From Big Bang to City scandal
Article Abstract:
Very significant developments have taken place in approaches to economic management in the UK since 1986, especially in micro-economics. In 1986, the economic scene was characterised by deregulation, privatisation and the abolition of restrictive practices and trade barriers. The economy grew by 4% in that year, and economic growth increased further to almost 5% by 1988. There were some very significant Budgets in the late 1980s, and many wide-reaching changes took place in the financial services industry at that time.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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Your job can be safe again. Here's how
Article Abstract:
Almost all economists now point to free trade as the driving force behind the success of the world's strongest companies. Deregulation is also justified by highlighting the considerable opportunities which it offers for young, rapidly expanding companies. This view overlooks the fact that such companies have very small workforces compared with more traditional firms. They tend to destroy clerical and administrative jobs, and are contributing to growing inequality of wealth and income.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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Democracy is the winner in open economies
Article Abstract:
It is becoming clear that it is not possible to have the benefits of free capital without the dangers, and that it is necessary to adapt to both. Exchange controls are becoming increasingly ineffective, but they are still able to cause damage. If they cannot prevent capital movements, they can restrict resource allocation and encourage the emergence of corruption and black markets. Liberalization brings dangers, but it is more democratic than regulation.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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