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Why have we established PAL?

10 August 2017 The whole world is going through a period of uncertainty. The crises in 2008 seems to have unraveled forces of protracted economic instability in countries which have been the drivers of inspiring economic growth and promoters of global policy paradigm. Along with other long term trends this triggered a popular discontent and infused radical political-populist shifts, which threaten to undo most of the gains of the globalization. Although there are some signs of economic recovery especially in Europe, experts are warning against complacency, pointing to bloated debt stocks of governments and private sector, fueled by easy and cheap credit. Political backlash seems to have been averted in Europe by recent elections in France and Holland, however populist discourse is still abound even in ce... [More]