Learning to adapt to the growing gig economy

The labour market is changing. creating opportunity and putting pressure on business and government to adapt

Learning to adapt to the growing gig economyThe rise of the gig or sharing economy is one of the most visible trends shaping the contemporary labour market. Most gig jobs fall into the category of contingent work. Such work can be contrasted with a traditional job, in which a person has a durable and structured employment relationship with a specific employer. Today,…

We need to start putting a value on intangible assets

The new economy relies on outputs like software, social media networks and apps. But very few of these new intangible value drivers fit into the existing accounting framework

We need to start putting a value on intangible assetsIf you're in business today, you no doubt face a conundrum: the financial statements of your company tell you that certain physical objects are the principal assets of your business but, sadly, that's not what the market or your gut tell you. Business increasingly relies on non-traditional sources of value. For example, most software companies…

Britain’s social (and economic) revolution

A stunning 94% of Britain’s richest made their money themselves. Land ownership no longer holds the keys to the kingdom

Britain’s social (and economic) revolutionIf you watched the royal wedding, you’d be tempted to think of Britain’s social order as immutable. While the bride’s background introduced a degree of diversity, the image of Britain as hereditarily hierarchical seemed to be alive and well. Reality, though, is different. The tectonic plates have shifted significantly over the past half-century, transforming what…

Federal government should sell EDC before risks get too high

The Crown lender plays in an international vipers’ nest, so controversy and risk may be inevitable

Federal government should sell EDC before risks get too highExport Development Canada (EDC), a Crown lending corporation, faces controversy for funding Turquoise Hill Resources. The mining firm allegedly used offshore entities to minimize the taxes it pays, including to Canada. EDC’s $1-billion-plus loan to Turquoise Hill represents nearly 1.5 per cent of the lender’s assets. EDC is also trying to repossess a Bombardier executive…

Ten shocks that could overturn our world

Future factors and potential disruptions that could have a truly transformative impact on life, society, government, the economy, and business

Ten shocks that could overturn our worldThe world is becoming increasingly aware that there is no such thing as ‘normal’ any more. Some say this near immunity to large scale shocks started with the UK’s decision to leave the European Union, Donald Trump’s election as U.S. President, and the revelations about fake news on social media influencing voters and elections around…

The Marshall Plan wasn’t a silver bullet

Called ‘the most generous act of any people, anytime, anywhere, to another people,‘ the post-war economic boost still had flaws

The Marshall Plan wasn’t a silver bulletU.S. President Harry Truman signed the Marshall Plan into law 70 years ago this month. Named after then-U.S. Secretary of State George Marshall, the plan was aimed at the economic reconstruction of Europe in the immediate aftermath of the Second World War. It got rave reviews. Its own chief administrator characterized it as “the most…

Paradise lost: dark economic clouds gather over Spain

The world’s largest hedge fund, Bridgewater Associates, is betting against Spain. Investors should wonder why

Paradise lost: dark economic clouds gather over SpainSpain is one of the most popular destinations in the world for a beach holiday, but its business climate is less welcoming at the moment, thanks to a huge hedge fund bet. The world’s largest hedge fund, Bridgewater Associates, has bet $22 billion that the share prices of several European companies will go down. The…

Can globalization sustain the economic tide that raises all ships?

Despite its status as an economic superpower, it is the U.S., under Donald Trump, that is shaping the narrative on the abuses of globalization

Can globalization sustain the economic tide that raises all ships?Modern globalization is creating a large number of discontents. Numerous countries feel they’ve been shortchanged over the economic benefits of globalization and free trade. This growing list includes many developing countries and, surprisingly, a few developed countries. One of the leading countries discontented with globalization is the United States. Despite its iconic status as an…

The rising global threats to prosperity

Nationalistic politicians' attacks on free markets and economic freedom driven primarily by the support and desires of rural voters

The rising global threats to prosperityAs France and Turkey show, populism and deepening urban/rural splits represent dangerous and confusing threats to prosperity. The populist economic urge is cropping up around the world, however dissimilar the countries may seem to be. Turkish President Recep Tayyip Erdogan secured his recent constitutional power grab through rural votes, while losing in the big three…

3 reasons why we don’t need to worry about inflation

Central bankers and Finance Ministers are less worried about inflation than they are about reviving growth

3 reasons why we don’t need to worry about inflationDownload this column on inflation for your publication or website. FREE with coupon Terms and Conditions of use VANCOUVER, BC Sep 4, 2015/ Troy Media/ - Across most of the advanced economies, inflation is running well below the rates targeted by central banks. In the United States, the principal inflation measure tracked by the Federal…