Uganda, which has an estimated 2.5 billion barrels of crude oil reserves according to Statista, wants to build a refinery so it can be able to fully maximise every single drop of oil it extracts. The only problem is that building an oil refinery is quite expensive, especially at a time when many African countries…
Systemic debt and deficit spending are intrinsic features of today's economic system. Unlike classical economics, where markets play the leading role and governments the supporting one, the existing economic model, driven by Keynesian theory, has inverted the roles.