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Eastern Europe

Crisis and austerity in the Czech Republic
Conditions of life in the Czech Republic worsened last year, but the Government is persisting with policies like those that led Greece into its current crisis. This bleak analysis comes from the fifth annual report by the country's Social Watch coalition, which also questions the budget cuts that have been made and highlights their negative impact on families and on the national economy.
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Back to the IMF? Hungary under siege by creditors
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.
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Nationalist neo-liberalism: Orbán's risky gamble
Hungary's centre-right government introduces a flat income tax of 16% and a very low taxation of small and medium enterprises. The government claims that this would kick-start economic growth. One would expect that the neo-liberal pundits are overjoyed that Hungary joins their camp. However, this is not the case.
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The Baltic Future of Greece
Latvia and Estonia show us what Greece may look forward to if it follows the advice it gets from the International Monetary Fund (IMF) and the European Union. As noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25% of GDP, a recent study shows.
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The Euro-zone in Crisis / UN Reform

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WDEV Recent Issues

Issue 1-2/Jan-Jun 2017
The end of US hegemony + Financing for development? Mostly not! + Turkey at the crossroads
Issue 1-4/Jan-Dec 2016
The Brexit is not gender-neutral + Poverty reduction at risk + ITUC Rights Index 2016 + Europe's multiple crises
Issue 3-4/Jul-Dec 2015
Left losses in Latin America + World Bank's gender strategy + Markel's victory in Greece
Issue 1-2/Jan-Jun 2015
Tax avoidance and investment policy + Alternatives to stagnation in Europe + New labour standard + Rehabilitating the c word
Issue 4/Oct-Dec 2014
Challenging 2015 + PPP and infrastructure + The case of Ebola + OECD and tax avoidance + Juncker's new European Commission
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WDEV Highlights

Enthronisation of an ultra-presidential regime?
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
Financing for development? Mostly not!
Recent disturbing trends in international finance have particularly problematic implications, especially for developing countries. The new United Nations report, World Economic Situation and Prospects 2017 (WESP 2017), is the only recent report of a multilateral inter-governmental organization to recognize these problems, especially as they are relevant to the financing requirements for achieving the Sustainable Development Goals (SDGs).
The end of US hegemony
The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government announced measures that go against the present economic rules while not proposing new ones.
Global employment crisis: 2030 Agenda under threat
The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016.
The closing of democratic space for trade unions
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.