A new initiative by the BRICS coalition of emerging countries, intended to establish a new development bank, will rival traditional development groups such as the IMF and World Bank and may shift the balance of power of the world’s economy. […]
The decision to endorse a bailout deal that included a levy on bank deposits was legally dubious, morally unjustifiable, managerially inept, and economically foolish. […]
The Cypriot banking crisis reveals the danger of the euro crisis incapacitating Europe and the global economy more broadly. […]
Expectations for the U.S.-EU free trade agreement are dangerously high. Reaching a deal is likely to take longer and produce smaller gains than optimistic figures suggest. […]
Summary:
Two years after the democratic revolutions in several Arab countries, the economic situation in the region remains precarious. […]
The euro crisis continues to hamper Europe’s growth, and the risk of contagion hangs in the air. […]
The 300 billion dollars Americans give every year to philanthropic causes provide a channel for important social change. So why are academics and even President Obama in favor of limiting tax deductions that can be claimed for charitable contributions? […]
Two years since the outbreak of democratic revolutions in Egypt, the economic situation in the region remains precarious. Egypt’s economy struggles to grapple with high levels of unemployment, decreasing reserves, a widening fiscal deficit, and costly, yet inefficient, subsidies. […]
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