Economics

In a recent discussion, Pope Francis' deputy, Cardinal Pietro Parolin, the Vatican's Secretary of State, said the world would need to develop a new model of economic development. The Vatican believes this new model must marry economic growth with plans...

Nobel laureate economist and mathematician John Nash and his wife Alicia Lopez-Harrison de Lardé died in a car crash this Saturday. John Forbes Nash, Jr. was famous for revolutionizing game theory and partial differential equations; his insights into non-cooperative games...

As this year’s crop of college graduates don their caps and gowns and listen to inspiring commencement addresses before embarking on uncertain futures, they’ll also hear a lot about the consequences of the large debts most of them amassed attaining...

After the Senate’s refusal to pass trade promotion authority (TPA) on May 12, some trade advocates feared that President Obama’s ongoing commercial negotiations with Asia and Europe would die a slow death. Yesterday’s narrow vote in the Senate to close...

As the ASEAN Economic Community’s (AEC) December 2015 deadline approaches, most observers feel that the initiative’s deliverables — an integrated production space with free movement of goods, services, and skilled labour — are unachievable.  This may be true. However, the...

The US dollar's recovery last week may not get the kind of fundamental support that medium and long-term investors would like to see to raise the confidence that the two-month correction has run its course.  The US dollar's recovery last...

LEE SNIDER PHOTO IMAGES / Shutterstock.com LEE SNIDER PHOTO IMAGES / Shutterstock.com When online shopping emerged as a global phenomenon in the early 2000s, I remember reading prophecies that consumers would now cruise far and wide across the internet for...

Unless the Trans-Pacific Partnership (TPP) trade talks conclude soon, they risk dragging on interminably. If that happens, the United States’ capacity to function as a benign world hegemon will be diminished. To avoid this, the White House is determined to...

Recently, two very powerful and damaging storms have wreaked havoc in the Western Pacific: Cyclone Pam and Typhoon Maysak. These were two of the most intense storms to impact this region in the past 15 years, by some metrics, the...

According to a report from the World Bank, Gaza's employment rate is the highest in the world, and its economy will not survive without support from international donors and aid from Israel. The economy is struggling due to poor management,...

While many may be familiar with the area known as Gaza or the Gaza Strip from its frequent appearances in the news, many may not realize the economic condition of this region. After a conflict with Israel in 2014, this...

Successful horse-trading got the US Senate closer to granting the President Trade Promotion Authority for the first time since 2002.  Sixty votes needed to push the process to the next step and that is exactly what happened after a deal...

The 70th anniversary of the end of the World War II offers an opportunity for Northeast Asia to reflect on the lessons learnt from the past and to forge a vision for a peaceful and prosperous future. The Northeast Asian...

After a long winter, strong dollar, and sagging oil prices led to a slower start to 2015 than many in the United States had hoped for, things appear to be taking a positive turn. A report by the Commerce Department...

The US dollar extended its recent gains against the major currencies.  The euro returned to its break out level near $1.1060 after approaching $1.15 at the end of last week.  In three sessions, it has surrendered more than 38% of...