Facing a possible economic recession, the Chinese government relies on promoting private sector. Can that work? By Orçun Göktürk – Beijing / China In an effort to stimulate recovery in the Chinese economy post-COVID-19, a series of policies have been implemented, such as strongly promoting the development of the private economy, increasing foreign investment, reducing loan interest rates, boosting demand ...
Iran is currently in the midst of presidential election campaign activities. With only a few days remaining in the campaign, candidates are attempting to establish their strength by visiting various cities and hosting election rallies to show their grassroots support. This is to strengthen their position in the wake of the televised debates. While all observers considered the main competition ...
Local elections in Türkiye resulted in a heavy defeat for the government and a victory for the main opposition party, Republican People’s Party (CHP). A total of 48,153,788 citizens voted in the elections held on March 31, with a turnout of 78.53%. 35 political parties and independent candidates participated in the elections. Big shock for AKP in metropolitan cities The ...
By Úrsula Asta, Buenos Aires, Argentina The government of Javier Milei in Argentina began with a package of regressive measures for the vast majority of the people. In the first weeks of his mandate, first, there was an accelerated economic deterioration in form of a mega devaluation of 118 percent and a sharp increase in inflation. Secondly, it issued the ...
By Tolga Dişçi In the United Kingdom, the debate on the tax cuts proposed by the government continues. Prime Minister Rishi Sunak recently stated that social benefits provided by the public sector will be cut to finance tax cuts. British economist Michael Roberts analyzed the debate for us. Will the planned cuts in social benefits and the tax cuts to ...
By Orçun Göktürk, Beijing, China For the average person living in the West, Chinese politics seems complicated because Chinese democracy is judged according to Western stereotypes. But China’s top legislative organs, the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), hold their annual meetings in Beijing after the Chinese New Year, symbolizing China’s whole-process ‘people’s democracy’. ...
Summer heatwaves go on in Türkiye, so does the busy political agenda. Two significant events of the last week were the negative stance adopted by United Nations officials towards the Turkish Republic of Northern Cyprus and President Erdoğan’s visit to Hungary. Thirdly, decisions of the Cabinet meeting also held an important place. UN provocation against the Turkish Republic of Northern Cyprus The Ministry of Foreign ...
By Recep Erçin After an intense election marathon, Türkiye focused on the economy. The question mark on the minds after the selection of the economic management by President Erdoğan is whether the Turkish Economic Model will be abandoned or not! Türkiye experienced a “bright” period with the IMF policies implemented after the 2000s. When we look at what it was ...
Elections are over, Lula has won and Brazil is in transition to his government, which will take office on January 1st. Lula is Honorary Chairman of the Workers’ Party of Brazil, the leading force in a broad coalition. How does the coalition interpret the election results? How will they establish governability, given the conservative majority in the parliament? What will ...
By Michael Roberts * Published on October 30 before the elections, Roberts’ article provides deep insight into Brazil’s economic situation and challenges. These have not changed with the election results, quite the contrary, Roberts’ article describes the landscape that President-elect Lula faces. Therefore, we consider the article of great value, UWI. The latest polls put Workers Party leader Lula de ...