International
A metaphor for all things under-rated
Microcredit, a concept spearheaded by Nobel Peace Prize winner Mohamed Yunus, received widespread admiration as a substitute for government poverty alleviation solutions. Based around the idea of social collateral, where borrowers are grouped together to assume joint responsibility for the... Continue reading...
How the PNB Scam Threatens to Damage India’s Diamond Industry
In February 2018, India was rocked by news of a massive case of bank fraud, involving some of the country’s wealthiest and most well-connected citizens as well as its third largest bank. The incident, referred to as The Punjab National... Continue reading...
The Asian Infrastructure Bank Represents a New Standard
The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank (MDB) that aims to support the building of infrastructure in the Asia-Pacific region, has quickly filled a vacuum left by traditional MDBs that have become bloated and inefficient. Since the... Continue reading...
Africa’s Millennial Are Globalizing a New African Narrative
Is the future African? According to the UN report, a third of all people on earth will be African by 2100. Although this is only a projection, if history is any indication, the population of Africa will be much four... Continue reading...
The Hidden Benefits of the Pyeongchang Olympics
From an economic perspective, hosting the Olympic Games is often considered a poor investment. They are frequently touted as catalysts for explosive job, infrastructure, and economic growth. These results, however, are generally short lived: increased employment in the hospitality and... Continue reading...
Soccer Fees Soar
The four most historically expensive soccer players’ transfer fees have all come in the past two years. Paul Pogba was sold to Manchester United for £105 million, mirroring the amount FC Barcelona coughed up to send Ousmane Dembélé to its... Continue reading...
K-Pop Boom
“Kim Nam-joon! Kim Seok-jin! Min Yoon-gi! Jung Ho-seok! Park Ji-min! Kim Tae-hyung! Jeon Jung-kook! BTS!” Probably for the first time ever, the audience chanted Korean names as BTS made an appearance on the Ellen Degeneres show last year.
BTS, a ... Continue reading...
Time to Invest in the African Fashion Industry?
Africa has become a hub for designers unafraid to create fashion statements embellished in colors as bold as the continent’s sunsets and in prints as culturally rich as its people. Their designs are cat-walking across runways both at home and... Continue reading...
Will China’s Housing Boom Lead to a Bust?
Despite being the biggest contributor to world growth, China’s economy has been causing worries at home and abroad for the past few years. First, China’s maturing economy experienced decelerated growth. Then, tumbling stock markets sent ripples throughout international markets. Now,... Continue reading...
Demystifying Hawala: An Inside Look at the Middle East’s Underground Banking System
The Arabic word hawala translates to payment or debt transfer and is the name of an informal money transfer system, traditionally used in the Muslim world, that is both criticized vehemently and relied heavily upon. It has been used to... Continue reading...
