The European Union throughout its history has experienced periods of Euro-optimism and periods of Euro-pessimism, with crises scattered in between. Jean Monnet, a pioneering advocate of European unity, wrote that “Europe will be forged in crises, and will be the sum of the solutions adopted for those crises.” But the recent period of Euro-pessimism has […]
In the New Global Trade Map, China Commands the Center
China has become the largest economy on the planet and we’re witnessing a collective silent scream on behalf of the West in response to the loss of its worldwide dominion.
Economy 2017: Slightly Better but More Volatile
From the effects of populism throughout the New and Old World to Russia´s slow, but steady positive growth, the IMF’s economic predictions for 2017 have had to take into account the geopolitical volatility. Frankly, it is hard to know what we can expect with so many unexpected precedents. In Europe, all eyes will be on […]
The Financial Crisis: Lessons Learned
The current crisis has taught us some valuable lessons. At its core, the crisis illustrates the need to disregard age-old principles. Unfortunately, creditors’ dogged adherence to some longstanding doctrines has led to misconceived policies, inflicting unnecessary pain on some without putting an end to the crisis. For some, the question of whether recovery will come soon enough is still up in the air.
The Mammoth in the Room: Factors Behind Income Inequality
Differentiating the deeper causes of income inequality from those that are more accidental is difficult. When we examine our own particular environments, it is natural that we should focus on our immediate surroundings: our colleagues, neighbors and fellow citizens. We don’t often think about how those on the other side of the world are faring. […]
