The Germans are clear about what they do – cars and machine tools; the Japanese are clear about what they do – electronics; the Chinese are clear about what they do – they’re the workshop of the world. Evan Davis Read Quote
There is a strong link between the following three things: exporting, manufacturing and the degree of saving by the population. It’s complicated, but if the population doesn’t save, the economy will not tend to export as much, and if it doesn’t export as much, it won’t manufacture enough. Evan Davis Read Quote
What is so striking about Liberia is that in a place where there is so much to be done, I have never seen so many people with nothing to do. Evan Davis Read Quote
Put simply, behavioural economics argues that human beings’ decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively. Evan Davis Read Quote
Although being economics editor sounds impressive, it does not mean I actually edit anything. It mainly reflects two decades of title-inflation at the BBC, which has given ever more status to senior reporters, presumably because it is cheaper to do that than to offer higher pay. Evan Davis Read Quote
But beginners to the World Economics Forum have to understand there is no single Davos experience, and there is no single Davos community either. There are numerous tribes who interact only at a minimal level. Evan Davis Read Quote
All socio-political phenomena in the U.K. come laden with the baggage of a class-based theory or two attached to them. In the case of gay Tories, there is one particularly silly variant of the category, which asserts that gayness is bred in public schools and thus fits with Conservatism like hand in glove. Evan Davis Read Quote
My instinct is to assume that we consumers are an inconsistent bunch. We like competition if it delivers low prices, but grumble if it delivers the bad news that prices need to go up. Evan Davis Read Quote
Britain, however, has ended up specializing in the ones you don’t see as much of: defense aerospace, making drive shafts for cars, pills and drugs, designing chips that go into 94 percent of the world’s mobile phones. Evan Davis Read Quote
