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World Affairs

Singapore Number One, Again

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BY LEE HIANG SEAH 22/03/2015 A recent survey conducted by the Economic Intelligence Unit (EIU) found Singapore to be the world’s most expensive city.[1] After comparing the prices of 180 services and products across 133 countries, the city-state topped the charts for the second year in a row.[2] With grocery ...

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Anarchy, State and Somalia

Anarchy, State and Somalia

By BENJAMIN JUDGE 27/02/2015 This article argues that in anarchic states vacuous of the rule of law, laws are created by decentralized self-governance institutions which ensure economic success. Adopting Thomas Bingham’s (2011) framework, the rule of law can be defined as a situation where “all persons and authorities within the state…[are]…bound ...

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Russia’s New Dilemma

Russia

By JAKOB MURATOV 02/10/2014 On Aug. 7, President Putin signed a Kremlin decree banning imported agricultural products from the European Union, the United States, Australia, Canada and Norway. According to Putin, the first and foremost reason for this action was to help domestic producers raise their competitiveness by producing and selling ...

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Erdogan vs Econ 101

Erdogan

By MAHIR ONAT TOPAL, o2/10/2014 Anyone who reads the Turkish Prime Minister and President-elect Mr. Erdogan’s remarks on the high interest rates in his country may have thought that there had been a revolutionary change in basic economic theory. Yasin Aktay, head of the foreign relations committee of Erdogan’s ruling ...

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