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Flea markets drive economic growth in Ukraine
On weekends I often wander around a local flea market in Kyiv. I rarely buy anything but I love examining all the stuff people decide to get rid of to earn a bit of cash. Last weekend I noticed one woman who apparently had brought her tableware to market! I picked […]
Read all posts for ‘growth vs austerity’
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We need a new social contract – not just austerity
When economic growth is not a given anymore, how can democratically elected governments trigger growth, maintain the welfare state and keep public spending down all at the same time? The answer is easy: they simply can’t. European welfare states have come to a crossroads. On the one hand, private investors […]
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Surviving a Debt Crisis
Lessons for Europe from Latin America As I prepared to write what has become the paper Surviving a Debt Crisis: Five Lessons for Europe from Latin America, my first question was whether any of it was applicable at all. Latin America is very different from Europe, and the 1980s are […]