economy
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Integrating a half-empty Balkans into the EU
Citizens of the Western Balkans are entering the European Union much faster than their countries. As a result, the region’s depopulation is accelerating, driven by high unemployment, poor governance, rampant corruption, rising crime and unclear prospects for the future. The most desired destination is Germany, which welcomes emigrants as a much-needed supplement to its workforce. However, the geopolitical consequences of a half-empty Balkans may be disturbing.
Real economies and financial markets: Outlook for 2019
Financial markets are hesitant, as many sources of concern pile up on analysts’ desks. This report argues that the future of the world economy depends on three sets of variables: policymakers’ ability to adjust to the end of generous monetary policies and profligate fiscal practices; their willingness to recognise the ...
Debate: What China’s new Silk Road means for Europe
In a debate last month in Warsaw, politicians, bankers and businessmen considered the implications for Europe of China's Belt and Road Initiative – likely to be Eurasia's largest infrastructure project in this century. It is both an economic opportunity and a portent of growing Chinese preeminence on the continent.
Venezuela can’t defy gravity
Venezuela's economy has crashed and burned, and along with it a certain commodity-fueled model of development. Socialists everywhere would do well to take notice.
What is India’s growth rate?
India's growth rate has shot up over the past two years, after the country's statistical office changed its methodology. Prime Minister Narendra Modi's opponents argue that the figures are too good to be true. The reality is a bit more complicated, but there is no question that flaws in the ...
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