Japan, having grappled with deflation during the lost decades (the 1990s-2010s), has repeatedly pursued government interventions in the hope of revitalizing its economy. One such strategy was ‘Abenomics’, a shock-and-awe stimulus policy that was the signature in the economic realm of Japan’s longest-serving Prime Minister – Shinzo Abe. The term, ‘Abenomics’ is a portmanteau of…
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If recent indicators are anything to go by, Nigeria’s economy is in shambles. The Naira is trading at over N500/$ at the open market, inflation in double-digits, unemployment at a record high, uninspiring debt levels, and deteriorating welfare indicators. The past few years have been such a downhill ride. But you should expect little from…
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The COVID-19 pandemic that has persisted through the year, has raised the need to protect people, stabilize demand and stimulate recovery. The provision of emergency support has brought additional expenditure obligations, including emergency healthcare services, stimulus packages, payroll supports and rise in unemployment benefits. While advanced economies had automatic stabilizers to cushion the effect of…
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As the world copes with the health implications of COVID-19, the turnout of events has resulted into severe implications for the fiscal positions of various emerging and frontier economies. While dollar inflows from commodity exports and remittances have collapsed, the softening of local currencies have raised levels of indebtedness. Thus, emergency financing flows from International…
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Global economies involve the participation of government as regulators to ensure no fraction of the population is marginalized due to the actions or inactions of certain classes in society as well as ensuring the security of all. This ideology is the foundation for all of the government’s activities which include but are not limited to…
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