According to the World Bank, all economies with a population of less than 0.5 million are considered to be “micro.” At present, there are 29 such countries which constitute around 15% of the total number of countries in the world. They are typically clustered and widespread in three regions: the
Category: Economics & Finance
LEBANON ECONOMIC CRISIS – EXPLAINED!
Lebanon is a symbol of peace and stability, probably one of the only states in the Middle East whose image has not been tarnished and mired by a string of conspiracies, or a state that has not let political upheaval and civil violence get in the way of its development
AFRICA’S CAPABILITY TO MAINTAIN ECONOMIC STABILITY IN THE FACE OF ADVERSITY
The economic lagging of Africa in the global market can be easily seen through the major gap between its contribution to the world’s population (17%) and the world’s GDP (3%). The failure to optimally use the continent’s existing resources contributes to the gap. Unless the massive growth opportunities and risks
CASE STUDY OF THE JAPANESE ECONOMY
Japan is an island country of East Asia located in the northwest Pacific Ocean. Being a part of the Ring of Fire, the country is prone to earthquakes and volcanic eruptions. It comprises an archipelago of 6852 islands with Tokyo as the capital. It is quite surprising to see that
NORDIC ECONOMIC MODEL – IS THE GRASS GREENER ON THE OTHER SIDE?
At the time when the world’s richest 1% own 44% of the wealth and the lowest 56.6% people own less than 2% of the global wealth (source), many of the scholars, economists, politicians and policymakers are looking for ways to remedy the situation. In this backdrop, the Scandinavian countries of
UK’S ECONOMIC TURBULENCE AND WHAT THE FUTURE LOOKS LIKE
The last few months have presented some of the most difficult challenges mankind has ever faced. Throughout the course of time, there have been numerous events that have tested the resolve of humans, and we have more often than not emerged victorious in the face of such arduous difficulties. However,
DECODING SOUTH KOREA’S ECONOMY
The Korean War from 1950 to 1953 had devastating effects on the population of both the nations due to their hostile division. Families were torn apart with no form of communication and left South Korea in a state of poverty. While this impact in itself was colossal, South Korea had
INDIA’S DHARAVI THRIVING INFORMAL ECONOMY: A SLUM OF OPPORTUNITIES
Dharavi, one of the world’s biggest slums, lies right in the middle of India’s financial capital. It provides shelter to more than a million people and sprawls over 590 acres. It is home to a large number of thriving micro industries that produce top quality leather goods, wax printed goods,
INVESTMENT OPPORTUNITIES IN AFRICA: AN OVERVIEW
Africa’s slow progress can be a cause of concern for prospective investors. However, investing in the emerging sectors will long-term benefits to those willing to wait. Strong demographics, rising sectors and abundant resources are some of the long-term growth opportunities. Strive Masiyiwa, chairman of the pan-African company Econet Group, remarked:
CHINA’S POSITION IN THE GLOBAL ECONOMY: THE IMPACTS OF CURRENT TENSION ON TRADE AND WORLD ECONOMY
China is a country located in East Asia with a population of around 1.4 billion, making it the world’s most populous country. It is the third-largest country in terms of area. China’s landscape is vast and diverse. It emerged as one of the first civilisations in the fertile basin of the