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12
May
2018

Kuala Lumpur: In Southeast Asia, a region with a history of authoritarian rule, it required a seismic shift to topple Malaysia’s ruling Barisan Nasional (National Front) coalition that had been in government continuously since independence from Britain in 1957. As in Ireland, the British parliamentary tradition has had an impact and the Malaysian army has never been directly involved in politics compared with the coup d'état record of the Thai military. The defeated governing coalition could not thwart the wave of support for the multi-racial opposition alliance.

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9
May
2018

MELAKA, MALAYSIA: The Age of European Colonisation began in 1488 and eventually it had a major impact on the common diet of all Europeans, but at a huge human cost for people elsewhere.  After the collapse of colonialism, the industrialised Western diet together with its processed foods and chronic diseases spread across the world in recent decades through what has been called coca-colonisation.

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22
Jan
2018

The Dutch Republic (1581-1795) also known as the Republic of the Seven United Netherlands, was founded after the rejection of the rule of Philip II of Spain. In the seventeenth century, it was the richest country in Europe and it had the attributes of a modern economy with a high ratio of urbanisation, educational institutions, and the location of the birth of both the modern multinational corporation and stock exchange.

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2
Jan
2018

The US economy has reverted to the economic and political structure of a developing nation according to a book by Peter Temin, emeritus professor of economics at MIT (Massachusetts Institute of Technology), published in 2017. Temin who turned 80 in December, has used a 1950s era economic model developed by W. Arthur Lewis (1915-1991), the West Indian economist who won the Nobel Memorial Prize in Economic Sciences in 1979. Lewis proposed a dual economy in developing countries, with one part containing upwardly-mobile, skilled workers and the other part inhabited by subsistence workers.

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11
Dec
2017
31
Oct
2017

Prof Séamus Grimes of NUI Galway is one of the leading Irish academic experts on China's economy and he has focused his recent research on the evolution of the indigenous high tech sectors in both Ireland and in what is again the world's biggest economy (adjusted for price differences using what are called Purchasing Power Standards), since it lost its place to Great Britain in 1820. Last week at the university, Prof Grimes made a presentation on China's massive 'One Belt, One Road'/ Silk Road intercontinental project, that was first announced by President Xi Jinping in 2013.

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10
Oct
2017

On Monday Lawrence Summers, Harvard economist, former Treasury secretary and director of the National Economic Council in the first term of President Obama, in effect called President Trump's top 3 economic advisers lying fraudsters in his monthly column in The Washington Post and The Financial Times. He said their tax-cutting proposal was "a melange of ideas put forth without precision or arithmetic" and it was easy to demonstrate that the claims, including the assertion that domestic investment will be spurred by corporate tax cuts, were "some combination of ignorant, disingenuous and dishonest."  Meanwhile, William Lazonick, professor of economics, University of Massachusetts Lowell, has published a paper on the disconnect between the real American economy and what he calls "the legalized looting of the US business corporation."

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18
May
2017

The 2016 Democracy Index, published this year by the Economist Intelligence Unit (EIU) — a sister company of the Economist — shows that almost one-half of the world's countries can be considered to be democracies of some sort, but the number of "full democracies" has fallen from 20 in 2015 to 19 in 2016. Ireland has a joint ranking of 6 while the US has been downgraded from a "full democracy" to a "flawed democracy" because of a further erosion of trust in government and elected officials there.

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14
Mar
2017

On Monday the US Congressional Budget Office report on Trumpcare — the replacement for the health insurance system that the Obama Administration proposed for Americans without employer provided health insurance — estimated 14 million people losing insurance in the first year 2018 and 24 million by 2016, with premiums soaring for older, lower-income Americans. The CBO says Trumpcare would cut the annual budget deficit about $30 billion a year in a $19 trillion economy.

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24
Jan
2017