Ecuador’s aggregate economic growth between 2012-2017
25 September 2017
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Ecuador’s interrupted revolution
After Rafael Correa became president of Ecuador in 2007, he used windfall profits from petroleum revenue to drive economic growth with aggressive public-sector spending on huge infrastructure projects, much-needed social assistance and ballooning government bureaucracy. The 2014-2015 global downturn in oil prices made that strategy unsustainable. Since May 2017, the ...
Dr. Catherine Conaghan
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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...
Dr. Emmanuel Martin
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 ...
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 ...
Anonymous GIS Expert
Japan’s closed door to immigrants heralds population decline
Japan faces a daunting demographic challenge. Both the general populace and the working-age population are graying and rapidly decreasing in size. In recent years, the number of deaths has outpaced the number of births by around 300,000 per year. If the country’s birth rate remains constant, this figure will continue ...
Dr. Stefan Lippert