China’s growth stopped at 6.5 percent in 2018. And the effects of the trade war have not yet been felt. The real crux is the high level of corporate indebtedness. But the authorities do not seem to have adequate solutions.
Imagine for a moment that the so-called Western Balkan countries were as rich and democratically consolidated as Switzerland, Norway or even tiny Iceland: would you doubt for a second that the EU leaders would not beg them to join the Union? Especially after Brexit has instilled so much impending doom into minds of the political class in Berlin, Paris and elsewhere. Accepting rich and politically straightforward new members would be a welcome remedy against Angst in the corridors of power throughout the continent!
The G7 summit, being held today and tomorrow in the splendid setting of Taormina, Sicily, boasts particular significance amidst the growing fragility in global governance.
Has the new South Africa – once an inspiring “rainbow nation” – failed the expectations it had generated? Is the country now in a crisis?
Two decades after the end of the apartheid regime, Africa’s southernmost state faces multiple political, economic and social challenges.
A lackluster growth performance is compounded by mounting corruption and political turbulence, as well as by the frustration of many ordinary citizens who expected much more rapid social and economic improvement.
Labour strikes, student protests and anti-immigrant riots have all been on the rise. As a clear sign of increasing dissatisfaction, uncertainty and decline, the ruling African National Congress recently ran into its worst electoral result ever – if still only at local levels.
Meanwhile, Jacob Zuma’s embattled presidency, marred by allegations of corruption and political cronyism, sent South Africa’s international image plummeting alongside the Rand, the national currency.
This volume sheds light on the current difficulties and discusses future prospects. The “new” South Africa is a country in dire need for change.
Abstract Numerous bilateral initiatives, in various cultural, political and economic fields, were organized to celebrate the 150° anniversary of the diplomatic relations between Italy and Japan. Among them, Keio University of Tokyo, jointly with Bocconi University and the Embassy of Italy in Tokyo, gathered a conference on “The economics of Italy and Japan: Historical Development and Future Policies for Stability and Growth” (Tokyo, 23 May, 2016).