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The inconsistency in global strategic relations*

Maria Demertzis** “There’s a fundamental truth of the twenty-first century within each of our own countries and as a global community,” President Joe Biden told the United Nations on 21 September. “Our own success is bound up with others succeeding as well.” Biden’s actions, however, seem to take a different...

Η ασυνέπεια των παγκόσμιων στρατηγικών σχέσεων*

Μαρία Δεμερτζή**   “Υπάρχει μια θεμελιώδης αλήθεια τον εικοστό πρώτο αιώνα που μας αφορά, ξεχωριστά σα κάθε χώρα, αλλά και ομαδικά ως παγκόσμια κοινότητα”, δήλωσε ο Πρόεδρος Τζο Μπάιντεν στα Ηνωμένα Έθνη στις 21 Σεπτεμβρίου. “..Η επιτυχία του καθενός μας εξαρτάται από τη επιτυχία των άλλων. ” Οι πράξεις του...

Lies, damned lies, and …….the World Bank

George M. Georgiou* Although the phrase “lies, damned lies, and statistics” is often attributed to Mark Twain, no one can say with certainty where it originated from. What we can say with certainty is that societies around the world have become accustomed to being lied to by their governments. Although...

Measuring the informal economy: one guesstimate is as good(or bad) as another

George M. Georgiou* According to Eurostat’s data browser, Cyprus’ real per capita GDP in 2020 was €23.050, which is about 87% of the EU-27 average. One could be forgiven for thinking that with so much conspicuous consumption on display (everything from luxury cars to high end villas and apartments), perhaps...

The Disconnect of Mainstream Economics from the Real-World Economy

George M. Georgiou* The financial crisis of 2007—2009, referred to as the Great Recession, which afflicted most of the advanced capitalist economies and beyond, triggered a debate among commentators, economists, and policy makers about the relevance of academic economics. Critics were drawn from across the ideological spectrum. For example, heterodox...

The pandemic of the unvaccinated and economic consequences

Ioannis Tirkides* The emergence of a new variant, the Delta, and people’s hesitancy to vaccinate, have changed the outlook and the calculus of the pandemic. We are not at the end of the road, uncertainties have increased, and societal choices will be revisited as we decide the next steps. So,...

Η πανδημία των ανεμβολίαστων και οικονομικές συνέπειες

Ιωάννης Τιρκίδης* Η εμφάνιση μιας καινούργιας μετάλλαξης του κορωνοϊού, της Δέλτα, και ο δισταγμός έναντι των εμβολιασμών, αλλάζουν τις προοπτικές και τους υπολογισμούς για την πανδημία. Δεν βρισκόμαστε στο τέλος του δρόμου. Η αβεβαιότητα έχει αυξηθεί και εκ των πραγμάτων θα επανεξετάσουμε τις επιλογές μας ως κοινωνία, καθώς θα αποφασίζουμε...
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