Parex or we’ll see a swindle. Again.

Watching Domburs’ Show while making some exercises, made me realise that Kampars’ voice is practically the same of Homer Simpson in ‘The Simpsons’ Brazilian version. Although an interesting discovery, this is not the most important thing one can realize watching tonight’s Kas Notiek Latvija. I just realized the guys are preparing one of the biggest [...]

Latvia at crossroads: Scenarios and Strategies for Socio-Economic Development

One Saturday, after hearing a conference at SSE Riga, Jānis Ošlējs and I started to talk how would be great to have a conference discussing economic development beyond the ideological approaches common to Latvia. So, we started working on it, we added Jānis Grēviņš to the team, and here we are. The conference’s speakers are [...]

Bad samaritans: Ha-Joon Chang on economic development

Dear all, I know it’s more than one month I’m not writing. I’m writing my PhD dissertation with a great dedication. I really need to end it soon. However, as usual, I’ve been thinking about economic development. One of nowadays most interesting thinkers is Ha-Joon Chang from Cambridge. He has been in Riga talking about [...]

Economic dogmas and development: bye-bye Latvia!

Development has been one of the most sensitive question in economics. However, in the last 40 years it hasn’t discussed properly, as reason gave place to fetish. The first point is that there is fashion in the Academy and it’s cyclical. Specifically about economics, in the capitalist block we have seen – in the last [...]

IMF using global crisis to ‘re-launch’ itself

Nothing new. They’ll never change. It’s always the dicotomy: keynesianism to the rich, monetarism to the poor. Although the author doesn’t understand what is happening in Latvia, it’s a good article from South Africa! IMF using global crisis to ‘re-launch’ itself By Christi van der Westhuizen CAPE TOWN, May 15 (IPS) – The International Monetary Fund [...]

And the euro?

When I wrote back in 2006 (click here)  that Latvia would bankrupt because of the irresponsable economic policies, or better, because of the lack of any logic economic policy, everybody told me that I was wrong. They said that Latvia would forever face a strong and sustainable growth based on speculation with real estate actives [...]

Surreal, as a Bosch’s painting

Yesterday I had a wonderful evening at my good friend Veiko’s place. Nice sauna, nice beer and, most important, nice and intelligent conversation. We discussed a lot about the Latvian economy and how the government and the economic agents still don’t want to face the reality. As my flight to London is about 2 hours [...]