France's economy is stagnant, statist, and uncompetitive and urgently needs reform. Zanny Minton Beddoes More Quotes by Zanny Minton Beddoes More Quotes From Zanny Minton Beddoes The IMF played crucial roles in the 1980s debt crisis and in the transformation of former communist economies. Radical change, many might argue, is neither necessary nor desirable. Zanny Minton Beddoes debt transformation crisis change Classic English liberalism of the sort that 'The Economist' was founded to champion and still espouses is about open societies and free markets. Zanny Minton Beddoes english free champion classic We have no idea in what way tomorrow's consumers will want to consumer their media. Zanny Minton Beddoes will media tomorrow way Subscriptions is the bulk of our business; ads are nice to have on top of that. Zanny Minton Beddoes our top nice business Although the world has changed dramatically since 1843, we believe that the values that guide 'The Economist' are as relevant as ever. Zanny Minton Beddoes values changed believe world Developing countries have much to gain from capital mobility: the ability to tap external sources of finance, greater financial efficiency from deeper stock and bond markets, and technology transfer and know-how from foreign direct investment. Zanny Minton Beddoes bond investment finance technology I care about waking up to the true issues of the 21st century: inequality, diversity, and the impact of tech. Zanny Minton Beddoes true inequality diversity care You make money out of things people pay for. Zanny Minton Beddoes things you money people It is foolish for anyone to be complacent. Zanny Minton Beddoes anyone complacent foolish I can't wait for the day when it is no longer newsworthy that a woman is appointed editor of a newspaper. Zanny Minton Beddoes newspaper woman wait day Free-trade enthusiasts fret that regional trade arrangements divert more trade than they create. Zanny Minton Beddoes than more create trade Regional currencies will prove the best route to reconciling the economic imperatives of increasing international capital mobility with the political realities of the nation-state. Zanny Minton Beddoes will best prove political When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike. Zanny Minton Beddoes small currency floating financial The industrial world enjoys a rare combination of growth and low inflation; the 'Washington consensus,' a model of economic development that emphasizes macroeconomic discipline and open markets, is being adopted by more countries. Zanny Minton Beddoes discipline growth development world There are a lot of people who are moving from unemployment to disability rolls, and there are a lot of people who have been out of work for a long time who are unable to get jobs. And I think that from a long-term perspective, this is not just a human tragedy, but it's going to be a potentially big hit on the economy in the future. Zanny Minton Beddoes future work time people The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects. Zanny Minton Beddoes job you hurt negative The problem with one single minimum wage is that you don't allow for younger people, who are less skilled and maybe more easily pushed out of the job market, or that the minimum wage should vary for different regions. Zanny Minton Beddoes job you problem people Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery. That means raising retirement ages and overhauling pensions; putting in place the budget rules and institutions that will curb future profligacy; and favouring spending cuts over tax increases. Zanny Minton Beddoes rules place future path Europe's budget plans are better designed: countries from France to Greece are raising retirement ages; others, from Britain to Germany, have created new organisations and rules to encourage fiscal probity. But Europe risks overkill. Zanny Minton Beddoes risks new better retirement Many European countries and Japan need to free their labour markets and liberalise services to boost productivity growth. Zanny Minton Beddoes need free japan growth
