Investors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? Yet this is what happened in the U.S. stock market. The optimists triumphed. However,...

The growth potential of countries increasingly depends on the effectiveness of their innovation systems in creating, diffusing and using knowledge. A large share of market-based or informal knowledge flows occur within industrial clusters that can be seen as reduced-form innovation systems....

Access to institutions of higher education is as important for disabled people as it is for non-disabled students, since it can offer them the same opportunities for employment, social inclusion and poverty alleviation. Furthermore, inclusive practices in schools also encourage the need for...

Finding a suitable work/family balance is a challenge that all parents face. Many parents and children in New Zealand, Portugal and Switzerland are happy with their existing arrangements. However, many others feel seriously constrained in one way or another, and their personal well-being suffers...