The pandemic has pushed Amsterdam to bite into the ‘doughnut’ model

by Rashmee

Posted on June 14, 2020 / The Focus


Amsterdam’s response to the coronavirus pandemic has been simply extraordinary. It’s decided to officially embrace the so-called “Doughnut Model” of sustainable development. The framework, created by Oxford University economist Kate Raworth, tries to balance peoples’ needs with environmental awareness. So, Amsterdam will now be a petri dish of sorts. The Dutch capital is the first … Continue reading “The pandemic has pushed Amsterdam to bite into the ‘doughnut’ model”

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The last Nobel for poverty alleviation was a peace prize won by Muhammad Yunus

by Rashmee

Posted on October 14, 2019


I don’t know a whole lot about economics but it seems to me significant that the economics Nobel has been awarded to three professors for their work on poverty alleviation. Muhammad Yunus, the Bangladeshi social entrepreneur, banker and economist, was honoured with a Nobel for founding the Grameen Bank and pioneering the concepts of microcredit … Continue reading “The last Nobel for poverty alleviation was a peace prize won by Muhammad Yunus”

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Why Merkel took a massive bet on migrants as force for growth

by Rashmee

Posted on January 7, 2019 / The Arab Weekly


Year-end holiday festivities practically obscured something quite remarkable in Germany just before Christmas. German Chancellor Angela Merkel’s cabinet agreed to new immigration laws to put before parliament. On a continent whose politics is poisoned by fear of non-white, Muslim immigration, the German cabinet relaxed the rules for jobseekers from beyond the European Union and offered … Continue reading “Why Merkel took a massive bet on migrants as force for growth”

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Is China literally reinventing the theory & practice of macroeconomics?

by Rashmee

Posted on August 11, 2018


Did you know China hasn’t had a recession in 25 years? Me neither. Did you know that it has grown at least six per cent in that same period? Me neither. It could be that this is Chinese government propaganda –Qinghai, Yunnan, Chongqing, Guizhou, and Shaanxi are supposed to have the most questionable growth data … Continue reading “Is China literally reinventing the theory & practice of macroeconomics?”

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Is economic patriotism a good idea? Sometimes, only sometimes

by Rashmee

Posted on March 21, 2018


  Is economic patriotism a good idea? Sometimes, but not when there’s nothing but flag-waving and sloganeering to back it up. Earlier this month, Donald Trump made an executive decision and vetoed the takeover of Qualcomm, an American chip-maker, by its rival, Broadcom. Mr Trump cited the threat from China, particularly in 5G, a new … Continue reading “Is economic patriotism a good idea? Sometimes, only sometimes”

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Here’s a shocker: An economist who uses plain English and cooking metaphors

by Rashmee

Posted on July 19, 2016


Paul Romer, who will be the World Bank’s new chief economist, appears to be a rare practitioner of the disciple of economics. He wants to speak and write clearly in the hopes of being properly understood. In other words, he is not one of those that the late British prime minister Margaret Thatcher described as … Continue reading “Here’s a shocker: An economist who uses plain English and cooking metaphors”

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The only 4 things that can be done about the Greeks, in plain English

by Rashmee

Posted on July 5, 2015


The only sensible suggestions on what’s desirable and what’s possible in the Greece crisis have come from Austan Goolsbee, formerly President Obama’s top economist. Mr Goolsbee, who’s now at the University of Chicago, speaks plain English, which is handy if you’re not an economist (which must of us are not). Here’s a summary of what Mr … Continue reading “The only 4 things that can be done about the Greeks, in plain English”

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Unknown unknowns: Who gains if Greece defaults and exits euro?

by Rashmee

Posted on June 20, 2015


Who gains if Greece defaults on its liabilities and exits the eurozone? Athens, one might have thought. As with the spendthrift, once bankruptcy is declared, there should come a certain welcome sense of liberation. The psychological weight of having to do what you’re told even if you don’t like it, will suddenly lift. Greece will … Continue reading “Unknown unknowns: Who gains if Greece defaults and exits euro?”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK