Policy initiatives in several European countries have targeted bank profits to secure public funds. These measures include introducing windfall taxes on excess profits and, in some instances, encouraging higher, taxable dividend pay outs. At face value, the case for taxing banks appears intuitive: people are facing hardship and banks are making record profits. This column […]
Work is the main source of income for most people and a key driver of economic growth, particularly in developing countries. The effects of climate change on labor are significant and multifaceted, with implications for economic performance and poverty. Our recent paper explores the various ways in which climate change affects work and suggests avenues for research […]
From COVID-19 and war in Ukraine to terrorist attacks on the Red Sea and climate-induced drought in the Panama Canal, global supply chains have been hit by an unprecedented barrage of shocks in the past four years. Mitigating the impact of these shocks is of utmost importance considering the harm they have inflicted on the […]
The blue economy holds significant potential to create jobs. Across Africa, the blue economy already generates nearly 50 million jobs. This figure will grow in the coming decades, reaching a projected 78 million jobs on the continent by 2063. In addition to creating employment in existing blue sectors, such as fisheries, maritime shipping, and coastal tourism, new sectors, such as […]
