A New Banking Crisis?

Bad Numbers Today, there are over $3 trillion in stressed loan assets, compared to around $1 trillion of US sub-prime loans which was the catalyst for the 2008/2009 crisis. The World Bank estimates the ratio of non-performing loans (“NPLs”) to total gross loans is comparable the 2009 levels of 4.2% in 2009. Several loci of […]

Can Uganda Step Up to New Economic Challenges?

photo: Mark Nelson Leif Rosenberger: Former Professor of Economics, US Army War College & Former Chief Economist at CENTCOM and PACOM Back in the 1970s, Uganda was one of the worst run economies in the world. Uganda suffered through a lost decade when Idi Amin was in power in the 1970s. Thankfully, Uganda’s economic performance dramatically […]

New Pragmatism: Economics and Economic Policy for the Future

  New pragmatism is an original, paradigmatic and heterodox theoretical concept within the field of economic science, which attempts to address current civilizational challenges and factors that will determine the future functioning of economic systems. It strives to advance economic theory in a direction that allows a more in-depth and accurate cognition of the economic […]

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