The coronavirus (COVID-19) pandemic is a global health crisis that inevitably spills into other areas of people’s lives. In responding to the exigencies of the coronavirus pandemic, governments around the world have made vast and unprecedented decisions to combat the spread of the virus and protect lives.
Oman started 2020 off on the right foot when it comes to economic freedom. A new Foreign Capital Investment Law (FCIL) came into force to visibly lower barriers to foreign investment in the Sultanate. The crucial change is that 100% foreign ownership is now possible in Oman.
Global trade growth has been in a slowdown for a decade. Contributing to the trend is a recent rise in protectionist policies, particularly in the United States. On top of it, Brexit, no matter in what form it takes, is projected to decrease trade volumes.
Over the past decade, sympathies and support for the authoritarianism have been spreading across Europe. The fourth issue of The Visio Journal features a debate on liberalism versus authoritarianism, which is fought in the realm of ideas, institutions, and public policies.
With the rise of nationalism and hybrid forms of authoritarianism, the rights and freedoms of citizens are under assault in many corners of the globe. Unsurprisingly, among the countries with the most substantial deterioration in freedom in the last year are Angola, Venezuela, and Tajikistan.
The Western Balkan countries already have plans for bold and deep institutional reforms that will not only liberalize and deliver a boost to their economies, but will also, most importantly, significantly improve the level of freedom enjoyed by the people in the region.
The fall of the Berlin Wall on November 9, 1989, was not only the beginning of the reunification of the Germans, it was also one of several events that in the months and years to come would have more than 100 million people, including Estonians, successfully turn their back to communism.
Even though Hong Kong operates under separate laws within the ‘one country, two systems’ model, the invisible hand of mainland China is becoming increasingly visible in the territory. In response, mass protests have been ongoing for four months in Hong Kong.
Recently, Hong Kong chief executive Carrie Lam announced that her government will withdraw the contested bill that would undermine the rule of law by allowing extraditions to mainland China, which sparked three months of protests in the city. However, demonstrations are unlikely to end anytime soon.