Read all posts for ‘subsidies’

The European Union as a whole promotes free trade but its Member States try to protect their national economies from its challenges, especially when it comes to agricultural products. Eastern members, such as Hungary, are in a disadvantageous position within the EU primarily because of the lower subsidies they receive […]

In terms of its technology, I have no worries about Slovakia’s ability to sustain growth when compared to other countries.  If the West has been able to achieve its present level of development, then we can reach it too. If Westerners continue to have enough energy to maintain their standard of living, […]

Despite a recent rise in its foreign reserves, Egypt is clearly suffering from an economic crisis as evidenced in its spiralling budget deficit that has now  reached around 12% of GDP. As political instability continues, the crisis persists while the government seeks to stem it by taking loans from various […]

The Salvadoran state is like a father who has many children. It is in debt, has limited wages, has maxed out its credit cards and overdrawn its checking account, and while it gets loans to restructure its debt, it always comes back for another overdraft. Father State thinks he’s doing well. He […]

While developing countries move towards the welfare state, European countries need to redesign their welfare model. European states have become so big they are now unwieldy. Basic safety nets have been stretched to unexpected sizes and because the state supports everything that “people deserve”, it’s getting harder and harder to […]