
GPI: Global - Gas Price Index 110.0 Falling
GPI: United States 109.8 Falling
GPI: China 91.3 Falling
GPI: Japan 117.3 Falling
GPI: India 108.8 Falling
GPI: Germany 99.1 Falling
GPI: United Kingdom 103.0 Falling
GPI: Russia 138.6 Rising
GPI: France 102.1 Falling
GPI: Brazil 106.5 Stable
GPI: Italy 123.9 Falling
HPI: Global - Hospitality Index 100.2 Rising
HPI: United States 106.2 Rising
HPI: China 75.5 Falling
HPI: Japan 93.7 Rising
HPI: India 105.0 Rising
HPI: Germany 135.6 Falling
HPI: United Kingdom 114.4 Rising
HPI: Russia 97.7 Rising
HPI: France 105.8 Rising
HPI: Brazil 102.7 Falling
HPI: Italy 65.0 Rising
CFPI: Global - Cost of Fun Index 95.9 Falling
CFPI: United States 85.8 Rising
CFPI: China 88.8 Falling
CFPI: Japan 91.2 Falling
CFPI: India 114.1 Rising
CFPI: Germany 96.3 Falling
CFPI: United Kingdom 96.8 Falling
CFPI: Russia 112.2 Falling
CFPI: France 99.8 Rising
CFPI: Brazil 86.5 Falling
CFPI: Italy 87.7 Falling
DPI: Global - Durables Price Index 93.2 Rising
DPI: United States 88.3 Rising
DPI: China 79.2 Falling
DPI: Japan 66.2 Falling
DPI: India 103.1 Rising
DPI: Germany 114.2 Falling
DPI: United Kingdom 84.6 Falling
DPI: Russia 81.5 Rising
DPI: France 101.5 Falling
DPI: Brazil 108.8 Rising
DPI: Italy 104.8 Rising
WPI: China 5.1 Falling
WPI: Japan 117.1 Rising
WPI: India 0.8 Stable
WPI: Germany 40.5 Rising
WPI: United Kingdom 0.7 Stable
WPI: Russia 1.0 Stable
WPI: France 34.8 Falling
WPI: Brazil 0.9 Stable
WPI: Italy 2.9 Falling
WPI: Argentina 9.8 Rising
WPI: Mexico 11.9 Rising
WPI: South Korea 1186.0 Falling
WPI: Canada 1.2 Stable
WPI: Spain 0.9 Stable
WPI: Turkey 1.9 Stable
FPI: Global - Food Price Index 100.28 Falling
FPI: United States 93.63 Falling
FPI: China 114.63 Rising
FPI: Japan 74.3 Rising
FPI: India 104.44 Falling
FPI: Germany 116.1 Falling
FPI: United Kingdom 89.75 Falling
FPI: Russia 104.08 Falling
FPI: France 97.12 Falling
FPI: Brazil 113.4 Falling
FPI: Italy 95.4 Rising
SMI: NAFTA - SMI 58.8 Positive
SMI: NAFTA - Future Confidence 65.3 Positive
SMI: NAFTA - New Sales 57.6 Positive
SMI: NAFTA - Staffing Levels 56.2 Positive
SMI: NAFTA - Prices Charged 52.4 Falling
SMI: NAFTA - Market Growth 62.4 Positive
SMI: Growth Conts. - SMI 58.0 Positive
SMI: Growth Conts. - Confidence 64.9 Positive
SMI: Growth Conts. - Staffing Levels 53.9 Positive
SMI: Growth Conts. - Prices Charged 52.5 Falling
SMI: Growth Conts. - New Sales 59.9 Positive
SMI: Growth Conts. - Market Growth 58.9 Positive
SMI: Americas - SMI 58.9 Positive
SMI: Americas - New Sales 56.7 Positive
SMI: Americas - Staffing Levels 57.4 Positive
SMI: Americas - Future Confidence 63.6 Positive
SMI: Americas - Prices Charged 56.1 Falling
SMI: Americas - Market Growth 60.8 Positive
SMI: Asia - SMI 59.4 Positive
SMI: Asia - Prices Charged 50.9 Stable
SMI: Asia - Future Confidence 69.6 Positive
SMI: Asia - New Sales 62.4 Positive
SMI: Asia - Market Growth 59.6 Positive
SMI: Asia - Staffing Levels 54.4 Positive
SMI: Global - SMI 59.0 Positive
SMI: Global - Market Growth 60.3 Positive
SMI: Global - Staffing Levels 55.1 Positive
SMI: Global - Future Confidence 65.6 Positive
SMI: Global - Prices Charged 54.3 Falling
SMI: Global - New Sales 59.7 Positive
SMI: Global - Man - SMI 58.4 Positive
SMI: Global - Man - Market 60.3 Positive
SMI: Global - Man - Confidence 65.1 Positive
SMI: Global - Man - Sales 57.6 Positive
SMI: Global - Man - Staffing 55.0 Positive
SMI: Global - Man - Prices 54.0 Positive
SMI: Global - Non-Man - SMI 59.3 Positive
SMI: Global - Non-Man - Prices 54.5 Positive
SMI: Global - Non-Man - Staffing 55.2 Positive
SMI: Global - Non-Man - Confidence 65.9 Positive
SMI: Global - Non-Man - Sales 60.7 Positive
SMI: Global - Non-Man - Market 60.2 Positive

