“The ghost of John Maynard Keynes…has returned to haunt us”, commented Martin Wolf (2008) in the wake of the global financial crisis, suggesting that the lessons from the father of macroeconomics were the best way to understand the crisis and to return the world economy to health. In fact, the severity of the crisis […]
photo: Mark Nelson Leif Rosenberger: Former Professor of Economics, US Army War College & Former Chief Economist at CENTCOM and PACOM Back in the 1970s, Uganda was one of the worst run economies in the world. Uganda suffered through a lost decade when Idi Amin was in power in the 1970s. Thankfully, Uganda’s economic performance dramatically […]
New pragmatism is an original, paradigmatic and heterodox theoretical concept within the field of economic science, which attempts to address current civilizational challenges and factors that will determine the future functioning of economic systems. It strives to advance economic theory in a direction that allows a more in-depth and accurate cognition of the economic […]
Tax sheltering is not just the domain of exotic Caribbean isles. Major world powers, including the United Kingdom, play a critical and previously undisclosed role in global tax avoidance. CORPNET, CC BY-NC-SAFirst came the Panama Papers, then the BahamasLeaks, and now it’s the Paradise Papers.
How much trickles down to her?
Major changes in oil production have transformed the US from a major importer to a major producer and sometime exporter of oil. The market power of OPEC and its non-member collaborators has been weakened (Libya and Nigeria have been exempted from current quotas). In addition to new sources of oil production, we are now hearing […]
The world economy – and emerging market and developing economies in particular – display a gap between infrastructure needs and its finance (Canuto, 2014). On the one hand, infrastructure investment has fallen far short of what would be necessary to support potential growth. On the other hand, abundant financial resources in world markets have been facing […]
Key takeaway – Despite declining reserves and increased interest rates, Turkey is unlikely to suffer a market-crash over the next 12 months. What happened? Since the July 2016 coup attempt, the reserves of the Central Bank of Turkey’s (CBRT) declined. Gross international reserves declined by 14 percent (by USD 14.5 bn, from USD 104.7bn to […]
A massive protest against the Gorrano Dam on January 26 2017 in Islamkot, Tharparkar. Bheem Raj /Thar Voice ForumIn Pakistan, there’s no topic hotter than the China Pakistan Economic Corridor (CPEC), a multi-billion dollar bilateral development project that will, officials promised in 2015, “usher in an era of unprecedented progress and prosperity”.
The universal basic income debate has been raging for some years, with politicians and people hotly divided over the notion of their government paying every citizen a set amount of money on a regular basis, without requiring work to be completed.
