Category Archives: Political Economy
Did an “invisible blockade” by the United States fatally undermine the Chilean economy under the presidency of Salvador Allende (1970-73)? Did it actually work? Short answer: No.
The roots of the present Greek crisis lie in the political transformation of the country during the 1980s. (Disclaimer: Although this post is about Greek fiscal behaviour, I am not taking Germany’s side. Lenders to the profligate are just as culpable as the borrowers.)