Central banks’ inflation phobia and dogmatic beliefs are dragging economies into recession and debt crises as they take their cues from Washington: the US Fed, Treasury and Bretton Woods institutions.
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Policymakers are obsessed with achieving low inflation. Many central banks adopt inflation targeting in various ways, typically to keep inflation at 2…
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After a quarter century of stagnation, African recovery in the 21st century was under pressure before the pandemic, due to new trade rules, falling…
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As rich countries raise interest rates to address inflation, developing countries are also struggling to cope with slowdowns, inflation, higher interest…
2
Most African French colonies got formal independence in the 1960s. But their economies have progressed little, with most in poverty and much worse off…
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After Trump’s ‘America first’ isolationism, US President Joe Biden announced “America is back”. His White House has since tried to find allies against…
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Half a century after the 1970s’ stagflation, economies are contracting as prices rise again. “Surging energy and food prices heighten the risk of a…
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The world economy is on the brink of outright recession. Stagflation is increasingly likely as rising interest rates further slow the economy, but do…
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Challenging Development