18 November 2018
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Catalonia, one year later
A year after Catalonia’s botched declaration of independence, pro-independence parties still cling to power in the regional government but find themselves increasingly at odds with each other. Political gridlock has taken its toll on the Catalan economy, while urban dwellers are tilting toward the anti-independence camp. The choice appears to ...
Dr. Tomas Dupla del Moral
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Getting inequality wrong
Thomas Piketty captured something essential in the post-Lehman mood with his study of income and wealth differentials in the developed world. More’s the pity that his policy recommendations are misguided, in part because he missed the worst kind of inequality. During periods of economic crisis and slow growth, concerns ab...
Dr. Emmanuel Martin
Troubled Algeria faces three-pronged crisis, potential collapse
Algeria has not been in such dire straits since it declared independence from France in 1962. The challenges the country faces today make its “bloody decade” during the 1990s, when conflict with the Armed Islamic Group (AIG) killed tens of thousands, seem like a time of stability and prosperity. It ...
Productivity is no free lunch
Europe is worried about low and declining productivity growth. Most politicians and experts have a simple solution: more high-tech investments and more education, especially for young people. But it is questionable whether this proposed fix is realistic or will bring about the desired outcome. The educational visions that...
Professor Enrico Colombatto
Central Europe is headed for turbulence, not Putinization
Recent political developments in Hungary and Poland have been interpreted as portending a reversal of westernization. If history is any guide, this perception is wrong. It is true that the region appears headed for institutional turbulence that could foster growing political and economic volatility. But a more serious upheaval is ...