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Trump’s regulatory revolution
For all the sound and fury in the media over the Trump administration, there has been little recognition of the dramatic shift in regulatory policy over the past year. President Trump has ended many of his predecessor's most burdensome rules on business and has slashed red tape. He has also ...
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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...
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...
Angola’s dependence on oil exacts toll as 2017 elections loom
Since the end of Angola’s civil war (1975-2002), oil production in the country has rapidly increased. Production more than doubled between 2004 and 2008, from 800,000 to 1.7 million barrels per day, stabilizing at around 1.8 million bpd in 2015. Oil revenues alone injected an estimated $470 billion into Angolan ...
