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Why Ghana’s IMF Bailout May Soon Repeat Itself
Recently, in one of my economics classes, a heated discussion erupted on Ghana’s International Monetary Fund (IMF) bailout programme. The discussion comes at a time when the country is grappling with high inflation, continuous depreciation of the cedi against major international currencies and high fiscal deficits which have seen the economy go through an […]
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The Inequality Timebomb: how the financial crisis created a social crisis
Is inequality rising? What are the different facets of inequality? Future Challenges bloggers from around the world write about this critical issue.
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The Myth of Inclusive Growth through International Loans
If we know that the benefits of growth do not automatically trickle down to generate more equal societies, we need to adopt a new inclusive approach to policymaking that looks at the social as well as the economic effect of policy actions. – OECD Allah Baksh pushes his laden handcart […]
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Ukraine: is sustainability without machine guns possible?
“You see a semi-human being before you, what the state has turned me into,” – says Vladimir Vladykin in his shocking Youtube video. “I’ve had a 180 EUR disability pension since 2005, and in 2010 the ruling party cut it down to 64 EUR. They don’t need us alive – […]
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European Austerity Measures: a PIIGS-Eye View
In the beginning, the EU’s main reactions to the economic and financial crises were aimed at salvaging European prosperity from the effects of the American financial crisis [1]. However as time passed and the crises deepened, the EU’s response to the economic problems of its Member States was to slid […]