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“ Australian Exceptionalism ”…. let that phrase roll off your tongue.
"Canada's income gap between the rich and the rest of us has been growing, unchecked, over the past generation.
How exposed are the economies of the Middle East and North Africa to the euro-zone crisis? With economic instability in Europe and political instability at home, MENA states are more vulnerable than ever, particularly the already weak economies of Tunisia, Morocco and Egypt. The eurozone crisis will have an effect upon the MENA region
From Scandinavian democracy to target of British anti-terror laws: the whole world knows about the Icelandic crash, but how did the country get itself into such a mess? Andri Snær Magnason tells a saga of privatizations, overreaching and astronomical pay checks. Iceland is like a human experiment. Leave 300,000 people on an island and see what happens. In many ways, Iceland is a strange place, and what happens in Iceland on a small scale can reflect far bigger forces in this world.
“I felt liberated, I felt free for the first time,” Mr. Mavridis said in a recent interview at a cafe in this port city in central Greece.
By Marshall Auerback, a portfolio strategist and hedge fund manager, and Rob Parenteau, CFA, sole proprietor of MacroStrategy Edge and a research associate of The Levy Economics Institute
Thierry Roge/Reuters Chancellor Angela Merkel of Germany, shown in Brussels on Thursday, views the financial industry with profound skepticism. Chancellor of defied skeptics and laid the groundwork for a deeper union that she said rights the mistakes of the euro’s birth and puts integration on a stable path for the long term.
Saudi Arabia’s stock market Saudi Arabia’s stock exchange gained nearly $12 billion in market capitalization during the first weeks of January, offsetting combined losses in all other Arab stock exchanges, and maintaining the region’s market capitalization at $879 billion. Building on the momentum, Saudi Arabia now wants to open the exchange to direct foreign investment for the first time. The Saudi Stock Exchange hopes one day to compete with major markets The last year has been difficult for Gulf stock markets. The pressure of uprisings in the Middle East as well as Europe’s worsening debt crisis have taken a heavy toll.
The Muslim Brotherhood has a plan for Egypt’s economic recovery The Ikhwan’s economic manifesto to overhaul Egypt’s collapsing economy charts a pragmatic course between state-run economics on the left and crony capitalism on the right. But given the scope of the economic challenges before it, arguably the biggest thing the world has to fear from an Islamist-run Egypt is that its leaders don’t have the answers, either. Salafists protest against IMF Managing Director Christine Lagarde's visit to Tunisia.
Exit from comment view mode. Click to hide this space Comments View/Create comment on this paragraph WASHINGTON, DC – Egyptians’ political aspirations have dominated the country’s public life since the fall of President Hosni Mubarak last year. Unfortunately, as those aspirations are addressed, the economy has entered a steep decline, jeopardizing one of the revolution’s main goals, namely improvement in Egyptians’ living standards and welfare. Comments View/Create comment on this paragraph Indeed, the populist rhetoric of Egyptian politicians threatens to undo the economic reforms undertaken by the Mubarak regime. In 2004, a major reform program was launched under former Prime Minister Ahmed Nazif.
Pity sub-Saharan Africa -- but maybe for not much longer. In the first decade of the new millennium, six of the world's ten fastest-growing economies (Angola, Nigeria, Ethiopia, Chad, Mozambique, and Rwanda) were from this region. And in eight of the past ten years, it has grown faster than Asia. To be sure, some of the region's growth stars owe their success in part to the global boom in commodity prices, most notably in oil. But Ethiopia managed to grow by 7.5 percent last year without producing a drop of petroleum.