Category: Economics
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
China’s Five-Year Plan Provides the First Insights To What the Future Holds After the COVID-19 Pandemic
The preview of the 14th 5-year plan has provided a first look into how the economic recovery from the pandemic will be projected, and how current changes in the socio-economic balance of the nation will continue to hold significance in the future.
Slave Labour in the Fashion Industry: Xinjiang’s Cotton
One of the world’s largest cotton producers is China; the Xinjiang province in western China is now the origin of 20% of the world’s raw cotton. Yet a recent report gives strong indication that labour transfer programs are being used to force Uyghurs into cotton harvesting.
The Consequences of Fast-Fashion in the Global South
Today, eco-colonialism is a major consequence of fast fashion practices stemming from the fatal environmental and the social consequences.