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Austerity & Theresa M. May’s last dance!
Dickson Igwe
Theresa M. May gambled and lost on June 8, 2017. This, despite her Conservative party winning the most seats in Westminster. May lost the expectations game. She called the general Election to strengthen her parliamentary majority. She said that she needed to gain a stronger majority to strengthen her position in upcoming Brexit negotiations. Instead, May saw lost seats. Theresa M. May’s Conservative Party will have to form a coalition government. Her move has backfired terribly.
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.
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.
King Vision & Queen Infrastructure
By Dickson Igwe
The following narrative argues that vision is crucial to deciding on a national infrastructure model. Understanding a country’s physical and social infrastructure requirements begins with having an overarching national vision. The national vision is a grand idea.
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.
Austerity, pin pricks, and burst balloons
By Dickson Igwe
The following narrative is a snapshot of modern economic history. It reviews the divergences between Austerity and Stimulus. It is a short history of economic thinking from the 1970s up and until the Great Recession of 2007. It also looks at some inherent historical weaknesses in the two economic models.
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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