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In two decades of rule,
Russian President Vladimir Putin has ensured stability by offering Russians an
implicit social contract – a modest but secure social safety net in exchange
for carte blanche in politics. Now, the country’s deepening financial and
demographic crisis has put an end to this, forcing the government to make plans
for increasing taxes and raising the retirement age by as much as eight years.
No matter how cleverly handled, these austerity measures could trigger a
Dr. Svyatoslav Kaspe
by falling commodities prices and growing donor fatigue, many African countries
are expanding their tax bases. While at first blush this looks like a good move
to liberate their economies from aid and resource dependence, it could also be
a recipe for reducing investment and tamping down economic growth.
Teresa Nogueira Pinto
population is aging rapidly, a trend that will put huge strain on its economy
and pension system. China is not the only country with this problem, but it is
much poorer than many of its Western counterparts facing similar challenges.
The government is working on measures to address the problem, but these will
ultimately prove to be too little, too late.
CHINA’S controversial one-child policy, originally introduced to alleviate food shortage problems and raise living standards, has received substantial support from citizens for the most part of the three decades it has been in place. Yet cracks are beginning to emerge from within. GIS guest expert Yuen Sin says signs point to a population both ageing and in decline...
News of a slowdown in the German economy came as a surprise to many, including the German government. Is the only powerful growth engine of the eurozone suddenly running out of steam? The German economy is not as robust as one may think and its long-term prospects for growth are rather dim.
<i>The German economy ha...
Dr. Michael Wohlgemuth
Professor Stefan Hedlund