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No real austerity in Slovakia
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 […]
Read all posts for ‘growth’
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Can Washington Fix the Economy?
Panelists at the Bertelsmann Foundation’s economic conference do not see much opportunity for progress in Washington DC; however, this might not be as bad as many think. Can gridlock be good if it prevents the government from doing too much harm?
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India’s Great Hope is its Culture of Innovation
No government nor any Corporates will lead India to prosperity. It will be the innovative streak of ‘aam aadmi’ (common man) of India that will create businesses and prosperity.
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Wealth is a handsome hunk who lost his glamour overnight
Will 2013 bring an economic drought? U.S. National Archives via Flickr.com Once upon a time, there was wealth. If we were to portray it, it would be a handsome hunk with long blond hair, blue eyes, pale skin, riding carefree, roaming anywhere, spreading his beauty and joyfulness all around. Hey, wait! […]
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Salzburg Trilogue: Can psychology guide politics?
There was a strange consensus at the Salzburg Trilogue. On the one hand, there were all these high-level people – including leaders of such symbols of international capitalism as the World Trade Organization and the European Union – making very determined pleas for social equity and environmental sustainability. On the other, […]