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…