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The Corona recession or depression
By Dickson C. Igwe
The world economy is in the process of abysmal collapse: a major contraction in consumer demand and supply. In the USA, the current President, Donald Trump, is in denial and states that he expects the economy to begin to return to normal in April this year. Donald Trump believes economic growth precedes national health.
Austerity or Stimulus: What economic medicine?
Dickson Igwe
The following story is on the economics of disaster. Hurricane Irma, a monster Hurricane, struck the Virgin Islands on September 6, 2017. Irma was the strongest hurricane to have visited the Caribbean in recorded history. Its impact on the Virgin Islands meant the worst disaster to visit the Virgin Islands since the 1800s. Irma was the Virgin Islands 911.
A not so United Kingdom
By Dickson Igwe
The British General Election of May 12, 2015 revealed the soft underbelly of Britain’s politics of regionalism and class division. The election was furthermore as much about economics as it was about politics.
'VIP will cut taxes'- ‘Juggy’ Harrigan
BELLE VUE, Tortola, VI – Virgin Islands Party (VIP) candidate for the Sixth District Elvis ‘Juggy’ Harrigan said a Virgin Islands Party (VIP) in Government would provide tax breaks to put money in people’s pockets and to get the economy going again.
Obama’s policy of stimulus trumps right wing austerity
By Dickson Igwe
The USA has regained its position as the main engine of world economic growth. As 2014 ends, the US is the fastest growing developed economy. The last quarter, July-September 2014, the US economy grew 5%. This was the fastest rate of American economic growth since 2003. It remains to be seen whether Barack Obama’s policy of stimulus has taken the US back to the era of the Clinton Presidency, when a sustained economic boom lasted for almost a decade.
Economics - never an exact science 1
By Dickson Igwe
The following narrative is part of a series of articles on issues affecting the global economy, relevant to the Virgin Islands. It uses the contemporary US economic model as analogy. It argues that economics and politics are in a symbiotic relationship. They are joined at the hip.
Inequality and slow economic growth 1
By Dickson Igwe
This Old Boy Journalist has been reading with interest the political discussion in the Virgin Islands media of recent days. It appears that a narrative is already being written in the lead up to the General Election of 2016. In his opinion, it is a story about economics. It is a rendition on which economic model is best for these islands sitting in the North Atlantic, in the years ahead.
King stimulus or queen austerity
By Dickson Igwe
Current political debate in the Virgin Islands pits a prudential and cautious financial model, against a model that argues for greater spending to generate economic growth. Which is correct?
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