The Devaluation of Human Labour in the Creation of Wealth

Reliable financial institutions such as the International Monetary Fund, the World Bank, the Credit Suisse Research Institute confirm a new reality that has been gradually consolidating over the last decade and which has deteriorated dangerously over the last two years due to the peculiarities of the pandemic. In general, both billionaires and multimillionaires have increased …

The New Forms of Labor Market after the Pandemic Era

The end of the pandemic that led to an unprecedented global crisis enables countries’ governments to restart their economies by learning from what they experienced through the crisis, always taking into account the potential of each economy they manage. The changes can be neither immediate nor excessive. The aim is to change the direction of …

Persistent High Inflation Prices Reflect Changes in the Real Economy

The inverse relationship between inflation and unemployment has been shown to be temporary-short-term and does not stem from inflation per se, but from unexpected inflation, which contributes to maintaining inflation. By the fact that inflation can contribute to the development of an economy, we mean the positive relationship between rising inflation, that is, the increase …

Trust and Compliance are the Foundations of Society

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 …

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 …

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 …

The Global Economy is losing Momentum

The outlook for the global economy does not seem to be so favorable given the significant challenges it has to face. More specifically, the problem of inflation is major at the moment with most analysts believing that the phenomenon is temporary and once supply chain problems normalize, striking a balance between supply and demand, inflation …

Further Increase in Inflation launches Increase in Social Inequalities

While the global economy has not yet been able to leave the Covid-19 pandemic irrevocably behind and go unaffected, at the same time, distortions are being created in the global socio-economic context which will surely lead to negative developments. Given the very serious and persistent increase in raw material prices combined with the existing negative …

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