Aid to developing countries may have originated as supportive gesture, but Swapnil Mishra, 21, a Correspondent from India, currently studying in the U.S., argues that cash donations led to structural weaknesses that eventually put those nations at a disadvantage. In the postwar world, the funds from First World nations lowered the needs of leaders in …

“Developed nations have a competitive edge” Read More »

Does Brexit mean the UK will offer better trade agreements for African Commonwealth Countries, or will it be business as usual? Folmi Yohanna, 27, a Correspondent from Kano in Nigeria, writes that the UK could maintain the trade agreements equivalent to the deal. “Wow! So the Supreme Court will decide whether to reject or uphold …

“Post-Brexit UK – better trade for African countries?” Read More »

Triggering Brexit could mean triggering another headache for those looking for housing in the crowded London market. Mary Adeyi, 24, a Commonwealth Correspondent in London, UK, writes that a report from the mayor points to a construction industry that relies on European labour. London Mayor Sadiq Khan has warned that a “Hard Brexit” would “cripple” house …

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Some believe that the cause of economic contraction in an economy is negative economic shock such as war or drought, writes Samasi Anderson, 20, a Correspondent from Bayelsa State in Nigeria, who argues the cause can also be related to inadequate management of production and markets. Adequate management of an economy is conscientious of economic history …

“Production, the market and economics” Read More »

Classic patterns of economic development lead to impact beyond their a country’s own borders. Swapnil Mishra, 21, a Commonwealth Correspondent from India currently studying in the U.S., looks at how growth and change in one economy can influence neighbouring economies and labour markets. According to Walt Whitman Rostow, an American economist and political theorist who served …

“Classical theories of economic development” Read More »

The desire to give aid comes from good intentions, writes Swapnil Mishra, 21, a Commonwealth Correspondent from India currently studying in the U.S. At the same time, policies around international aid can lead to dependence, or undermine efforts to build a healthy local economy. A very popular documentary titled “Poverty, Inc.” explicitly puts forward the …

“The charitable-industrial complex” Read More »

India took a major step in tax reform with introduction of the long-planned GST. Shiboni D’Souza, 23, a Correspondent from Bangalore in India, writes that the reform was based on cooperation and predicts it will bring overall benefit. India implemented the Goods and Services Tax on July 1, seventeen years after the reform was first proposed. Historically, …

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Loans from international financial institutions can come at a heavy cost for developing countries, writes Swapnil Mishra, 21, a Commonwealth Correspondent from India currently studying in the U.S. He examines the impact of some of the conditions that can come with joining the world economy. To date, the International Monetary Fund and the World Bank have …

“International finance has flawed model” Read More »

Possible ways out of the economic crisis in Russia range from monetary policy to structural changes, writes Enitan Damilola Temidayo, 23, a Correspondent from Nigeria now studying in Moscow, as he looks at the short and long-term views. Talking about short-term solutions to economic crisis, economists always turn to monetary policy, fiscal policy and devaluation. Monetary …

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A boycott and diplomatic freeze is adding to complications in the Middle East, writes Swapnil Mishra, 21, a Commonwealth Correspondent from India, currently studying in the United States. He predicts the impact will be far-reaching. In June 2017, Bahrain, the United Arab Emirates, Saudi Arabia, and Egypt decided to cut diplomatic ties and shut their …

“Boycott of Qatar is hurting its enforcers” Read More »