Tag: economy

Country Profile: Somalia

Somalia (NI) – Somalia today is more like a political marketplace than a modern nation-state Somalia today is more like a political marketplace than a modern nation-state. The everyday mayhem and hustle of the capital city, Mogadishu, where political positions and…

Bolivia: an efficaciously prudent economy

Bolivia drives in its own lane, with a GDP growth this year above 4.5%. At a time when the world economy is contracting, with unfavourable winds, the Andean country is sustaining its growth. Why? The reason is very simple. Evo Morales never trusted the cycles of the world economy.

From the beginning of his mandate in 2006, Bolivia built its own economic order. By no means an autarchic one, nor disconnected from the world. On the contrary: an economic model connected to the outside, but in a sovereign and intelligent way. The first step was the nationalization of hydrocarbons, which was fundamental in order to erect their own house. Socially just and economically efficacious. Thus they have broken the myth that any nationalization reduces the capacity for growth. Bolivia quadrupled its nominal GDP in this period. And it continues along its long growth cycle in spite of the international context.

Iran, Turkey Determined to Boost Ties: Envoy

Iranian Ambassador to Turkey Mohammad Ibrahim Taherian underlined the resolve of Tehran and Ankara to broaden and deepen their bilateral ties.

During a recent meeting in the Turkish capital with Head of Turkey’s Ana Vatan Party Ibrahim Celebi, the Iranian envoy said the two countries share numerous commonalities and are on the path toward congruent views on some regional developments.

He stressed that Tehran and Ankara should take on greater responsibilities to resolve ongoing crises in the region.

Denver Launches Program To Give Jobs To Thousands Of Homeless, Supports Other Projects

The election of a Republican President hasn’t seemed to slowed the thump of progressive policies. In Denver, officials are initiating a program aimed at providing thousands of paying jobs to the homeless. A variety of work is included in the plan, launching as similar projects crop up elsewhere.

Initiated on November 1st, “Denver Day Works” hopes to put thousands of the city’s homeless to work. According to Denverite, many assignments include park maintenance, planting trees, clearing snow, etc. Denver Human Services Spokeswoman Julie Smith says they’re aiming for “low to no barriers. No background checks. Do you want work? We’re going to put you to work today.”

The Swedish Case for Limited Government

Sweden punches way above its weight in debates about economic policy. Leftists all over the world (most recently, Bernie Sanders) say the Nordic nation is an example that proves a big welfare state can exist in a rich nation. And since various data sources (such as the IMF’s huge database) show that Sweden is relatively prosperous and also that there’s an onerous fiscal burden of government, this argument is somewhat plausible.

A few folks on the left sometimes even imply that Sweden is a relatively prosperous nation because it has a large public sector. Though the people who make this assertion never bother to provide any data or evidence.

I have five responses when confronted with the why-can’t-we-be-more-like-Sweden argument.