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Articles on Economic crisis

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Argentina’s president-elect, Alberto Fernández (right), with his running mate, former president and first lady Cristina Fernández de Kirchner. Reuters/Agustin Marcarian

Argentina elects new president on promises to fix economy and unify a struggling nation

Argentina has voted for change. Alberto Fernández, a 60-year-old lawyer, defeated President Mauricio Macri with a campaign emphasizing economic recovery, social inclusion and national unity.
Venezuelan President Nicolás Maduro created a new cryptocurrency called the ‘Petro’ to combat hyperinflation. Reuters/Carlos Garcia Rawlins

Is authoritarianism bad for the economy? Ask Venezuela – or Hungary or Turkey

When an elected leader turns autocratic, the economy tends to suffer. That’s because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.
Argentina is just one of a handful of crisis-stricken nations asking the International Monetary Fund for help. David Fernandez/EPA

The world’s economic crisis-fighting mechanisms are dangerously inadequate

Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.
AP Photo/Ricardo Mazalan

Inside Venezuela’s crisis: 7 essential reads

How to understand the economic, political and humanitarian crisis that has brought a South American nation to its knees.
Venezuela urgently needs financial assistance, but the regime of Nicolás Maduro has few international allies. AP Photo/Ricardo Mazalan

Nobody is going to bail out Venezuela

China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
Mozambique’s military responded swiftly following deadly attacks by Islamist gunmen on three police stations recently. Reuters/Juda Ngwenya

Why Islamist attack demands a careful response from Mozambique

The first Islamist attack carried out by Mozambicans in the country is particularly surprising given the pride the country takes in its sound and relaxed inter-religious relations.
Two men sit at the roadside in the hope of being offered work. South Africa’s unemployment is moving towards 30%. EPA/NIC BOTHMA

Why South Africa shouldn’t turn to the IMF for help

The idea that South Africa must look towards the International Monetary Fund to rescue itself from the prevailing crisis must be dismissed.
Facing hunger, scarcity, sickness, protest and no clear path toward salvation, Venezuela is on the brink of something, but just what is not clear. ビッグアップジャパン/flickr

Global series: Venezuela’s collapse

The best news and analysis of Venezuela’s dangerous descent into crisis, written by local economists and political scientists who are living it every day.

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