Recent Articles

World Bank Supports New Innovative Financing to Reach SMEs and Exporters in Turkey

July 23, 2014 | By More
World Bank Supports New Innovative Financing to Reach SMEs and Exporters in Turkey

The World Bank’s Board of Directors today approved a US$250 million equivalent loan for the Innovative Access To Finance Project for Turkey whose main development objective is to improve access to longer-term Islamic finance and to factoring for small- and medium-enterprises (SMEs) and export-oriented enterprises (EOEs).* The project will be implemented by Türkiye Sinai Kalkınma Bankasi (TSKB) […]

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OECD: Achieving a Resilient Economic Recovery

July 22, 2014 | By More
OECD: Achieving a Resilient Economic Recovery

The recovery from the Great Recession has been slow and arduous, and has at times threatened to derail altogether. However, the major advanced economies are finally gaining traction and momentum. Private-sector confidence is rebuilding. After years of weakness, investment and trade volumes have started to rebound. While unemployment remains unacceptably high, the labour market situation […]

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From Nigeria to UK – Dr Solomon Fubara: Helping the Diaspora Break into Business

July 21, 2014 | By More
From Nigeria to UK – Dr Solomon Fubara: Helping the Diaspora Break into Business

Nigerian-born Dr Solomon Fubara did not quite set out to become a member of the UK diaspora community. In fact, he came to get a university degree in 1983 and had every intention of using his education to get ahead back home. As in many cases, this was not to be. After graduating, Dr Fubara […]

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Joseph E. Stiglitz: Creating a Learning Society

July 18, 2014 | By More
Joseph E. Stiglitz: Creating a Learning Society

Citizens in the world’s richest countries have come to think of their economies as being based on innovation. But innovation has been part of the developed world’s economy for more than two centuries. Indeed, for thousands of years, until the Industrial Revolution, incomes stagnated. Then per capita income soared, increasing year after year, interrupted only […]

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From Croatia to Chile – The Luksic Family: From the World’s Driest Desert to the Forbes List

July 17, 2014 | By More
From Croatia to Chile – The Luksic Family: From the World’s Driest Desert to the Forbes List

In Chile, everyone knows the Luksics and their remarkable story that started with Policarpo Luksic who left his native Croatia as a young man to try his luck in the mineral-rich Atacama Desert in Chile’s far north. Here, in purportedly the world’s driest desert, Policarpo Luksic did reasonably well. He married the granddaughter of a […]

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European Policy Centre on Financial Transaction Tax (FTT): Why the EU Needs the FTT but the FTT Does Not Need the EU

July 16, 2014 | By More
European Policy Centre on Financial Transaction Tax (FTT): Why the EU Needs the FTT but the  FTT Does Not Need the EU

Background The nature of the continuing crisis in the euro area has changed several times. With the collapse of Lehman Brothers in September 2008 and the subsequent outbreak of the global financial crisis, Europe’s banking sector was on the verge of collapse. With already excessively high public debt levels accumulated in some parts of the […]

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From Armenia to France and Back – Francis Kurkdjian

July 15, 2014 | By More
From Armenia to France and Back – Francis Kurkdjian

Fragrances from the Past Though born in France, celebrated perfumer Francis Kurkdjian has remained in close touch with his Armenian roots. On the most recent of his many visits to Yerevan Mr Kurkdjian was received by Minister of Diaspora Affairs Hranush Hakobyan who asked him to lend his fame and support to policy initiatives by […]

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Connie Hedegaard, EU Commissioner for Climate Action: Breaking Europe’s Imported Fossil Fuels Addiction

July 14, 2014 | By More
Connie Hedegaard, EU Commissioner for Climate Action: Breaking Europe’s Imported Fossil Fuels Addiction

Europe is by far the largest importer of fossil fuel in the world. Recent developments in Ukraine, Syria and Iraq highlight once again how vulnerable our economy is to price spikes, external energy shocks and other regimes’ wishes. Like a patient hoping to get better, the drip-feed of imported fossil fuels is keeping the European […]

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George Ryan: A Flawed Man Taking on a Flawed System

July 11, 2014 | By More
George Ryan: A Flawed Man Taking on a Flawed System

George Ryan is a hero tainted by scandal. As governor of Illinois, Mr Ryan followed in the wake of two of his three predecessors and was convicted, in 2006, to over six years in prison for taking bribes. He was released last year and has since retired, in shame, from public view. Though Mr Ryan’s […]

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Robert J. Shiller: Inequality Disaster Prevention

July 10, 2014 | By More
Robert J. Shiller: Inequality Disaster Prevention

Thomas Piketty’s impressive and much-discussed book Capital in the Twenty-First Century has brought considerable attention to the problem of rising economic inequality. But it is not strong on solutions. As Piketty admits, his proposal – a progressive global tax on capital (or wealth) – “would require a very high and no doubt unrealistic level of […]

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