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aftermath of the 9/11 terrorist attacks and the 2008 financial crisis have led
to calls for a dramatic increase in the powers of government. Even the ubiquity
of internet-based technologies and the populist backlash against political
establishments have had the paradoxical effect of promoting centralization. Yet
in both politics and economics, there is plenty of evidence that state
paternalism is the wrong answer.
Conventional measures could be the wrong ones to gauge the risk of a financial shock to the global economy. Imbalances created by cheap money are building up in the economy. A close look at market capitalization, share buybacks, and interest-rate spreads presents a troubling picture.
deepening economic crisis have led to protests of unprecedented intensity
against the regime of President Robert Mugabe. However, the opposition is
divided, and Mr. Mugabe still has plenty of tricks up his sleeve. If the
coalition of opposition parties can remain unified, it has a chance of
unseating the president in next year’s elections. But no matter the outcome,
unrest is likely to continue.
Anonymous GIS Expert
Professional economists rather than politicians are being called in by political leaders facing economic difficulties. French President Francois Hollande is the latest to follow this path. But such appointments can spell danger when the technocrat fails to understand that their role is the scapegoat for government failure and not a pathway to international economic...
Professor Enrico Colombatto