Category: Economics
Through the lens of history, Taiwan has always been a part of China - will history repeat itself or will Taiwan pave a new way?
Lebanon’s Seemingly Endless Search for Stability
Today, Lebanon is feeling the effects of a war it is fighting against no one, but itself. Its economy has plummeted and social unrest has been a key repercussion of everything that has gone on over the past two years. A sense of lawlessness has erupted and altercations between different ethnic groups have become increasingly prevalent for the first time in over 30 years, corresponding to the end of the last major internal crisis the nation of Lebanon has dealt with.
Automation and Post-Scarcity: ‘Utopia’ for the Global North, But What About the Global South?
Automation could lead to an era where the necessity of labour would be minimal. While this situation could alleviate the needs of many, the path to getting there could create issues in the relationship between the Global North and the Global South by radically altering the face of foreign direct investment.
From The Sick Man of Asia To Economic Miracle: China’s Poverty Alleviation Program
Reflecting on the 40 years of exploration, it is clear that China uses its unique approach of centralized management, intensive and targeted goals, and strategically adapts to local conditions to transform from an insignificant global economic competitor to the second-largest economy in the world.
Ecosystem Accounting: A Novel Approach for Measuring Growth
On March 10 2021, the UN Statistical Commission adopted a new framework for measuring economic prosperity. Formally known as the System of Environmental-Economic Accounting — Ecosystem Accounting (SEEA EA, or ecosystem accounting), this new framework recognizes natural capital as an … Continue reading
The Truth Behind the 2022 World Cup: Qatar and Its Troubling Labour Laws
The burden of meeting high expectations for the 2022 World Cup have been largely shouldered by the country’s large population of migrant labourers who form the basis of the crews of the construction projects.
The Overlooked Inequality Present in Gulf Nations
If, as the rest of the world moves towards equality and justness, the Gulf moved in the same direction, many migrant workers would benefit and live better lives as a result. This is only possible, however, if Gulf nations recognize their faults and work to reverse them by giving migrant labourers more opportunities and benefits like those of their own citizens.
The Threatening Secrecy Behind China’s Loan Provisions
China's increasing secrecy around loan payment demands further investigation. China’s perpetual lack of accountability must be addressed, and the power contained in this wealthy nation must be checked.
The Ethics of Randomized Experiments in International Development
While RCTs certainly can be useful tools for informing development research, researchers should take more time to consider the ethical concerns associated with such experiments and ask whether an RCT is always the best way to learn something.
Vaccine Passports
Vaccine passports will exacerbate existing inequalities caused by globalization: allowing the rich to accelerate a return to their accustomed freedom of movement while the poor are physically and economically restricted, with limited access to the COVID-19 vaccine