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Russia: oil money for the rich and austerity for the people
Russia’s steady growth in GDP and its 5% unemployment rate could make countries like Greece and Spain green with envy. The Russian economy surged ahead from the mid-2000s, seemingly immune to the shocks of the 2008 economic crisis. Foreign corporations kept pumping money into a country whose high levels […]
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Austeridad en el trópico: antes y ahora
Abstract: Every time I hear the word “austerity” very concrete memories come to mind. I think of Nicaragua during the Sandinista Revolution of the 80’s, when the government took severe austerity measures in order to tackle the strict economic embargo that the US imposed on the Central American country. These […]
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The Egyptian Revolution: A Love Affair Gone Wrong
Egypt’s revolution –glorious, as it may be – has ruined our chances for healthy relationships, in my honest opinion. Let me tell you why. During, and in the aftermath of the 25 January revolution which called for bread, freedom and social justice, and demanded the ouster of three-decade dictator Hosni […]
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Conflict in the DR Congo
Fearing for the future, weeping for the past If civil-society struggles persist, the DRC will continue to fall short of its vast economic potential. Philip Gourevitch, author and journalist, once wrote: “Oh Congo, what a wreck. It hurts to look and listen. It hurts to turn away.” In three sentences […]
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Austerity measures sap the passion of dedicated professionals
In 2010, the Boc government implemented austerity measures in Romania’s public sector, introducing 25% cuts in salaries and 15% cuts in pensions. Mrs. B. is one of many who was cut to the quick by this move. A high school teacher with over 10 years’ of experience, Mrs. B was […]