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This report looks at Argentina’s current debt, fiscal, and overall economic situation to see if there is justification for concerns that Argentina is facing serious economic problems that could lead to a default on its sovereign debt. The Argentine economy has grown more than 60 percent since...
Persistent link: https://www.econbiz.de/10005048505
Debates over economic policy tend to be enormously confused. It is often the case that even high-level officials and well-known economists seem ignorant of basic accounting identities. This leads them to make claims that literally do not add up. This seems to be especially common in the case of...
Persistent link: https://www.econbiz.de/10009649733
long-term growth failure in most of the world's countries. …
Persistent link: https://www.econbiz.de/10009003121
Researchers have offered several explanations for the decline in unionization. Many emphasize that “globalization” and … unionization is the inevitable response to the twin forces of globalization and technology, then we would expect unionization rates … to follow a similar path in countries subjected to roughly similar levels of globalization and technology. This paper …
Persistent link: https://www.econbiz.de/10009364322
The Brazilian economy has gone through a significant transformation during the past decade. Following nearly a quarter-century with very little growth in per capita GDP, there was a major change beginning in 2004. GDP per person (adjusted for inflation) grew at a rate of 2.5 percent annually...
Persistent link: https://www.econbiz.de/10011096687
In the past 6 years the Greek economy has gone through a massive adjustment at a steep price. The economy finally grew in 2014, by 0.6 percent, but the recovery is weak, slow and fragile. This paper argues that prolonged mass unemployment and reduced living standards, brought about by years of...
Persistent link: https://www.econbiz.de/10011162530
. Now in the third year of an IMF-backed economic program, Jamaica is running the most austere budget in the world, with a …
Persistent link: https://www.econbiz.de/10011265860
significant gains for liberalization of trade through the World Trade Organization. It is not clear that the reported gains are at …
Persistent link: https://www.econbiz.de/10011265861
Latin America's economic growth rebound in the 2000s is often attributed to a “commodities boom,” which implies that the region’s growth was stimulated by sizable increases in the price of commodity exports. This paper looks at whether the data support such a conclusion. It finds that...
Persistent link: https://www.econbiz.de/10010786631
This paper compares the performance of the Mexican economy with that of the rest of the region over the past 20 years, based on the available economic and social indicators, and with its own past economic performance. Among the results it finds that Mexico ranks 18th out of 20 Latin American...
Persistent link: https://www.econbiz.de/10010741288