economy

Crises, particularly so severe as the one we are currently facing, have the inevitable habit of redefining the way our economic life works. The way people work, as well as the very labor market itself, will undergo significant changes.

If the ongoing lockdown – unprecedented on this scale in the modern history – is to continue for another three months or longer, we will bear witness to an economic and humanitarian catastrophe. What might follow is a massive and unpredictable social rebellion.

Do you know how to do it? You know, a corpulent guy, that politician or whomever, demonstrated it on TV. Just turn the tap on. No, don’t worry, they promised us they are reducing the water price. They even took over that company that billed us.

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.

Coronavirus has become water for the mill of all those who would like a strong central, authoritarian-like government. On the Polish radio, I have already heard the cries of admiration for the Chinese system, which apparently would be more effective than the European Union is.

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.

The political platform of the Greek New Right, which has embedded authoritarian attitudes cultivating an anti-liberal sub-culture to the party’s voters, is in accordance with several European conservative movements like in Hungary, Austria, or Czechia.

The quality of Germany’s educational system will also have an impact on its economic success. Since the German economy is based to a considerable extent on world-leading technology, a passing score can rapidly turn into rustication. Therefore, some liberal extra lessons are urgently needed.

The football business shows well how underestimating a well-performing and efficient player can bring other costs. The player may either simply leave for another team, or, if restricted with a contract – underperform to the level only required by the payment.

How can international climate protection work if the Trumps and Bolsanaros of this world attempt to block it with all their might? Climate protection can only be achieved via joint negotiations and compromises as well as constructive cooperation between the members of the global community.