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Economies, Volume 13, Issue 1

January 2025 - 21 articles

Cover Story: This paper advocates a paradigm shift for peripheral economies from traditional models reliant on foreign reserves to a development strategy grounded in modern monetary theory (MMT). It proposes a job guarantee (JG) policy that acts as an automatic stabilizer for sustainable growth. Critiquing conventional external reserve accumulation, the study highlights MMT’s emphasis on monetary sovereignty, flexible exchange rates, low interest rates, and capital controls. Through a systematic literature review, it explores MMT’s potential to reduce dependency on foreign currencies, prioritize full employment, mobilize domestic resources, and foster structural transformations. Despite challenges, the approach offers a more equitable, stable, and autonomous development path for peripheral economies. View this paper

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2,324 Views

23 Pages

The Tariff Liberalisation Policy Nexus with Non-Tariff Measures: Panel Model Evidence in the SA–EU Fruit Products Trade

Chiedza L. Muchopa

Economies2025, 13(1), 1;https://doi.org/10.3390/economies13010001

25 December 2024

Higher levels of quota granted can induce and increase exports, but the impact is not the same across all tariff lines. Answers are sought to the question of how the level of exports changes as the quota size of tariff rate quotas changes, thus enabl...

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Economies - ISSN 2227-7099

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