Can Uganda Step Up to New Economic Challenges?

Can Uganda Step Up to New Economic Challenges?

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: Economics and Economic Policy for the Future

New Pragmatism: Economics and Economic Policy for the Future

  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 […]

Crises and Coordination

Crises and Coordination

photo: Neil Cummings Policy coordination often receives the same type of response as St. Augustine gave chastity: “Lord, grant me chastity and continence, but not yet.” A new volume from the IMF, edited by Atish R. Ghosh and Mahvash S. Qureshi, includes the papers from a 2015 symposium devoted to this subject. Policymakers in an open economy who […]

Why Would Anyone Want to Make the US More Like Europe?

Why Would Anyone Want to Make the US More Like Europe?

photo: Moyan Brenn The idea that Democrats want to make America more like Europe is a favorite Republican attack line. Writing in The New York Times, David Brooks expresses amazement that so many millennials are supporting Bernie Sanders, an open admirer of the European model. Why would anyone in their right mind favor “sluggish” Europe over “vibrant” […]

What Can the U.S. Learn from Big Government in Sweden and Denmark?

What Can the U.S. Learn from Big Government in Sweden and Denmark?

photo: Artiom P Leaders of the Democratic Party in the United States have moved to the left of the political spectrum (Wall Street Journal). Bernie Sanders, who describes himself as a democratic socialist, has mounted a successful campaign against Hillary Clinton. He has identified Denmark and Sweden as examples of countries with larger government sectors that […]

Productivity and Financial Inclusion: A Response to the Economic Slowdown

Productivity and Financial Inclusion: A Response to the Economic Slowdown

photo: Mckay Savage  How are financial inclusion and productivity linked? And why are these two pieces of the puzzle important for the economic development of Latin America and the Caribbean? Insufficient growth in productivity has been identified as a key factor in the relative backwardness of the economy of Latin America and the Caribbean compared with […]

The Uncertain Prospects of Hasty and Premature Criticisms of Argentina’s Economic Policies

The Uncertain Prospects of Hasty and Premature Criticisms of Argentina’s Economic Policies

photo: Taylor White Nobel Prize economist Joseph Stiglitz and coauthor Martin Guzman (from now SG) had just written a piece on Argentina, entitled “Argentina’s Uncertain Prospects” focusing on the early economic policies and potential scenarios for the government of the newly elected President Mauricio Macri. In my opinion, the article paints an excessively gloomy picture of […]

President Xi in the Middle East: From U.S. Regime Change to Chinese Economic Development

President Xi in the Middle East: From U.S. Regime Change to Chinese Economic Development

photo: thierry ehrmann President Xi Jinping’s three-nation tour in the Middle East heralds a shift from US regime change to Chinese economic development. President Xi’s tour took place amid a perilous moment in the region. Saudi Arabia is struggling with the plunge of oil prices, rapidly rising debt and a war against Yemen. In Egypt, opposition […]

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