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Hot Topics in Economics

Evaluating the Economic Impacts of Calgary’s Olympic Bid

  • Pedro Antunes
| Nov 29, 2017

Can Health Care and the Free Market Coexist?

  • Kip Beckman
| Nov 27, 2017

Are E-Retailers Responsible for Inflation’s Demise?

  • Kip Beckman
| Oct 16, 2017
Labour markets have been tightening sharply in the United States and Canada. The unemployment rate in the U.S. is well below 5 per cent, while in Canada the rate is quickly approaching 6 per cent. Generally, this development leads to rising inflation, as employers offer higher wages to attract new workers. Yet inflation in both countries remains below the 2 per cent target established by the central banks in both countries.

Why Is Canada Rich While Other Countries Are So Poor?

  • Kip Beckman
| Sep 22, 2017
The celebration of Canada’s 150th birthday was a time for Canadians to reflect on how lucky we are to live in a wealthy country. There were certainly no guarantees way back in the 19th century that Canada would develop into a rich country.

5G Networks—The Future is Here!

  • Kristelle Audet
| Aug 14, 2017
Momentum is clearly building around the future deployment of 5G networks in North America. 5G will be essential in order for Internet of Things (IoT) applications and self-driving cars to become mainstream. It may also unlock significant growth potential for the Canadian telecommunications industry, which has barely grown in recent years as measured by its gross domestic product.

There’s a Buzz in the Air and Yes, It Is Electric…

  • Carlos Murillo
| Aug 10, 2017
It’s been a scorching summer in Alberta, with temperatures consistently above the 30-degree mark during the last few weeks. While not everyone across Canada is lucky enough to enjoy this weather, the high temperatures bring with them a useful reminder of the importance of electricity in our daily lives, a service provided by a key industry that is in a constant state of change.

Nationalism Hasn’t Gone Away

  • Kip Beckman
| Jun 22, 2017
Western democracies breathed a huge sigh of relief following Emmanuel Macron’s victory over far-right and anti-euro candidate Marine Le Pen in the presidential elections in France last month. The election of Donald Trump and the Brexit vote last year led to real concerns that the era of globalization and open borders was coming to an end, to be replaced by nationalist leaders vowing to tear up trade deals and clamp down on immigration.

Inadequate Savings—Not Trade Deals—Account for Much of U.S. Trade Deficit

  • Kip Beckman
| Apr 28, 2017
In the 1930s, the U.S. ran trade surpluses for almost the entire decade. However, these were directly linked to the Great Depression, which had such a devastating effect on the U.S. and world economies that American households stopped buying imports. This historical fact highlights how a trade surplus isn’t necessarily a sign of a healthy economy. Nor does a trade deficit imply that an economy is on the verge of ruin.

Mexico: The Unluckiest Country of All

  • Kip Beckman
| Mar 30, 2017
The economist Raghuram Rajan, the former head of India’s central bank, after extensively researching economic development said “Development is a process of muddling through with no easy and well-trodden paths. It depends on a country taking advantage of fleeting opportunities, as well as enjoying considerable luck.” Mexico has not been lucky.

Anti-Globalization: We Have Been Here Before

  • Kip Beckman
| Feb 21, 2017
Globalization generated sharp increases in wealth, thanks in part to rapidly expanding trade and the free movement of people across national borders. However, the gains from globalization were not shared equally, contributing to voter support for right-wing nationalists who promised to turn the tables on free trade and implement controls on immigration. If that sounds like a description of 2016, it isn’t. The year was 1914: The beginning of World War I ended an unprecedented four-decade increase in trade, immigration, and standards of living. The backlash against open borders and trade sharply weakened the global economy and contributed to the outbreak of World War II.

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