Category: Corporate Governance
Blog: Corporate Power & the Global Economy
Corporations sit at the heart of contemporary capitalism. They command vast resources, govern entire swaths of our economy, and wield immense political power. For instance, the 2017 sales of Walmart, the world’s top retailer, was around US$500 billion, around the scale of the GDP of a rich [...]
Read moreBlog: Davos Download: This time it MUST be different
by Liam Byrne MP, Chair of the All-Party Parliamentary Group on Inclusive Growth
This year’s World Economic Forum, was given a flying start by the Managing Director of the IMF, Christine Lagarde, who delivered the organisation’s first ever Davos update on the world economic outlook. For the first time since the financial crisis, economists are now forecasting that the [...]
Read moreBlog: The wealthy have been doing rather well but what about the bottom 50%?
by Deborah Hardoon, Deputy Head of Research at Oxfam
Gotta love a data release. Every year I look forward to the release of the Credit Suisse Global Wealth databook. An immense piece of work, developed over a decade and led by Anthony Shorrocks, which brings together all available data on household wealth within countries all over the world. It [...]
Read moreBlog: The role of business in an inclusive economy
by Sacha Romanovitch, CEO of Grant Thornton UK LLP
Nearly ten years ago, in the midst of the global financial crisis, I found myself at work late into the night, planning the restructure of our firm. This was the worst thing I have ever had to do – taking decisions that I knew would have severe consequences for some of my colleagues and their [...]
Read moreBlog: Why finance matters for inclusive growth
Most people would agree that a successful modern economy, particularly one which promotes inclusive growth, requires an effective financial system. But few stop to ask how we might measure efficacy. Indeed you will search, almost in vain, amongst the writings of economists to find a single one [...]
Read moreBlog: Community-led and collaborative models of growth are the cornerstone of an inclusive economy
by Nat Defriend, Director of Communities at the Young Foundation
We want to return to what she said in 2016 to offer her three concrete ideas for what she should do to deliver on this critical agenda. 1) The Prime Minister talked in 2016 about combatting the entrenched advantages of the privileged few. She was right to do so. We know from our work in […]
Read moreBlog: The UK economy needs fundamental reform
by Michael Jacobs, Director of the IPPR Commission on Economic Justice
Last week’s announcement by the Bank comes at a time when the UK’s growth forecasts are being downgraded and average real wages are falling. The MPC’s warning is solely a reflection of its mandate to control inflation: since the EU referendum vote, the depreciation of the pound has been pushing [...]
Read moreBlog: Tackling extreme pay inequality must be central to securing inclusive growth
by Wanda Wyporska, Executive Director of The Equality Trust
Last summer, the Prime Minister pledged to build a nation that “works for everyone, not just the privileged few”. One of her central ambitions in setting out this vision was to tackle irresponsible business behaviour that leads to “irrational, unhealthy and growing” pay gaps between bosses and [...]
Read moreBlog: Re-framing Tax Spillover
by Richard Murphy & Andrew Baker
Tax continues to fascinate the media, politicians and international political economists. In that approximate order there is also an increasing demand for data to support action on what many think to be tax abuse. Much of that demand relates to specific abuses of tax systems, whether by tax [...]
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