What is happiness? An economist thinks he may have the answer

Article Abstract:

Italy, Belgium, the UK and Ireland have all seen a rise in average income per head, but there has not been a corresponding uniform rise in well-being in these countries, according to research undertaken by Professor Andrew Oswald at Warwick University, England. Additional GDP only makes a very small contribution to happiness. This goes against the tendency of politicians to make growth in GDP a key measure of the success of their economic policies. Having a job is the main economic factor that influences the happiness of ordinary people.

Psychological aspects, Social aspects, Economic development, Unemployment

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Baby boomers on a spending spree

Article Abstract:

People born during the baby boom years after the second world war are now approaching their 50s. The middle-aged are already the most rapidly expanding sector of the population, and this demographic change will have a significant impact on business and the economy. There will be greater emphasis on products and services which offer individuality, health and convenience. Some observers feel that there will also be a nostalgia effect in spending patterns, with people being attracted to products which fuelled their youthful fantasies.

Middle age

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IT revolution will not disperse our traditional urban centres

Article Abstract:

The increasingly weightless nature of the world economy is creating very strong forces for geographical concentration in goods and services. New forms of technology will disperse some types of geographical concentration, with a clear trend towards work moving out of cities. However, technology will not bring about the end of economic concentration in urban centres. Indeed, cities are now becoming increasingly technology-based, and the information technology revolution will give the new economy a strongly urban nature.

Urbanization

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