What would happen to a society if the deficit of trust grew? What would be the relationship of the individual with society and its institutions? And more specifically, what form would the citizen’s compliance take in terms of assuming the burdens that are due to him, and in particular of the tax burdens? It seems …
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Inflation: A lot of Money chasing Few Goods
Price increases and inflation caused by specific factors, such as product shortages, supply / demand and liquidity. The natural or artificial reduction of the availability of a product contributes to a drastic increase of its price. Lack of duration makes the increase permanent. The ephemeral shortage eventually leads to a return of the price to …
Development Tips for Developing Economies
A grid of six central policies to improve both the productive activity of enterprises and the institutional framework that defines the underlying economic functions could be as follows: 1. Reduction of frictions from taxes and labor contributions, e.g. reduction of insurance contributions, solidarity contributions, income integration in a single tax scale, etc. 2. Implementation of …
Hyperinflation, Dollarization and the Giant Growth of the Turkish Economy
Turkish President Recep Tayyip Erdogan has fired three governors of the Turkish Central Bank since mid-2019 and is fighting high interest rates in every possible way, insisting on applying low interest rates to the Turkish economy to boost growth and investment. Its purpose is to avoid a giant tsunami of bankruptcies for both businesses and …
The Opportunity for Change for Businesses After the Covid-19 Era
After the Covid-19 era, opportunities arise for both governments and businesses. More specifically, governments and businesses, respectively, operated in isolation, before the onset of the pandemic, resulting in unsustainable economies and societies dependent on state support. Governments can now create stronger, more resilient, and more just societies. On the other hand, companies can advance this …
Artificial Intelligence and the Digital Transformation of Business
The digital transformation of businesses is based on the collection and utilization of data generated in an efficient, useful and profitable way. The framework of transformation, Data Analytics and Artificial Intelligence Transformation Framework, combined with the use of advanced analysis methodologies in cloud computing technologies, are key tools of success. The Data Analytics and Artificial …
Properties: Reasons to Boost Their Prices
The constant upward trend in property prices is an international phenomenon. In the Eurozone, the growth rate of house prices for Q2 2021 reached 6.8% on an annualized basis. Respectively, in OECD countries, nominal house prices increased by 12.3% on average, on an annual basis. The countries with the highest house prices were Turkey (30.2%), …
What Does “Climate Neutral” Business Mean?
The number of companies announcing that they are or will become climate neutral is growing. Accepting a company as “climate neutral” means that they will absorb more greenhouse gas emissions than they produce. It is the trend of the time, companies to realize the changes that are taking place and in turn try to co-shape …
Small and Medium Enterprise Empowerment Policies Against Competition
For the past two years, under the pressure of lockdowns brought about by the Covid-19 pandemic, the pressure of competition from multinational companies to small and medium-sized enterprises, shows that the only way to survive is through mergers. Small and medium-sized enterprises in Europe are those that operate with 1 to 50 employees. The governments …
Income Increases in the EU are Imperative
Due to the difficulties faced by households in coping with rising energy costs, EU member-countries’ governments have entered the process of supporting household electricity bills through a subsidy policy. Sure, such a policy – covering subsidized electricity increases – is a humanitarian benefit, but it is not enough, as it only covers part of the …