Commentary

Every society has its share of the strong and the weak. It is the very definition of society, be it economically, socially or otherwise. The interaction and interrelation of these two groups determine not only the pace but also the place of society in the development chart. The relationship ranges from apathy to collaboration. Likewise, the development pace and place increases in the same direction.

A rapid and large increase of government debt has been a general phenomenon in the advanced countries since the 2007-09 crisis: for the first time, the average debt/GDP ratio for OECD countries has surpassed 100%.