Hacked and Blocked

JP Bio PhotoDr. John Psarouthakis, Executive Editor of www.BusinessThinker.com,

Dear readers, visitors, and contributors to the BusinessThinker.com.

Early last month the Business Thinker(BT) was hacked and blocked that rendered it inaccessible in the Internet. I am delighted to inform you that BT is back on line!

I am sorry about this happening. It is the 3rd time it has happened during the 6 years of BT’s Internet presence, however, it was the most severe. It seems that the more BT grows in the number of visitors from across the Globe the more of these hackers become a problem. We will try to protect the site more so from here on.

Glad to be back and looking forward to your visiting the site and keep up with our business related articles.

With my regards

Dr. John



1in 3 Companies Constrained by Corruption

jim-kimBy Dr. JimYong KimM.D., Ph.D. is the President of the World Bank Group. Soon after he became president in July 2012, the organization established two goals: ending extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent of the population in developing countries. Kim’s career has been focused on health, education, and delivering services to the poor.

Approximately one in three companies around the world identify corruption as a major constraint to operating their business. We can and must do much more to combat corruption. It poses an enormous obstacle to the global goal of ending extreme poverty, denying resources to the poor and undermining the delivery of services to the vulnerable. 

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Greater Inequality Not Due To New Technology And Free Trade

scoccoBy Sandro Scocco is Chief Economist at the Stockholm-based think tank Arena Idé and has a background as the Chief Economist of the governmental research institute ITPS. He is also a former Director at the Labour Market Board and served during the 1990s as an adviser to several Swedish social democratic ministers.

From the Social Europe Journal, December 9, 2016

A popular narrative today is that low-income groups in the western world have fallen behind owing to jobs lost to new machines and to low-paid jobs overseas. Political populists like Trump or Le Pen have happily exploited this frustration with nostalgic, nationalistic and anti-free trade messages. A new study shows that this narrative has little support in historical trends.

Certainly, large groups have fallen behind in recent decades. But this is true not only of low-income groups but also of large parts of the middle class in many countries. Take, for example, those with higher education in the US; their real incomes have stagnated in the past 15 years. In the whole of the industrialised world median wage growth has fallen markedly behind GDP growth. By contrast, the top 1 percent have increased their income much faster than the rise in GDP and, in some countries, including the US and Sweden, they have more than doubled their income share.

So, there is a clear breeding ground for anger and frustration among broad groups, and not just among low-income earners, but is it really related to technology and trade?

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