The years to come will be decisive for the future and stability of the Economic and Monetary Union at the heart of the EU. The last decade has seen several challenges to the European Union and particularly to the stability of the Euro as a common currency for 19 countries. The 2008 financial crises led
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In the midst of one of the worst economic crises in recent times, Venezuela keeps losing hundreds of millions of dollars a year by maintaining its oil subsidy to Cuba.
Venezuela has the largest proven oil reserves in the world. Before the arrival of Hugo Chávez to the presidency in 1999, Venezuela’s oil production was in a constant rise up to 3.4 million barrels per day. Nowadays, this amount has fallen below 750 thousand barrels per day. Over the past 19 years, Cuba has benefited
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How the current advancement in the state of technology requires a necessary correction, but not the one people think they need.
The 21stcentury is already characterized by its technological innovation. It is an era in which artificial intelligence, robotics, engineering and many other fields are developing at a speed that has never been seen before. The number of jobs that can be automated is growing at an exponential rate. Nowadays, simple tasks such as handling cash
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Being a student of the Economics and Business Faculty, you will most likely have or have had a course called Economic Methodology. This course makes an introduction to the world of economic philosophy. The name Deirdre McCloskey might tingle some vague or vivid memories about her as an economist. So, let me help you to
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As the sunny days in Amsterdam are slowly drifting away (in case you were lucky to see those), the demand for a comforting cup of hot chocolate and a nice evening watch is on the rise. In case you are the kind of person that freerides on your friend’s Netflix account, the Apple-TV launch may
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The idea of free trade came into prominence in the late 18th century and largely replaced the then-dominant idea of mercantilism. Ever since the ideas and publications by Adam Smith and David Ricardo came to light, there has been a consensus among economists that free trade is a net benefit for the whole of society.
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