Economy

Vibrant Madrid and the bustling coastal resorts hide a grim reality. Many areas of the interior are dying. Why is this happening and what can be done?

Is there a problem with how markets work?

Just like any other big company, Walmart has had its share of legal issues and criticism from the public. Walmart is accused of underpaying its employees, and some of them have even lodged complaints about international trade disputes.

Philosopher Bertrand Russell argued in 1935 that humanity would be happier if work was redistributed and a work-life balance with more leisure time would result in a better society.

Micro-finance agencies in the U.S. do not achieve the same results that they do in less capitalist countries. There is a reason for that. In reflecting back on the successful micro-loan agency I helped set up in Grenada in the West Indies, the key differences from the U.S. became clear.

As COVID-19 spreads throughout the world, the Kenyan economy has been hit hard by the challenges of dealing with the virus.

Economic development is usually measured by the total value of goods and services produced in an economy. The environment is the source of goods and services that fuel economic growth. Therefore, an increase in economic growth indicates an increase in natural resource utilization of the environment.

There is a way for the U.S. to avoid the economic and social chaos that is unfolding before us. This article explores how the Corona National Survival Plan can save us from economic ruin.

A country's employment rate is one of the most important factors that both indicates its economic welfare and has a great impact on its economic development. This article examines this complicated issue by presenting the top 10 countries with the highest employment rate.

Most of the positive economic factors that Donald Trump brags about occurred during the Obama presidency, years before Trump became president.

Fossil fuels—coal, oil, and natural gas—are currently the world's primary energy source. These non-renewable resources have fueled the global economy for centuries. However, they are finite resources, and a future without them is a very real prospect.

Have you ever wondered which countries are the most hardworking in the world? Read this article to find out.

Coronavirus is not the first sickness to be flashing in headlines of world media, and not the first to impact the world economy. And unfortunately, it won't be the last.

On a planet with finite resources, the economy cannot keep growing forever.

The world’s economy is evolving. From an economy that worked on exchanging physical goods for currencies and valuables, we’re now moving towards a digital economy, where services and goods are bought and sold over the internet.

This article describes how the downturn of the Gross Domestic Product (GDP), the trade deficit, and the labor force participation rate can contribute to a recession and how an inverted bond yield curve can indicate a recession is forthcoming.

The discovery of natural resources, particularly of oil and gas, poses both significant positive prospects as well as negative opportunities.

Rapidly developing artificial intelligence and robotic technologies have started to impact human jobs, a trend that will accelerate as these technologies become more sophisticated and refined. We face a future with massive unemployment due to artificial intelligence and robots taking over jobs.

This article illustrates the difference between the unemployment rate and the Labor Force Participation Rate (LFPR) and why LFPR gives a more realistic view of our job market than the unemployment rate.

When China joined the world trade organization in 2001, it led to the beginning of true globalization. This opened up the world as a market for Chinese goods. Since then, China’s export volume has been increasing.

This article debunks common socialist talking points.

Economist Arthur Laffer is famous for his Laffer Curve which illustrates the fact that at a certain point increases in taxes result in a decrease in tax revenue. While considered a radical new theory by many, this theory was first advanced 600 years ago by the Arab scholar Ibn Khaldun.

In America, it is often argued that our jobs are being taken by immigrants and other countries. The fact is, this is not true. How can jobs be taken when we are willingly handing them over?

China's economic relationship with Africa is coming under increased scrutiny, as some now view it as predatory in nature, rather than working to boost economic growth in the region. This article looks at both sides of the issue.

West African fisheries face grave challenges. This article proposes how to resolve them or at least mitigate their difficulties.

If he didn't coin the word, he certainly brought it to its current use, Jordan Belfort used ratholes to trade stocks in fraudulent companies he made deals with, undetected, for a while at least.

With the politicization of absolutely everything in life, we have forgotten that civil discourse and ethics of leadership really do set the tone for all of society.

A look at the shrinking middle class and what may be causing its demise.

The market of counterfeit or fake products seems to be on a rise. In 2013, the industry was estimated to have been as large as half a trillion-dollar industry.

The company OLA cabs was born in India in 2010, Uber was incubated in the US in 2009 but made its Indian entry in 2013, and the rest is a cab-aggregating history.

Capitalism knows no bounds, and we are now living in a world where globalist practices mean less freedom and less upward mobility.

There are many who believe that the U.S economy may be losing its edge over foreign economies because of regulations like Sarbanes-Oxley and Dodd–Frank Wall Street Reformed Consumer Protection Act.

Protectionism is the practice of limiting outside competition through applying tariffs, quotas, and subsidies. Usually, the purpose is to guard domestic industries and jobs. Here are the pros and cons.

Stagnant wages, high and rising cost of living, and a culture that encourages spending as a way of driving the economy.

Acknowledging the time value of money empowers people to make better financial decisions and become better savers and investors.

This will be a review of China's meteoric economic rise, and how it came at the expense of America. China has not only surpassed America, but it has perhaps crippled America's ability to recover.

Pennies are relics of an age when American coins were worth more. Now they are just bothersome novelties that have no real use and should be discontinued. Read on to learn why.

Everybody knows a ton of lawyer jokes, none of them flattering, but economists get their legs pulled a lot as well, often by members of their own profession.

The United States Federal governement loves to spend money resulting in a large debt. Is this large national debt significant or should we worry?

This article is a unique, detailed look at several reasons why the US economy is still bad—even in 2019. The mainstream media is lying to us about the real extent of the situation.

Capitalism's excesses are becoming too much for the world to bear. Three seminal events in this century highlighted this fact: the 2008 crash, Occupy in 2012, and Bernie Sanders' rise. Those are not three separate events, but a cascading evolution to something new and more sustainable.

Today is vastly impacted by all the yesterdays. European imperialism shaped Africa to what it is today socially, politically, economically, and even geographically.

Fighting corruption among world leaders, fostering skill programs and scholarships, and properly funding higher education are some of the best ways to combat youth unemployment across the globe.

Since the beginning of the transitioning process in the 1980s, China has become a world power. This article explores the transition process in China and its main characteristics, accomplishments and consequences.

This article uses Nike as a case study of globalisation and looks at the social and economic impacts of industrial development by TNCs.

Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.

Gross domestic product or GDP is an intricate calculation of many figures. GDP is mostly used to understand a country's economic power and development, but also to compare nations.

This article deals with quantitative restrictions and measures equivalent to quantitative restrictions (MEQR) in the European Union's concept of Free Movement of Goods.

This article will attempt to explain the general workings of America's fiat economy, concentrating on the monetary accounting. These explanations follow the principles of Modern Monetary Theory.

This article uses the principles of Modern Monetary Theory to explain the fate of dollars when the federal budget is in surplus. I touch upon economic contraction, removal of dollars from the economy, what would happen if America tried to pay down the national debt by buying back bonds, and what would happen if America tried to pay down the national debt by running persistent surpluses.