Expanding the Legacy
Plucky Dubai Gets the Balance Right
Last year, Dubai registered a surprisingly sharp decline in its population. Almost eight out of every one hundred inhabitants left the country as the Corona Pandemic and a vertiginous drop in oil prices unsettled both nerves and the economy. Key sectors such as real estate, tourism, and retail suffered a...
Free Trade in Retreat
The EU free trade baton, carried by the UK until Brexit materialised, has been relayed to the ‘Stockholm Six’ of likeminded liberal countries pushing back against French and Italian pressure for Europe to get tougher on trade defence – and relax on subsidies. Germany was invited to join the informal...
Oops, I Did It Again
Argentina has defaulted on its public debt – again. The country is familiar with the script that follows and unlikely to be intimidated by upset creditors. In fact, Argentina is seen blazing a trail for others grappling with debt loads that have become unsustainable after the corona pandemic unhinged economies,...
The Revenge of the Nation State
The corona pandemic rapidly engulfing the world has led to a sudden reversal in the plight of the nation state as a concept. Rescued from well-deserved oblivion, even smaller countries that have traditionally embraced multilateralism as the only viable way to further their interests, the nation state resurfaced with an...
Corporate Debt Levels Cause for Concern
Economic growth never dies of old age. Its demise requires a clear trigger: an event or mechanism that causes the onset of a slowdown or contraction. Concerned economists have now identified twin triggers in the disconcerting spread of the corona virus and the sudden collapse of oil prices. The OECD...
