Remittances: the quiet billions that keep whole economies afloat
Migrant workers send home roughly three times what rich countries give in foreign aid, and the fees skimmed from those transfers remain one…
Liam Chen
435 reading now
#Global Economy
Stories tagged “Global Economy”.
11 stories
What Are the World Bank and IMF? The Institutions That Shape the Global Economy
The World Bank and IMF lend trillions to developing countries — but their conditions are controversial. Here's how they work and why they…
Liam Chen
434 reading now
G7 vs G20: What's the Difference and Why Do They Both Exist?
The G7 and G20 are both clubs of powerful countries that meet to discuss the global economy — but they have different members, different…
Liam Chen
337 reading now
Understanding the Global Debt Crisis: Why It Matters and What Can Be Done
Global debt is at record levels. Here is why high debt matters, which countries are most at risk and what options exist for resolution.
Marcus Vale
422 reading now
What Is Globalisation? Pros, Cons and Debates
Globalisation is the growing integration of economies, cultures and people across borders. This explainer covers what drives it, who wins…
Liam Chen
417 reading now
What Is the IMF? The International Monetary Fund Explained
The International Monetary Fund is a global financial institution that promotes monetary stability and lends to countries in crisis. This…
Liam Chen
393 reading now
The Coming Debt Storm: Why Dozens of Developing Nations Face Default
Rising interest rates, a strong dollar, and the lingering effects of COVID-19 have pushed over 50 developing countries to the brink of debt…
Liam Chen
457 reading now
What Is a Developing Country?
A developing country is one with a lower level of economic development and living standards relative to wealthier nations. Here is how the…
Liam Chen
438 reading now
What Is the World Bank?
The World Bank is an international institution that lends money and expertise to developing countries to reduce poverty. Here is what it…
Liam Chen
416 reading now
What Is a Tax Haven?
A tax haven is a jurisdiction that offers very low taxes and high secrecy to attract money from elsewhere. Here is how tax havens work, the…
Liam Chen
356 reading now
Foreign Direct Investment (FDI) Explained
Foreign direct investment is when a company or individual based in one country takes a lasting ownership stake in a business in another…
Liam Chen
365 reading now