The UK just signed a mega £1.2billion pound free-trade deal with Ghana. The resource-scarce nation has been signing a frenzy of trade deals post Brexit (The Britain’s exit from the EU). The deal will give Ghana instant tariff-free access, especially for the products it exports most. According to an official release from the UK Department…
Tag: oil
Trade Wars Redux: King Cotton Always Wins
Today, the US is once again entangled in the politics and economics of cotton. The United States has announced that it is prepared to ban cotton and tomato imports from China’s Xinjiang over allegations of forced labor. The irony lies in that the world’s once largest economy, built on forced labor in cotton production, is…
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,…
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….
A Trade War of the Worlds
In 2014, China held over a third of U.S. debt, amounting to nearly 18 trillion USD. In just four years, that number has dwindled to a paltry 1.18 trillion, due in large part to China’s rapid sell-off of American currency. In the past, nations sought U.S. dollars as a guarantee to ensure fiscal stability due…
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…
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…
Everybody Wants to Rule the World: The Currency Race
There is a lot of talk swirling around the reason for the Slave Trade in Libya these days. There is this thought that because of destabilization in the region, insurgents have overrun the region and lawlessness has abounded. There are a lot of horror going on in the region, and we have only seen a…
Lela Winston 