INTERNATIONAL. Classical political economists like Adam Smith or David Ricardo never used the term “economy” by itself. They always used the term “political economy.” For classical economists, it was impossible to understand politics without economics or economics without politics.
The two fields are certainly different but they are also intimately linked. The use of the term “economy” by itself did not begin until the late 19th century.
Smith understood that while an efficient market would emerge from individual choices, those choices were framed by the political system in whi
INTERNATIONAL. The investment community is significantly more likely than CEOs to consider misaligned performance incentives as a barrier to change: almost half (49%) of investors surveyed in the report flagged this as a major concern compared to only 17% of chief executives.
UAE. 51% of all Dubai hotels in mid-market segment versus 89% in New York; PwC research released at ATM 2016 touts construction figure of US$80k per room as incentive for developers looking for solid returns in high demand segment.
SAUDI ARABIA. The slowdown is due to demand-supply mismatch and the country's overall macroeconomic scenario, according to JLL's latest report; The existing mismatch is expected to widen as more retail and office supply is expected to enter the market with the easing of backlog projects.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."