Tag Archives: investment

  Why Can’t We Be Friends? The Downgrade of the US Credit Rating

On August 5, 2011, one of the most groundbreaking events in American economic history took place when Standard & Poor’s (S&P) downgraded the United States’ credit rating from AAA to AA+. Once considered an improbable possibility, S&P set a precedent …

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  It’s All About Jobs

The United States has barely recovered from the financial crisis and Europe will soon face a sovereign debt crisis. Unemployment has reached an average 9.9 percent in Europe in June 2011, but ranges from four percent in Austria to twenty-one …

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  21st Century Greek Tragedy: The European Debt Crisis

Introduction When turning on the news, it is impossible to avoid the constant talks surrounding the U.S. budget problems and the impending debt ceiling. Amid the discussion is an endless fear over the possibility of U.S. default on its debt, …

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  Africa Rising: Myth or Reality?

Media around the world have been reporting on a recent African Development Bank study claiming that Africa has a new middle class of 313 million, a size on par with middle classes in India and China.1 This news was trumpeted …

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  BRICS: The New World Powers

There is a new era arising in international relations. The rise of the BRICS countries (Brazil, Russia, India, China, and South Africa) is changing power dynamics in world affairs. While the U.S. maintains its superpower status, it is increasingly being …

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  Threats to the US-China Relationship

China released a “white paper” on March 31st accusing the United States of making the region more “volatile.” China claims that Washington’s web of alliances and military forces across Asia pose security challenges.1 If China decides to act on them, …

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  To Tax or Not to Tax?

Governments around the world are searching for ways to grow their economies, while simultaneously decreasing federal deficits. Most countries worldwide have public debt. This debt is not a problem as long as the countries can pay it back, while still …

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  Fallout from Japan’s Earthquake and Nuclear Disaster

Sadly, responses to natural disasters often highlight the best and the worst of globalization. Unfortunately, the aftermath of the March 11th earthquake and tsunami that hit northern Japan serves as a perfect case-study to examine the role of globalization in …

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  What South Africa Thinks about Globalization

  South Africa is one of the most unequal countries in the world. The country is struggling to bring restitution to its black majority, while developing itself economically. While equal access to schooling was guaranteed in 1996 Schools Act, access …

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  A New Middle East?

Long characterized as region run by autocratic leaders, the Middle East is dawning on a new era. It all began when protestors in Tunisia forced the ouster of President Zine el-Abidine Ben Ali. Within days, rallies were held across Egypt …

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