Never in recent history has their been an opportunity to huge for nations to reset themselves and balance power. The Covid-19 Pandemic has helped to shift already decadent world powers and rising stars. Some nations took the opportunity to pay themselves handsomely, through clever sleight of hand by their central banks. Others, mostly developing nations…
Tag: economy
Breaking Bad: Pushing Back Against A Punishing Austerity
In the past, southern European countries have been punished fiscally by northern European states to preserve the fragile ecosystem of the European Union. It has meant grueling austerity measures that tested populations across Europe. Today, as Covid-19 continues its destructive path, for the first time, Southern European nations may not be punished for the fiscal…
Italy Fortifies Security on Economy and Migration
In August 2011, Italy agreed to 65 billion dollars in austerity measures meted out by the European Union. The reverberations of the world Financial Crises of 2008 cracked veneer of Europe’s largest socioeconomic pact. With southern European nations like Italy and Greece at the forefront of the fray, many saw major economic retraction in their…
A Cost the World Can No Longer Afford
On the first week of a new year and a new decade, one of the largest economy in the world indirectly attacked the 26th largest economy by killing one of its most beloved generals. The Iranian general Qasem Soleimani was killed in an airstrike in Baghdad, Iraq just three days into the new year. Incidentally,…
Haiti: An Opportunity Missed
It has largely been the victim of those who came to “save” it from recent misfortunes. The imperative to create more inclusive systems of economic, trade and finance beckons even more.
On Entropy: The Shifting World
As children, sometimes the most asinine things earn our attention. At least in the old days they did, back when children played with toys that didn’t talk back or require a lithium battery to operate. One of those old affects was the proverbial spinning top. An awkward space-ship looking toy that, with the right torque…
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…
Lela Winston 