Global Sales Managers' Indexes

Global Sales Managers' Index

  NOVEMBER 2014
Global All-Sector SMI
The October Index value of 58.4 is down 0.4 on its value registered in October.

Global Manufacturing Sales Managers' Index
  NOVEMBER 2014
Global Manufacturing Sector SMI
The World Economics Global Manufacturing Sales Managers’ Index is the earliest economic activity report covering manufacturers in 70 countries worldwide.
Global Services Sales Managers' Index

  NOVEMBER 2014
Global Services Sector SMI
The Index registered a value of 58.8 in November, slightly down on Octobers’s 59.3 figure. Panellists indicate that the global services sector continues to exhibit solid economic activity but is experiencing a declining trend.

Sales Managers' Indexes - By Country

New from World Economics: The Sales Managers' Index: China


  December 2014
The Sales Managers' Index: China
The China Index brings together the collective wisdom of Sales Managers throughout China. The earliest source of understanding about what’s really happening in the China.
New from World Economics: The Sales Managers' Index: India


  NOVEMBER 2014
The Sales Managers' Index: India
The Index signals that the Indian economy has been gaining momentum over the past year. The Index increased to 67.4 in November up from 66.8 in October, indicating that the economy is growing at a slightly faster pace. 
New from World Economics: The Sales Managers' Index: Mexico


  November 2014
The Sales Managers' Index: Mexico
The Sales Managers’ Indexes, taken as a whole, show that the Mexican economy remains strong and increased at a steady pace in November.
New from World Economics: The Sales Managers' Index: Mongolia


  December 2014
The Sales Managers' Index: Mongolia
The December Headline Index value of 36.1 indicates that the economy continues to contract at an increasing rate with business confidence falling further.

New from World Economics: The Sales Managers' Index: Nigeria


  November 2014
The Sales Managers' Index: Nigeria
The only available monthly economic indicator which covers all sectors of the Nigerian economy. The Indexes taken as a whole, show that economic growth in Nigeria was strong and broad based in November 2014.

New from World Economics: The Sales Managers' Index: Philippines


  November 2014
The Sales Managers' Index: Philippines
The Sales Managers’ Indexes, taken as a whole, show that economic growth in Philippines has been very strong. The headline SMI at 83.1 is congruent with strong development. 

New from World Economics: The Sales Managers' Index: United States


  December 2014
The Sales Managers' Index: United States
The SMI Headline Index registered a value of 57.9 in December, down 0.4 from its value in November. Sector analysis shows that the manufacturing sector was up by 0.5 as services declined by 0.7.

