One of the country’s most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press Awards.
29 July 2014 07:49 PM
This is not a new Cold War. These new upgraded, “phase three” economic sanctions will not suddenly bring Russia to its knees. But what they will do, coupled with Russia’s response to them, is make it impossible for Russia to escape the middle income trap – stop it from turning itself into a fully developed economy, with all the wealth and other benefits that western Europe enjoys, and its former satellites in eastern Europe are now acquiring.
29 July 2014 05:54 PM
Putin's desire to restore past glories of the Soviet Union will lead to economic failure
27 July 2014 12:00 AM
Hamish McRae: It’s not a question of if, but when... interest rates have been kept artificially low for long enough
24 July 2014 01:33 AM
Economic View: Monetary policy has become easier without the Bank of England doing anything
22 July 2014 07:58 PM
No one wants to be dependent on Russia. This is not sanctions. It is common sense
20 July 2014 12:00 AM
Hamish McRae: The Brics are banking on a rather old-fashioned idea to challenge US and Western dominance
17 July 2014 01:42 AM
Economic View: Is the new bank likely to be of much use? The emerging countries have done pretty well without it
13 July 2014 12:00 AM
Hamish McRae: After the recent bull run, it wouldn’t be surprising if there was a correction in the markets soon
10 July 2014 12:41 AM
Economic View: The central banks have printed shed-loads of money and it has to go somewhere
10 July 2014 12:00 AM
Maybe economics should not be billed as "the dismal science" after all. The expression was coined by the Scottish historian Thomas Carlyle more than 150 years ago. Since then there has been a huge explosion of wealth worldwide, but even now it is much easier to promote economic gloom than economic success – witness the appeal of the pretty dismal observations of Thomas Piketty. So Gerald Lyons's solid and convincingly optimistic perspective is a welcome counterpoint to the narrow concerns about both the overall decline of the West and the growing inequalities within the developed world.
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