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.
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 […]
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 – […]
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 . However as time passed and the crises deepened, the EU’s response to the economic problems of its Member States was to slid […]