Doğu Perinçek, Vatan Party Chairman, held a press conference on 14 May 2024 and evaluated the Turkish government’s ‘Savings and Efficiency Package in the Public Sector’. Perinçek also announced Vatan Party’s ‘Radical Solutions for Savings and Investment’. Perinçek stated the following: What is savings? Savings are the values that a country allocates to investment from its total production in ...
We bring to your attention the article by Russian economist Sergey Glazyev, in which he examines the Russian economy’s struggle against Western sanctions. Glazyev’s article was first published in Russian in the magazine “Zavtra”. The title and subtitles in the English translation were put by UWI. Russia has restored dignity to its military, military-industrial complex and foreign policy. This hat-trick ...
While the German military debates plans to intervene directly in the war in Ukraine and the German government debates, among other steps, the reintroduction of obligatory military service as war preparations, others demand a different course in foreign policy. “Sanctions have failed as a policy instrument. There is no other way to peace without some interaction with Russia”, says Michael ...
By Michael Roberts * After almost two full years of war, Russia’s invasion of Ukraine has caused staggering losses to Ukraine’s people and economy. Ukraine’s GDP fell by 40% in 2022. There was a small recovery in 2023, but an additional 7.1 million Ukrainians now live in poverty. There are various estimates of the number of Ukrainian civilians and military casualties ...
Editorial note by Socialist China.org, where the following article first was published: We are pleased to publish below the English version of an article by Adnan Akfirat, Chairman of the Turkish Chinese Business Development and Friendship Association (and member of the Friends of Socialist China advisory group), countering Western propaganda about China’s evolving strategy against the Covid-19 pandemic. Having lived ...
Douglas Bolivar, Caracas, Venezuela The global economy is struggling with high inflation, problems in supply chains, widespread poverty. One of the most debated topics are energy and specifically oil prices. In that context, eyes have turned to Venezuela, the country with the biggest global oil reserves. On the situation and perspective of the Venezuelan economy, we spoke with Ramón Lobo. ...
By Recep Erçin* The Turkish economy has suffered three major currency crises since a difficult turn was taken, the country abandoning its growth model dependent on foreign capital flow. The first crisis took place in August 2018, and was triggered by the Pastor Brunson crisis. The second shock began in the autumn of 2020 with the dismissal of the Governor ...
The World Association of Political Economy (WAPE) has organized in cooperation with the Shanghai International Studies University (SISU) its 15th annual forum on December 18 and 19 in Shanghai, People’s Republic of China. The forum was titled this year “Rethinking economic analysis: Perspective of political economy”. Sessions were organized both online and in presence. More than 300 hundred speakers from ...
The author of these lines has an important difference in understanding the developments in China correctly. I have been living in Shanghai since 2011. I am in Turkey for one year due to pandemic. Therefore, I have the opportunity to look at the latest developments from the west of Asia. Our company in China is open. We regularly continue our ...
In his book “The Story of the Egyptian Economy”, well-known Egyptian economic thinker Jalal Amin emphasized that borrowing is an old and traditional behavior of the Egyptian government. Painful experience In this important book, which explains the development of debt in Egypt since the beginning of the modern Egyptian state, Amin said that during the 2 past centuries, Egypt witnessed ...