economy

  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 […]

It has been four years since Covid-19 began, and with it, the painful shutdowns worldwide that unleashed havoc on global supply chains. Since then, while uncertainty in global trade has not disappeared and geopolitical tensions continue to ebb and flow, the cost of trade and supply-chain bottlenecks have eased and deliveries have largely returned to […]

  2023 will be remembered for its tumultuous wars and fervent activism, yet it was marred by a wide lack of outcomes, potentially rendering it a “lost year” in history. The tension between Western powers and their adversaries, China and Russia, persisted without fundamental shifts despite lots of strategic maneuvering. Conflicts in Ukraine, the Middle East, the Horn of Africa and the Congo trudged on unabated. In the welfare […]