The Economics of Dominance: A New World Order

Just when it seemed a comprise had been reached between the 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…

The Korean Quotient: Hedging Bets in Asia

With just 22 percent of its topography composed of arable land, South Korea is a nation of hills and mountains. Island nations and nations with little arable land must often balance between domestic production and international imports to feed its citizens and maintain prudent import/export levels. While rice is the Republic of South Korea’s (ROK)…

The Asian Dream: Vietnam’s Rise From Ruin

It is hard to believe that just 45 years ago, Vietnam was reeling from a long bitter war with U. S., the most powerful nation on the planet at that time.  In March of 1973, the last US troops withdrew from Vietnam and former U.S. president, Richard M. Nixon is reported declaring, “the day we…

The West and the Rest: Growth and A Green-Eyed Monster

“The West vs. The Rest,” a term coined from the ideology of famed political science professor Samuel Huntington, seems to be a growing phenomenon in the world today. In Huntington’s book, the Clash of Civilization, he appeared to be more narrowly focused on the rise of the Mideast, rather than the growing dichotomy that has…

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…

Is NAFTA a Roadmap for Africa’s Continental Free Trade Agreement?

The deadline to renew the North American Free Trade Agreement (NAFTA) is set for the end of March; but it is currently under renegotiation, with the U.S. and Canada making some of the biggest changes. The current administration has been skeptical of NAFTA’s economic benefit; with experts also disagreeing over how effective the agreement has…

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…

#AfriCapitalism: Does African Currency Matter?

Waiting to pay my bill in Ghana, I rummaged through my purse and my pockets.  Oh, no!  I hadn’t any more Ghana Cedis.  I was in the West African nation of Ghana, and I had run out of Cedis (the national currency).  All I had were dollars and at present there was no place to…

We Will Remember In Deeds

On days like this, always allude to our higher selves by going out to volunteer a few hours or getting together friends to help a Habitat for Humanity Project.  These are all admirable gestures, but by far we as professionals need to invest more.  Especially where it is really needed in our communities and cities. …

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…

Part 4 : The African Entrepreneur

The economics of business and social policy always happen to creep into my mind whenever I visit a new place.  It was no different in Ghana. I had a great opportunity to talk with everyday folks to find out their take on government, politics, money and business. Most Ghanaians I met, seemed fairly settled on the…