Economy

Three influential businessmen close to Viktor Orbán have interests in almost every sector. Lőrinc Mészáros has almost doubled the number of his enterprises last year, the companies of Garancsi are soaring and Andy Vajna’s wealth grows exponentially.

Over the last years, Asia has undergone an impressive digital transformation. Large parts of the continent have turned from the world’s factory into a creative industry. Digitalization has become a driving force of social and economic change. This certainly means more opportunities for innovation and growth for many countries. However, on the flipside, if new technologies are in the wrong hands they can also be used as a mean to abuse power.

Our economy is obsessed with productivity and growth. How can we transform it into one built around a broader sense of prosperity? One that makes our lives worthwhile instead of destroying our planet?

Seven “Engagement Groups” circle around the G20 and attempt to influence its decisions. However, their relative power to influence outcomes differs greatly.

An ecological crisis that is becoming increasingly hard to ignore is confronting policymakers with a dilemma: they are being called upon to protect the conditions for life on Earth without overly hampering industrial production and economic growth.

Trading in compensation credits is used to legalize emissions that exceed binding regulatory limits. It also occurs in areas without legal limits.

The UK’s divorce from the EU has diminished the hope of both the British and the Chinese in placing the UK as a spring board to the whole European market. Beijing is losing its newly acquired “best partner in the West”.

Since 2004, there has been a wave of aggressive privatization in Georgia. Until today the state is allowing for a situation, whereby uncontrolled exploitation of natural resources leads to people becoming dependent on monopolist enterprises. An overview in occasion of the International Workers’ Day.

Economic sciences are not the same as evolutionary theory. But why do we consider economy as nature given? We don't have to, says ecologocial economist Irene Schöne.

Cecosesola is a network of about sixty cooperatives and grassroots organizations in Venezuela, with about 20,000 members. The cooperatives sell at weekly markets and provide community-backed loans, among many other services.

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The tension between the imperatives of “market sovereignty” and the entrenched principle of “state sovereignty” of authoritarian oligarchies will define the open-ended tendencies and outcomes of the ongoing regionalisation process in Southeast Asia.

Entrepreneurial spirit will play an important role in driving energy transitions around the world. Cem Özdemir travelled to San Francisco to witness how innovative solutions are driving low-carbon development in the Bay Area.

On 2 February, Angela Merkel flew to Budapest to spend five hours in the Hungarian capital. This seemingly routine and uneventful flash visit was nonetheless much anticipated on the Hungarian side.