Sales Managers' Indexes - By Region

New from World Economics: The Sales Managers' Index: Africa

  December 2014
Africa
The SMI registered 58.8 in December, up 0.1 from November. All indexes within the African SMI increased during December except Market Growth 

New from World Economics: The Sales Managers' Index: Americas
  NOVEMBER 2014
Americas
This Index brings together the collective wisdom of Sales Managers throughout the entire continent of The Americas to produce the earliest and only source of understanding about what’s really happening throughout the continents.
New from World Economics: The Sales Managers' Index: Asia

  NOVEMBER 2014
Asia
Confidence among Sales Managers remains strong; meaning business conditions are to remain positive in the coming months for economic development.
New from World Economics: The Sales Managers' Index: Growth Continents

  NOVEMBER 2014
Growth Continents
The Headline Index is designed to reflect overall economic growth, bringing together the average movement of Confidence, Market Expansion, Product Sales, Prices Charged and the Staffing Indices.
The Sales Managers' Index: Latin America

  NOVEMBER 2014
Latin America 
The Index registered 55.6 in November, down by 0.3 on October, indicating that economic activity in the region continues to grow at a stable pace compared to previous months.  
New from World Economics: The Sales Managers' Index: NAFTA

  NOVEMBER 2014
NAFTA
The composite NAFTA Sales Managers’ Index is the best source of understanding about what’s really happening throughout the entire trading bloc.

The Sales Managers' Index Archive


  November 2014
All Countries and Regions
The full archive of Sales Managers' Indexes cover: Africa, Americas, Asia, Growth Continents, Latin America, NAFTA along with the United States, China, India and Mongolia. 



Global Price Indexes

The World Price Index

  December 2014
World Price Index
The WPI provides a monthly index of PPP exchange rates against the US Dollar across the world’s 15 largest economies.
Food Price Index

  December 2014
Food Price Index
The World Economics Food Price Index (FPI) is based on average end-user prices for a typical basket of grocery items in national currencies
Durable Goods Price Index

  DECEMBER 2014
Durable Goods Price Index
Price Index for durable goods. e.g. Kettles and homeware.
Gasoline Price Index

  DECEMBER 2014
Gasoline Price Index
Analysis of the average end-user prices for RON-95 Petrol in indexed from national currencies.
Hospitality Goods Price Index

  DECEMBER 2014
Hospitality Goods Price Index
Hospitality service prices for the 15 top global economies in comparable index form.
Cost of Fun Price Index

  DECEMBER 2014
Cost of Fun Price Index
The cost of recreational goods and services from Golf Clubs, iPads, music downloads to holiday flights.

Growth Trackers

Global Growth Tracker   annual update: 2014
World Economics research shows that the global economy grew for 51 out of the past 52 years. The World Economy grew at 3.8% per year between 1961-2013.
China   December 2014
China’s real GDP was unchanged at 7.4% in Q3 2014, compared to Q2 2014. Composite indicators continued to show strong growth, with the Li Keqiang Index at 147 in October.
Commonwealth    May 2013
The World Economics Commonwealth Growth Monitor contrasts the accelerating economic growth of the Commonwealth, with the 5 decade long decline in the rate of growth of the EU.
Eurozone    DECEMBER 2014
Leading indicators continued to point to weak activity, with the OECD CLI unchanged in September. Retail sales registered a monthly rise of 0.4% in October, after declining by 1.2 in September.
India    DECEMBER 2014
India’s economy expanded at an annual rate of 6.0% in Q3 2014 compared to 5.2% in Q3 2013. Consumer confidence remained high, with the Ipsos ‘CES as Good’ Index standing at 80 in October.
United States    DECEMBER 2014
US economy grew 3.9% in the third quarter compared to 4.6% in the previous period. Non-farm payroll figures showed that 214,000 jobs were added in October.

Release Schedule

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Global Data Releases

World Economics:  Global Marketing Index   December 2014
Global Marketing Index
The Headline GMI decreased by 1.4 points in December. Marketers are continuing to experience solid business activity across the world but at a slightly slower rate of increase. 
World Economics:  Global Marketing Index   ANNUAL UPDATE: 2013
World Markets of Tomorrow
Making very modest assumptions about economic growth, the world in 2050 becomes visible in outline, with profound implications.
World Economics Updates   World Economics Updates
Sign-up for FREE monthly economic data releases.



