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News

November 11th, 2017
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.

May 30th, 2015
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.

May 29th, 2015
'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.

December 27th, 2014
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.

September 13th, 2014
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.

September 6th, 2014
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.

January 4th, 2014
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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