One significant development in business is the rise of financial technology, referred to as “fintech.” This is the growing integration of technology with finance in order to improve and automate financial services, thereby increasing the convenience of financial operations. In the past year, signifi...
President Xi Jinping made his vision quite clear – he sees the future of China as a power with a significant role in shaping international politics and trade. This motive, which it shares with many of the other global powers, determines many of the strategies and tactics used by China. One of the ma...
Every country and culture ascribes itself to a particular core value set, which in a sense, defines it. For instance, the British government defined its values as ‘democracy, the rule of law, individual liberty and mutual respect and tolerance of those with different faiths and beliefs.
The emphasi...
At the hand of Chairman Deng Xiaoping, China finally opened its economy in 1979 to foreign investment and technology, normalizing trade with the US and becoming the factory of the world, which led to rapid growth. China was seen as an opportunity but has now turned into a threat. The most hostile st...
Throughout history, the education system has been one of the most important social institutions. It is the system that develops humans to what the government sees as fit for the functioning of society. In modern times the education system mostly follows western reforms which emphasize the hard scien...
“History tends to glorify and sanitize the past” – nothing demonstrates such a saying as much as slavery. For centuries European colonies have systematically pursued policies that exploited and enslaved people and their land. However, after centuries of rape, mutilation, whipping, shooting and the m...
In many advanced economies, wages have stagnated and labor’s share of the country's income has been diminishing. This has resulted in growing inequality and concern about the future of economic growth as it is consumer purchasing ability that drives the economy (as they stimulate demand). The reaso...
In this age of information technology, knowledge has become accessible in the pockets of 83% of the world's population. Now people can quickly research the accurate distance and time required to walk from one destination to another. They can search the mechanisms of different technologies, explore t...
There is an awful similarity between religion and neoclassical economics. Whereby in religious studies, you learn the mysticism of spirituality. In neoclassical economics, you learn the inefficiency of a controlled market and the magical nature of the natural rate of unemployment. They are similar b...
