The Failure of Good Governance: How it led to the Financial Crisis

The concept of good governance has typically been used in development economics as a way to describe the system of aid-recipient countries – developing economies. The recent economic crisis has brought this concept into light in developed economies where governance, both public and private, has been assumed to be sound. Euphemistically put, the unfolding of […]

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The Losing Battle: Fuel Versus Food

In the environment of rising oil prices and issues of climate change looming large, rich countries needed to wean themselves off dependence on fossil fuels. Biofuels seemed like a sure winner – firstly, because supporting biofuels meant supporting domestic agricultural industries. Secondly, because biofuels were thought to be greener than fossil fuels since the amount […]

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