Crimea Refocuses on Tourism in Push for Economic Diversification

When the tiny 10,000 square mile (27 km) peninsula known as Crimea fell into political unrest, its future was in doubt.  The row which started in the aftermath of an election pitted Western powers against Russia in what became a standoff over time.  Despite its elections to the contrary, the official record for the U.S….

Small Business Grows in South Africa

Undoubtedly, despite all of the bad press, South Africa is on the right track. Much like the success of the United States, South Africa has begun to focus on growing its small enterprises as drivers of the economy. In an official release, it was announced that Minister of Small Business Development, Ms Lindiwe Zulu, delivered…

The Economics of Dominance: A New World Order

Just when it seemed a comprise had been reached between China and the US on trade; there was the arrest of Huawei CFO Meng Wanzhou. Arrested in Canada for extradition on December 1, Meng faces charges levied by the US Justice Department. The unusual case has come under scrutiny and garnered nervous murmurs from sectors…

Globalization and Labor: Gigs Grow As Stability Falters

In 2017, there were nearly 600 million entrepreneurs recorded, according to figures from the Global Entrepreneurship Monitor (GEM).  There are an estimated 27 million in the United States alone,  0.05 percent of that giant worldwide figure.  While the signs of growing entrepreneurship seem encouraging, are they indicative of a much larger issue throughout the world? …

Angola and The Changing Face of Debt

In early February 2018, Angola signed a 70-million-dollar agreement with the World Bank to develop the nation’s local economy.   The loan is specifically targeted at infrastructure construction of medical centers, staff residences and other public works. The African nation has unsuccessfully sought to attract investors and appears to be turning its aspirations inward.  Like many…

Nigeria, Rebuilding Momentum in the World Economy

In 2012 Nigeria generated nearly 150 billion in exports; but in just a over a year, trade had dropped by nearly half, at 90 billion.  Few know that the United States is Nigeria’s largest export destination receiving much of its revenue from oil and crude.  While many Nigerians blamed the precipitous drop that rocked the…

Congo: The Sleeping Giant Battling Back to Relevance

In 2016, the Democratic Republic of the Congo had a GDP of just over $32 Billion USD.  These numbers are staggering for a nation with a population of 83 billion souls and a 800 GDP per capita.  The horror is that the nation leads the world in some of the most precious metals and timber…

Saudi Moves Forward on Education and ICT

Saudi Arabia has begun to shift its focus in recent years away from oil economy dependency and toward greater inclusion in more flexible markets and industries.  Technology has become a major force multiplier in the world today for economies around the globe, especially those in developing economies.  The Kingdom has recognized that it’s oil economy…

Finding Purpose in Work

There is a huge myth out there that one should find meaning in the work that s/he does.  While I agree that enjoying work is important I think we have forgotten that for many years people did pretty ordinary things like farm land, cut down trees, build houses and dig wells.  In fact, I believe…

Reflections on Ghana: Africans Will “Save” Africa

Traditionally, Africa’s growth has been quantified in terms of Foreign Aid, good governance models and foreign investment.  However, statistics are now proving that those ideas are in fact wrong.  The popular notion in most sectors, both domestically and internationally, is that African nations achieve growth through investment from large multinationals that mine natural resources, wealthy…