economy Archives - IKON Malaysia

Economist Claudia Goldin wins Nobel Prize

11Oct

By Webmaster IKON MalaysiaNo Comments

The IKON, Women’s Corner

Economist Claudia Goldin wins Nobel Prize

Credit: Bloomberg The work of Harvard economist Claudia Goldin, who has studied the gender pay gap, has been recognized with the economics Nobel Prize. Goldin, 77, received recognition for her studies demonstrating that, despite having greater levels of education, women get paid less than males on average, and that the majority of the discrepancy appears after motherhood. “This year’s Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women’s earnings and labour market participation through the centuries,” the Royal Swedish Academy of Sciences said. “Her research reveals the causes of change, as well as the main sources of the remaining gender gap.” After Elinor Ostrom in 2009 and Esther Duflo in 2019, Goldin is the third woman to...

Think-tank ranks Singapore as the “freest economy in the world,” dropping Hong Kong for the first time since 1970

According to the most current rankings compiled by a Canadian think tank, Hong Kong's half-century reign as the world's freest economy has come to an end, citing deteriorating judicial independence as one reason. For the first time since the index's inception in 1970, the Asian financial hub slid to second place. The Fraser Institute analysis, which was released on Tuesday, is based on data from 2021, and the organisation predicts that the city's rating will decline even further in the next few years. “Hong Kong’s recent turn is an example of how economic freedom is intimately connected with civil and political freedom,” said Matthew Mitchell, senior fellow at the Fraser Institute, in a press release. Singapore took first place over Hong Kong, with Switzerland, New Zealand...

Malaysia’s economic freedom has declined, think tank says

Malaysia came in 56th out of 165 nations in the most recent Economic Freedom of the World study by the Center for Market Education (CME). The study, which CME and the Fraser Institute of Canada carried out, essentially assesses people's capacity to make their own economic decisions across 165 jurisdictions. It examines essential components such as the country's size of government, its legal system and property rights security, access to sound money, international trade freedom, and credit, labor, and business regulation. The report, which uses data from 2021 since there are international comparisons available, demonstrates Malaysia's decline in recent years. “The year before, in 2020, Malaysia ranked 53rd. The 2021 score thus represented a deterioration in Malaysia’s ranki...