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.
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.
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.
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.
It is widely agreed that automation in the form of artificial intelligence and robots will eventually displace a great number of workers throughout all industries. To what degree this will happen is not known. We will explore this as well as the concept of universal basic income as a solution.
The world has changed. Poverty is not the outcome of a lack of work. It is the result of a lack of money and resources. Where once those were linked, they no longer need to be.
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.
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.
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.
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.
Neo-liberalism was theorized by Milton Friedman and Ludwig von Mises. They convinced Thatcher and Reagan that a free market without regulation and low taxes would result in wealth for all.
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.
Foreign Exchange is a necessary tool for trading between countries, but rates of exchange are unfair to less powerful countries. It contributes directly to poverty and enriches banks and traders.
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.
Acknowledging the time value of money empowers people to make better financial decisions and become better savers and investors.
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.
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.
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.