A lack of jobs and insufficient industrialisation are hampering the development of many African countries. Now another threat is seems to be emerging: the automation of production. However, it will take quite a lot of time before robots become cheaper than workers in Africa. …
I presented a detailed analysis of Turkey’s economic problems some time ago (here in German). The situation is now deteriorating dramatically because the Turkish lira continues to be under enormous pressure and has lost more than a third of its value against Western currencies since the beginning of the year. …
As part of our TARGET discussion, I had already asked what drives the alarmist economists, who only warn but never name the reasons for the problems they have “uncovered”? Now the leader of this species, Hans-Werner Sinn, is back and takes the twentieth anniversary of the euro as an opportunity to state completely pointlessly that the euro has not been a success story. …
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