Thinking global, living local: Voices in a globalized world

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  • Egypt: International Benefits – Local Bane

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    It’s no secret that the economic situation is Egypt has been in constant decline since the January 25th revolution. It is easy to blame this downturn on the unstable political situation; but the fact remains that the Egyptian economy and resources have been mismanaged for the last six decades. Economic […]

  • Preventive Austerity and Growth in the Developing World

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    “Joder, que nosotros nos hemos venío porque allá no hay trabajo…” (F*** man, we came here because there are no jobs there…) answered the Spanish couple to my inquiries about their origin and their visit to the beautiful Mexican beaches of Los Cabos, Baja California Sur. I had finally met […]

  • No real austerity in Slovakia

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    Even in previous decades during years of high growth, Slovakia still ran up big deficits. To enter the euro area a country has to meet a reasonable set of criteria known as the Maastricht criteria. This means that a country which gives up its local currency must keep its deficit […]