Economics

The Venezuelan Economic Crisis and Oil

The Venezuelan Economic Crisis and Oil

By Daniel S. Leon, PhD Candidate at the University of Leipzig, Germany
Location Germany Germany

Venezuelan economic woes that affect the general population will continue to worsen, even if oil prices rise again. Venezuela has been mentioned in the last few months repeatedly because of the precarious state of its economy. It entered recession as of last year after GDP growth during the first three quarters contracted by more than two percentage points in each term. The Venezuelan inflation rate for 2014 was the world’s highest, 63.6 percent as reported […]

Is the Odious Debt Doctrine an “Out” for Argentina?

Is the Odious Debt Doctrine an “Out” for Argentina?

By Antonio C. Hsiang, Associate Professor at Chihlee Institute of Technology, Taiwan
Location Taiwan Taiwan

Does Argentina have a viable case under the odious debt doctrine? A brief look at its debt history may be helpful. Argentina’s Minister of Economy Axel Kicillof recently insisted that his country had not defaulted on its international bonds for the eighth time in its history, but instead had suffered a “freak occurrence.” On Aug. 7, 2014, Argentina filed a suit at the International Court of Justice against the US, arguing that American courts infringed […]

January 7, 2015 · 1 comment · Argentina, Business, Economics
Why Pakistan’s Richest Province Remains Backward

Why Pakistan’s Richest Province Remains Backward

By Zareen Dashti, Law Student
Location Pakistan Pakistan

Despite an abundance of precious resources, Balochistan remains backward due to our incompetent leadership. Balochistan, Pakistan’s wealthiest province containing giant deposits of gold, copper, gas, marble and other natural resources, remains underdeveloped. The people living in the province are economically backward and illiterate. Even in some places the people can’t get clean water to drink. Moreover, Balochistan possesses tremendous potential of metallic and non-metallic minerals. About 90 percent of coal is being taken form Balochistan […]

What Pakistan can Learn from China

What Pakistan can Learn from China

By Jahanzaib Naeem, Journalism Student at International Islamic University, Islamabad
Location Pakistan Pakistan

It seems like the time has come for Pakistan, keeping the insurgency in Balochistan in view, to learn a lesson from China. China’s western regions, due to being situated at a long distance from coast, were very backward and underdeveloped. They were almost deprived of many resources. This underdevelopment, backwardness and sense of deprivation caused the emergence of a rebellion revolution among the people of the western regions of China. Several revolutionary groups and anti-government […]

December 25, 2014 · 1 comment · Business, China, Economics, Pakistan
Reko Diq Gold Mines: A Complicated Matter

Reko Diq Gold Mines: A Complicated Matter

By Adnan Aamir, Freelance Researcher, Analyst and Columnist
Location Pakistan Pakistan

As the drama related to Reko Diq unfolds, the poor and deprived people of Balochistan remain hopeful that the precious resources will be used to their benefit. Reko Diq is a town located in the Chagai district of Pakistan. This town contains gold and cooper reserves which are estimated to value over $260 billion. In 1993, the exploration and extraction license of these mines were given to Tethyan Copper Company (TCC). In 2011, Government of […]

December 13, 2014 · 0 comments · Balochistan, Business, Economics, Pakistan
Juncker Plan: Economic Recovery or Business as Usual?

Juncker Plan: Economic Recovery or Business as Usual?

By Paulo Casaca, Portuguese Politician
Location Belgium Belgium

European Commission President Jean-Claude Juncker’s economic recovery plan corresponds to zero commitments of new public expenditure. BRUSSELS — The welcome gift handled to the new head of the European Commission by the International Consortium of Investigative Journalists could not be more poisonous: a report on the tax favors he conceded from 2002 to 2010 (he was then both prime minister and minister of finance of Luxembourg) to hundreds of multinationals through an international consultancy. Luxembourg […]

Credit: Mohamed Messara/EPA

The Saudi Royals’ and Merchants’ Duplicitous Collaboration

By Ali Alyami, Executive Director of the Center for Democracy and Human Rights in Saudi Arabia
Location United States United States

The Saudi merchants’ and ruling princes’ policies and practices are likely to lead to public retaliation. The staggering and avoidable unemployment rate among Saudis is a ticking time bomb waiting to explode. It’s estimated that unemployment among Saudi youth is 30 percent and much higher among women. It’s not only uneducated Saudi women who cannot find jobs, but 60 percent of women with Ph.D. degrees cannot find or are denied employment because of their gender. This […]

November 18, 2014 · 0 comments · Business, Economics, Saudi Arabia