economic crisis
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Relevance beyond the crisis: The future of coronomics
The coronavirus outbreak has led to a new trend – “coronomics.” The word is most often used to describe the difficult economic reality that will arise in a post-pandemic world. Concerns over this state of affairs have caused many economists to adopt an approach meant to be more humane than theoretical. However, the models they are proposing are far from new, and have already been proven wrong.
Business strategies are needed for the rough economic stretch ahead
Governments and supranational organizations that weakened the economy’s resilience with overspending, accumulating debt and arbitrary taxation before the pandemic are now doing more damage. They have resorted to scare tactics to expand their control under the pretext of responding to the downturn brought on by lockdowns. The short- and mid-term ...
Relevance beyond the crisis: The oil-market crunch
The coronavirus-triggered collapse of global demand for oil has produced the worst disruption in the energy industry’s history. Output reductions agreed upon by OPEC and other major actors have made little difference, as much of the world’s economic activity was frozen by governments. Prices went into freefall in March and ...
Policy cures worse than the disease
Governments first failed to respond to the COVID-19 pandemic. When they finally realized the scope of the challenge, most resorted to misguided, self-serving and often disastrous policy responses. Their push for centralization and control of economies, companies and ultimately, individuals, bodes ill for the future.
Zimbabwe: Dashed hopes for meaningful change
After the 2017 coup d’etat ended the strong-arm rule of Robert Mugabe in Zimbabwe, his successor Emmerson Mnangagwa promised to fundamentally reform the bankrupt country and to open it to the world. A short-lived spurt of economic growth followed, but it turned into a deep contraction in 2019. The new ...
