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Mexico’s middle class takes a body blow
A struggling middle class watched from the sidelines while Congress mangled a ‘miscellaneous fiscal reform’ through the Senate and passed it in ‘fast-track’ mode, creating great concern among millions of households. When Mexico’s President Enrique Peña Nieto took up office in 2012, he came in embracing his role as the […]
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Free trade in Romania after 1989: open borders, closed down industries
Workers used to be the most valuable resource of any industrialized country. Photo: Paul Stang No good can come of it when proper planning is lacking is how we could sum up the past 20 years of Romanian industry. Until 1989, Romania was the fourth country in the world […]
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Trade in Romania: What’s local in a single market?
The strawberry season started late this year in Romania as the winter has been long and damp. A couple of days ago I went to the market next to my house and struck up a conversation with the strawberry seller. He was praising the fruit: “They’re grown in Romania, madam. […]
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Welfare States – too good for too long?
As societies in Europe become older, Central European countries and EU member states as a whole need to find out if they want, and are able to sustain, the state welfare system inherited from the 20th century in a world of global competition. During the 1980s there was a proverb […]