economy

  Sanctions imposed by the West act as economic and political tools in international relations; they aim to pressure specific countries or regions to achieve certain geopolitical objectives. These sanctions mostly have negative implications for individual businesses and governments within the targeted economies. They can also adversely impact businesses in the sanctioning states. Western companies […]

  A country with a unique record of poor policies revealing the damaging effects of price controls has just demonstrated how effective their removal can be. In 2020, the Argentine Congress passed a new rent regulation, promoted by Representative Daniel Lipovetzky (Cambiemos). The “Lipovetzky Law” introduced three major features: it extended the minimum lease term from […]

  In September, Mario Draghi, formerly the Italian prime minister, head of the European Central Bank (ECB) and a prominent member of the pan-European establishment, together with his team issued a much-anticipated report on the economic state of the European Union. It highlighted the EU’s gloomy prospects without a change of course and presented a […]

  Economics holds a unique status among other sciences. However, rather than being its privilege, this is in some respects its unfavourable feature, which often causes difficulties for its scholars. For the work of an economist is by its very nature a somewhat thankless one, when he must avoid the effort of gaining public recognition […]

  After its founding in 1949, the People’s Republic of China pursued a policy of economic self-reliance. Under the rule of Chairman Mao Zedong (1949-1976), it proved dramatically unsuccessful. From late 1978, the approach of the ruling Chinese Communist Party (CCP) began to change. Integration in the global economy over the following decades allowed China and its […]