Economics

Any corrupt official or company who siphons money from the World Bank’s development assistance fund will now be publicly exposed, wrote a statement by the international financial institution on May 30th, following the inaugural publication of a set of decisions...

Rumours suggest that the US is likely to insist on maintaining the perverse selection process in which it gets to pick the World Bank’s president. But while Jim Yong Kim may be a good candidate, no single country should effectively...

The BRICS nations must be united in backing a single nominee as the next World Bank president, said Brazil’s finance minister Guido Mantega on Thursday. Though Mantega was speaking after a meeting with the US nominee Jim Yong Kim, he...

Until now, the United States had been given a kind of carte blanche to nominate anyone it wanted to the World Bank presidency. That is how the Bank ended up with several inappropriate leaders, including several bankers and political insiders...

The Korea-U.S. free trade agreement, first signed in 2007, has come into effect with the leaders of both countries calling it a good economic model that will help boost the strategic partnership between the two sides. However, activists are worried...

The World Bank’s central mission, when it was established in 1944, was to reduce global poverty and ensure that global development was environmentally sound and socially inclusive. However, since then the Bank has only served as an extension of US...

With Robert Zoellick departing in June as President of the World Bank, the Bank requires a new selection process that will enable it to choose the most qualified person, regardless of nationality. More importantly, it needs to identify the qualifications...

China and India could be the next economies bound for an imminent crash, claimed a report by Barclays Capital Research on Wednesday – whose annual Skyscraper Index survey cite an “unhealthy correlation” between the construction of skyscrapers and economic slowdowns....

The United States Treasury has once again raised objections over the Japanese yen and the Chinese yuan, but has stopped short of labelling China a currency manipulator. The statements, recorded in a semiannual currency report, comes after China and Japan...

The U.S. Senate has approved a bill that would increase the pressure on China and other countries to allow the value of their currencies to rise; in a move that supporters have said would create American jobs but that both...

Here is a list of internationally recognised economic bodies:  Abu Dhabi Fund for Development African Development Bank Group(AfDB) African Development Fund (AfDF) Nigeria Trust Fund (NTF) African Export-Import Bank (AFREXIMBANK) Andean Community General Secretariat Andean Development Corporation (CAF) Here is...

Employment is a contractual agreement between two parties, where an employee’s services are hired for a predetermined payment. All sectors, whether public / private or profit / non-profit, need to employ people from the domestic or international markets. The level...

Employment laws comprise of a comprehensive collection of laws, verdicts and precedents that serve to establish the rights, duties and restrictions of employees and employers. These laws can apply to a tripartite consisting of the employee, employer and trade union....

Working population refers to the number of people who are willing and eligible to work. Those who are above 15 years of age and willing to work are considered in this bracket. Retirement age differs from one country to another...

Employment security is a measure of the stability of employment conditions in the marketplace, and clearly is desirable for workers in that country. The longer the average working tenure is, and the lower the indicts of layoffs or redundancies are,...