If Greece's creditors seek to help the country eventually stand on its own two feet, it should provide the debt relief that could make Greek products more competitive internationally. Supporting businesses is one side of the equation. The other part is investing in human capital.
Sovereign debt and its sustainability is becoming a widespread concern. This report maps the four likely scenarios Greece faces, but these could very well be the choices other countries face in the near future.
The possibility of a Grexit needs to be carefully evaluated, not in terms of doomsday myths but in terms of real social and political consequences.
If it is American jobs that the Ex-Im Bank seeks to support, such reforms must be a priority. But to kill the Bank altogether is a bit like throwing the baby out with the bath water.
Running some basic statistical tests shows that the rise of GDP and the fall of unemployment are highly correlated in China, dispelling London School of Economics professor Keyu Jin's controversial assertion that China's economic growth has had little impact on the employment situation.
Sweden defines a small business is that it should have not have a turnover exceeding 5 million Euros. On the other hand India's definition of an MSME is one based on fixed investment in equipment. Comparing a Swedish small business to an Indian one is like comparing meatballs with dosa.
While there is no denying that rapid expansion of manufacturing remains the time-tested method for economic growth and job creation, there is evidence that manufacturing volume may not be the best proxy for long-run economic prosperity of a country.
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