Recent Papers

New on World Economics: Measuring Asia-Pacific GDP


  AUGUST 2014
Measuring Asia-Pacific GDP
New on World Economics: Global Growth Tracker


  MAY 2014
Global Growth Tracker
New on World Economics: Argentina’s Inflation Data Problems


  FEBRUARY 2014
Argentina’s Inflation Data Problems
New on World Economics: Measuring Latin American GDP


  JANUARY 2014
Measuring Latin American GDP
New on World Economics: Measuring Argentina's GDP: Myths And Facts


  JANUARY 2014
Measuring Argentina's GDP: Myths And Facts
New on World Economics: China Becomes the Worlds largest Economy in 2013


  DECEMBER 2013
China Becomes the Worlds largest Economy in 2013
New on World Economics: Measuring African GDP


  DECEMBER 2013
Measuring African GDP
New on World Economics: How to create a British Sovereign Wealth Fund


  NOVEMBER 2013
How to create a British Sovereign Wealth Fund
New on World Economics: Understanding Commercial Property Price Indexes


  OCTOBER 2013
Understanding Commercial Property Price Indexes
New on World Economics: The Need to Improve Global Real Estate Data


  SEPTEMBER 2013
The Need to Improve Global Real Estate Data
New on World Economics: The Nutella Tax: patronising, protectionist and promoting poverty


  SEPTEMBER 2013
The Nutella Tax: patronising, protectionist and promoting poverty
New on World Economics: Emerging Market Economic Data Cannot be Trusted


  AUGUST 2013
Emerging Market Economic Data Cannot be Trusted
New on World Economics: Demystifying Youth Unemployment


  AUGUST 2013
Demystifying Youth Unemployment
New on World Economics: Africa’s Growing Appetite for Infrastructure Expenditure


  JULY 2013
Africa’s Growing Appetite for Infrastructure Expenditure
New on World Economics: Haemorrhage of Illicit Financial Flows in Africa


  JULY 2013
Haemorrhage of Illicit Financial Flows in Africa
New on World Economics: France Benefits at the expense of the African Franc Zone


  JULY 2013
France Benefits at the expense of the African Franc Zone
New on World Economics: Can economic growth hurt investors?


  JULY 2013
Can economic growth hurt investors?

Spotlight: When to Buy and When to Sell Equities?


When to Buy and When to Sell Equities?


Spotlight: Growing US trade imbalance with China


Growing US trade imbalance with China


Spotlight: The UK Bank Rate (1694 – 2014)


The Bank Rate (1694 – 2014)

Spotlight: Eurozone Inflation (1997 – 2014)


The Bank Rate (1694 – 2014)




Classic Papers from the Archive



  What do Economists Know?
Economists can be confident about quite a lot of what they do think they know, even when they are disbelieved by large parts of the public not to mention political leaders and policy makers. Sir Alan Budd revisits some fundamentals.


  How to Tackle Poverty
This article argues that, beyond the headline-grabbing generalities, development economists are building up a detailed body of empirical evidence specific to individual countries which will shape more effective policy interventions in the years ahead.


  The Economics of Epidemics
An analysis of the economic implications of the Great Plague in the fourteenth century, the 1918–19 influenza epidemic, the HIV/AIDS curse and SARS to demonstrate the short- and long-term effects of different kinds of epidemics.


  The Value of Vaccination
Despite advances during the twentieth century, immunization coverage is far from universal and faces significant obstacles in both developing and developed countries. The paper shows that the economic effects via improved health - have been underestimated, thereby causing the rate of return to be underestimated.



  How Many Wildebeest do You Need?
A close look at the Wildlife Act, by pandering to the welfare lobby, the act removes all remaining incentives for communities and landowners to keep wildlife on their land.


  The Economics of Copyright
A review of the economic issues behind copyright and how these are challenged by changes in technology and market structure


  The Case for Narrow Banking
The paper argues that regulatory reform should emphasise systemic resilience and robustness, not more detailed behaviour prescription.
 


  The Costs of Violent Crime
A review of a number of studies that have sought to estimate the economic costs of criminal offending and, more specifically, violent crime.


  An Economic Analysis of the Mafia
This paper reviews the current economic thinking on the Mafia phenomenon and distinguishes the Mafia from ordinary criminal gangs by the desire of the exclusive right to commit criminal acts.



  Weapons Exports - The Bogus Moral Dilemma
Samuel Brittan argues that "unaffordable" ethical arms exports arise from a failure to understand the circular flow of income, the fallacy of a "lump of labour" and a long discredited mercantilist view of trade.


  Measuring Global Drug Markets
The continuing demand for measures of the size of global drug revenues has produced a supply of numbers that consistently overstate international financial flows. This paper shows that, rather than $500 billion, the annual figure in trade terms may be about $25 billion.




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