Brazil reels from 'the vodka effect.' (economic problems in Brazil)

Article Abstract:

The prospect of economic crisis in Brazil has prompted many wealthy Brazilians to move their money abroad. They have not responded to efforts by the Brazilian government to keep money in the country by raising interest rates. Forthcoming general and presidential elections are adding to Brazil's economic problems, with critics of President Fernando Enrique Cardoso claiming that he is failing to take appropriate action. Almost all economists agree that Cardoso will have to introduce strict fiscal measures to reduce the country's budget deficit.

Economic aspects, Brazil

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Why regulation means we make less

Article Abstract:

Productivity is worst in the UK of all the Group of 7 industrialised countries, according to a report by management consultancy McKinsey. The per capita gross domestic product in the UK is 30% behind that of the US and 15% behind west Germany. Labour productivity within the Japanese automobile industry is 50% higher than in the UK, with output per hour 50% less in the UK hotel industry than in the US. The UK government is expected to focus on productivity to improve competitiveness, although policy has not been agreed.

Statistics, Industrial productivity

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