Tourism can be a great way for places to generate income and jobs, as well as raise their profile, but it can also have downsides. I list the main advantages and disadvantages of tourism.
Neo-liberalism was the brainchild of 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.
A description of left-skewed and right-skewed economies as well as an argument for the values of a free market society.
Gain insight into the efficacy of post-communist economic and political reforms and better understand Vladimir Putin's hold on power.
Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.
A summary of the next Industrial Revolution - Industry 4.0 - and the expected social and economic changes this will undoubtedly lead to. We are currently near the end of the 3rd revolution and I think we will be moving almost immediately into the 4th Industrial Revolution.
Since the Great Recession, debt levels have been approaching dangerous levels. This in turn has had adverse effects on the global economy and the psychological well-being of debtors.
The cornerstone of our monetary is based on fractional banking. This, along with the Federal Reserve (I will discuss the Federal Reserve in another article) play an important role in the value of our money, the dollar. It also has a significant...
Raising the minimum wage to $15 isn't the solution for low-income workers since they’ll need to generate more than $15 to stay employed. Read why.
This list of the pros and cons of globalization attempts to give a summary of the essential for and against arguments employed by people when they debate the merits of globalization.
The evidence of this study suggests that financial crisis was not avoidable. However, some issues must be taken into account depending on firms or banks that they choose in order to avoid a financial crisis.
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 paper proposes how to resolve them or at least mitigate their difficulties.
Capitalism and socialism. These two systems are two very different ways for society to go into the future, and both have strong supporters and opponents. I'm solidly a capitalist, and in this hub I will explain to the best of my ability why. Why is capitalism good? Why doesn't socialism work? Comments are welcomed.
Capitalism's excesses are becoming too much for the world to bear. Three seminal events in the last eight years have 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, more sustainable.