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. Fishers and seafood exporters in the coastal enclave of Kenya report that their trade has been nearly nonexistent while farmers complain of a coming food crisis.
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.
The basic economic problem of all societies is that there are finite economic resources but infinite wants. Market economy and command economy are two economic models that address this core issue with different approaches.
The day President Trump was elected, our economy was in sad shape. In his first year in office, thousands of companies announced enormous new capital investments, employee raises and bonuses, and plans to hire more people. Unemployment went down to its lowest level in fifty years, and wages went up.
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.
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.
It's a lie that we can't shut down certain businesses because there won't be anymore jobs. The truth is that where once humans had to work a long time to produce what they needed, that is no longer the situation. We can change the economic system so that we don't need jobs!
Are we headed for another recession? 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.
Trading wars have been going on for too long. Each morning, the presidents of the two biggest global economies smile shaking hands, but evening comes, and new sanctions are declared by both sides. It’s become obvious that America is doing everything to suck the oxygen out of the yuan.
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.
The Democrats regained power in the House of Representatives and many state legislatures in 2016. Their resurgence has created a schism between the new Social Democrats and moderates. This relationship and how it reflects on the nation at large is key to the party's future and that of the U.S.
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 paper proposes how to resolve them or at least mitigate their difficulties.
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.
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.
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.
Gain insight into the efficacy of post-communist economic and political reforms and better understand Vladimir Putin's hold on power.
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.
This hub lists 7 countries that experienced negative economic growth in 2016
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.
NAFTA has had a controversial impact on the countries involved. This article explores the effects of the agreement on the United States, Mexico and Canada.
There are many problems with globalization that need to be addressed including, exploitation, loss of domestic jobs, and the deterioration of ancient cultures. There are ways countries can live with
I think changes need to be made to the CEO compensation schemes in America. After reading about how tens of millions of Americans are earning less than $10.10 an hour while CEO’s are having
China’s spectacular economic growth created a get-rich-quick mentality that has been easily exploited con artists.
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.
Conservatives base their whole economic philosophy, & therefore policy, on false assumptions about how taxes impact the economy & human behavior. It isn't an academic concern & it impacts our lives.
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.
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. It is normally done to guard domestic industries and jobs. Here are the pros and cons.
Economic Growth, meaning GDP growth, is dependent on only two factors over the long-term: Population Growth and Productivity Growth. Both were low during the last ten years and so was GDP.
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.
