Tag "COVID-19"

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Finance International

Opinion: It’s High Time to Break the Bailout Doom Loop

Monetary easing and bailout expectations are embedded in post-2008 central banking, often justified on the grounds of systemic stability or public expectations. The truth is that on top of nurturing moral hazard, the Fed put impedes innovation and productive investment. 

Europe Politics

French Cultural Pass Encourages Youth to Spend on the Arts

On May 21st 2021, French president Emmanuel Macron announced the Culture Pass. This program  provides €300 to all 18 year olds with the provision that it must be spent on French culture. This money will promote French culture among the nation’s youth and support an industry hit hard by the COVID-19 pandemic.

India Politics South and Central Asia

Sher Bahadur Deuba’s Victory: What Does it Mean for Nepal’s Neighbourhood?

The electoral turmoil in Nepal witnessed a new development, when on the 20th of December, 2020 the nation’s president, Bidya Devi Bhandari dissolved its parliament. Months of uncertainty in Government, coupled with the disastrous impact of the pandemic drove the nation to a political stalemate, until Sher Bahadur Deuba secured the position of Prime Minister with the backing of the parliament. What is the future course that the new Nepalese government will take and how will it shape their future in the region?   K.P Sharma Oli’s exit has stalled China’s rapprochement of Nepal, leaving a vacuum that can be filled by neighbouring aspirations from India. Nepal’s future in the South Asian neighbourhood will be marked by its management of the two regional powers, and a potential balancing act that can protect its self interests.

Africa Technology and infrastructure

African Aviation: Ready for Take Off Once Again

The African aviation industry, like its counterparts around the world, has endured a tumultuous pandemic. Losses in revenue and traffic, as well as uncertainty about future prospects, have pushed some airlines to the brink of collapse and beyond. Yet, other operators have seized the opportunities presented, and the sector’s ambitions have never been higher.

Asia Pacific Politics

Japanese Politics Heats Up: the Contest for the Next LDP Leader

Japan’s Liberal Democratic Party (LDP), the country’s dominant political party, is set for a leadership election on 29th September. The outcome of the election will be significant as the winner will become Japan’s new Prime Minister and head the party in Japan’s general election, scheduled for late November this year. Competition is likely to be fierce for the LDP’s top spot. Presuming that the LDP wins this year’s general election, the victor of the leadership election will have the opportunity to shape Japan’s national trajectory.

Latin America Politics

Colombia’s Tax Reforms: An Overview and Forecast

On 15th April, Colombia’s government presented its latest proposal for fiscal reforms to Congress, the so-called Sustainable Solidarity Bill (Proyecto de ley Solidaridad Sostenible). If made law, the bill will have wide ranging effects on taxation and social spending in Colombia. The bill has proved controversial, prompting criticism from parties on both the political left and right in the context of upcoming elections in 2022.

Middle East/North Africa Security

Rising tension due to Gulf maritime security: Possible threat to the global economy?

There was recently an attack on the Mercer Street vessel belonging to an Israeli billionaire, with Iran being blamed for the incident. These kinds of attacks have been happening since the beginning of the year, and it appears highly likely that they will continue. There is a possibility of maritime security breaches in the Gulf of Oman and the Strait of Hormuz. Such developments could lead to a rise in political, economic and security issues, especially if they were to coincide with an Israel-Iran confrontation.

Latin America Politics

A New Left Turn in Latin America? COVID-19, Populism and Polarization

The apparent victory of socialist candidate Pedro Castillo in Peru’s general election this year hints at a leftward political trend in Latin America. COVID-19 has played a role in this, but the key driver of the shift is more fundamental. However, looking beyond the left-right paradigm, recent developments are indicative of worsening populism and political polarization in the region.

Europe Politics

“There Are Such People” in Bulgaria’s Parliament

The new Bulagrian party There are Such People (ITN), led by the former late-night TV show host Slavi Trifonov and his screenwriters, entered the political scene with a bang. It secured more than 17 percent of the vote in the last parliamentary elections, but curiously refused to form a government when given the mandate. The party also did not participate in any traditional media campaigns instead choosing to utilise social media platforms. It is important to understand the rise of ITN as well as what this political phenomenon means for political life in Bulgaria, given the upcoming snap parliamentary elections in July.

Eurasia Politics

Russia and its ‘diversionary space race’?

The International Space Station (ISS), that hub of extra-terrestrial cooperation, recently announced that Russia will be withdrawing from its team from 2025. Russia plans to set up a separate orbital space station by 2030. As a result, there has been much debate about what this means in terms of Russia-US  and Sino-Russian relations. However, little attention has been paid to the domestic implications of Russia’s decision: is it an attempt to divert attention from the ongoing saga with Alexei Navalny and muster patriotic fervor?