Social Systems that Doom a Country: Part 2

This is a continuation of the blog post “Social Systems that Doom a Country”, which examined the differences between the success of liberalized, industrial nations that have enjoyed great economic benefits vs. the difficulty that more autocratic, non-liberalized countries have had in innovating with the modern world. Low value of education A highly educated population

Social Systems that Doom a Country: Part 1

What is it, exactly, that separates rich countries from poor countries? According to Lieutenant Colonel Ralph Peters of U.S. Army Intelligence, there are several characteristics that have been prevalent in countries that have struggled economically, around the world. Many poorer countries in Africa, South America, and parts of Asia have demonstrated nearly every aspect of

The Types of Game Theory

On this blog, we have recently discussed what game theory is, and how it it is used in economic theory to predict actions of certain economic players. However, it is important to address that there are many different models that are used within game Thierry, far more than just the standard model of zero-sum games

Europe Remains Steady During Global Showdown

Currently, many analysts are worried about the prospect of a global slowdown that could send the global economy back into a recession. However, each part of the world has been experiencing this slowdown a little differently. Truthfully, most of this worry comes down to China and the United States, who we have started to see

Negative Interest Rates Explained

The federal interest rate is a tool that the Federal Reserve can use, in order to stimulate lending and investing to speed up the economy. This has often been a tool that is utilized to fight things like GDP contractions and recessions. The issue, however, is that zero is often regarded as the lowest threshold

Fastest Growing Countries: Congo

Fastest Growing Countries is a series devoted to examining several countries with rapidly expanding economies today, or that at least have the potential to do so. By examining the historical rise of these countries and how it is happening, we can hope to better understand the variety of ways that we might be able to

Fastest Growing Countries: Ethiopia

Fastest Growing Countries is a series devoted to examining several countries with rapidly expanding economies today, or that at least have the potential to do so. By examining the historical rise of these countries and how it is happening, we can hope to better understand the variety of ways that we might be able to

Fastest Growing Countries: China

Fastest Growing Countries is a series devoted to examining several countries with rapidly expanding economies today, or that at least have the potential to do so. By examining the historical rise of these countries and how it is happening, we can hope to better understand the variety of ways that we might be able to