Publications
Under normal circumstances (the GCC is not included; see below), a company agrees to pay you a wage for one reason only: the tasks that you perform generate revenues for the company.
In the complex environment of conflict and decision making the modern world finds itself facing continuously today, how do non-democratic (or less democratic) systems compared to their Western democratic counterparts perform in developing and producing master strategists in leadership positions?
Oil has given the Gulf economies a very unique structure, which complicates comparisons to traditional economies. In particular, hydrocarbon income has played a large role in creating labor forces wherein nationals constitute a minority, a rare occurrence.
In last week’s Econ 101 column, we learnt that when a government struggles to manage its finances, it will suffer inflation and high interest rates, and that one remedy is to join the currency of a fiscally disciplined country.
During the euro zone debt crisis, the central authorities took emergency stabilising measures and adopted a series of preventive reforms. To understand them, one has to go back to the Nobel Prize winner Robert Mundell’s theory of optimal currency areas.