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Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism.
KEY ISSUES Context: Austria did not experience a severe boom-bust cycle and came through the crisis relatively well. The main impact was on the banking sector and public debt. With cyclical slack low and the recovery taking hold, this is the time to resolve crisis legacies and address long-standing structural issues. Outlook and risks: The recovery is taking hold, driven by a pick-up in exports. The most acute risks are mainly geopolitical and could in particular lead to financial spillovers. Financial sector policies: Bank restructuring should now be rapidly completed and bad asset disposal accelerated. Large internationally active banks should stand ready for further capital increases, and the EU banking union framework needs to be swiftly transposed at the national level. Public expenditure reforms: More decisive expenditure reforms in key areas such as pensions, health care, subsidies, and fiscal federalism would generate savings that could be used for both an accelerated debt reduction and lower labor taxation. Boosting potential output growth: Enhancing IT adaptation, improving the performance of the education system, facilitating access to financing for innovative start- ups, and reducing administrative barriers for new businesses would raise potential growth and labor productivity.
Hike vast glaciers, marvel at steaming volcanic lakes, and explore the land of the midnight sun: with Rick Steves, Iceland is yours to explore! Inside Rick Steves Iceland you'll find: Comprehensive itineraries that can be adapted for 24-hour layovers, 5-day visits, 2-week trips, and more, including the best road trips in Iceland from the Ring Road to the Golden Circle Rick's strategic advice on how to get the most out of your time and money, with rankings of his must-see favorites Top sights and hidden gems, from the stunning northern lights to hidden hikes and cozy bookstores How to connect with local culture: Soak in hidden hot springs, sample smoked fish, and chat with locals in moody and welcoming rural towns Beat the crowds, skip the lines, and avoid tourist traps with Rick's candid, humorous insight The best places to eat, sleep, and relax Self-guided walking tours of lively Reykjavík and art and history museums and mile-by-mile scenic driving tours Detailed maps for exploring on the go Useful resources including a packing list, an Icelandic phrase book, a historical overview, and recommended reading Over 500 bible-thin pages include everything worth seeing without weighing you down Complete, up-to-date information on Reykjavík, the Reykjanes Peninsula, the Golden Circle, the South Coast, the Westman Islands, West Iceland, The Ring Road, the East Fjords, and more Make the most of every day and every dollar with Rick Steves Iceland. Expanding your trip? Try Rick Steves Scandinavia or Rick Steves Northern European Cruise Ports.
This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, output grew by 3.6 percent in 2014. Unemployment declined sharply reflecting the expansion of public works programs and job creation in the private sector. Headline and core inflation decelerated sharply, and inflation expectations fell below the National Bank of Hungary’s inflation target. Going forward, output growth is projected to decelerate to 2.75 percent in 2015, on account of a smaller domestic-demand impetus owing to less-supportive fiscal stance and lower investment growth.
The 2008 Edition of the Complete & Independent Guide was the first edition of the book and now ten years on, a fully revised and updated second edition is now available, containing 246 pages packed with statistical details and analysis. It now includes many of the statistics used in the later editions as well as all new facts and figures. The book has an expanded section on the national qualification competitions for 2008 as well as the usual in-depth section on the entire voting history of each country.