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Millions of children in supply chains of US, EU, major corporations, and even organizations like UN, says activist Fernando Morales-de la Cruz
Zimbabwe has been named among 24 countries that are most affected by economic challenges rooted in the distortionary impact of the parallel market for foreign currency, causing persistent macroeconomic instability. According to a report released by the World Bank last week, as of March 31, 2023, the Southern African country was ranked seventh on the…
The Dominican Republic-Central American Free Trade Agreement wouldexpand markets for Central America, the Dominican Republic, and theUnited States; help to integrate these countries into the globaleconomy; encourage needed economic reforms; bolster positivepolitical trends; and signal the entire hemisphere that Washingtonis serious about market integration and helping its neighbors todevelop.
David Malpass discusses parallel exchange rates in this blog, showing they are expensive, highly distortionary for all market participants, are associated with higher inflation, impede private sector development and foreign investment, and lead to lower growth.
As we’ve emphasized at CASSE for two decades, “Sustainability is a steady state economy.” It’s time to add, “GDP is the ecological footprint.”