Geared towards what seems to be an uncertain landscape for the country, Colombia continues to prove to be a fragile economy, with serious structural complications in its core and what some may classify as an irresponsible fiscal policy.
All of us would like better data -- better financial flows data, better financial stock data, better health data. But, a lack of perfection in the data that we have cannot become an excuse for failing to accept the linkage between resources and survival.
Creating jobs is one of the greatest global challenges facing the world today. While job creation is a top priority for policy makers here in the United States, worldwide poverty reduction is essential for our economic future as well.
The median household income in 2013 was only slightly above that reported for 1995 (after adjusting for inflation), while costs for necessities like housing (rent), health care, and education are making it much more difficult for middle-class folks to get by.
Climate change is a deeply important issue to all of our lives and we need to start recognizing that. We must talk about climate change in an everyday context and learn how it will affect us as individuals.
Greater goods therefore sometimes trump property rights. Everyone knows this. Nobody really believes in free markets. Why, then, can be wrong with regulating the means that may be used to maximize profit?
The assumption that all North Korean citizens are inseparable from their government is understandable considering everything we hear about the country in Western media. But North Koreans are human, just like us, and possess a powerful curiosity.
While social problems continue to exist, there is a new storyline emerging from Africa. One that is full of promise and hope. It's about young people eager to learn, who embrace technology, want to start businesses, and take part in international trade.
Compensation continues to rise. Employees in the computer and video game industry earned an average of 94,747 in 2012, up from90,000 in 2010. In comparison, the average U.S. household income in 2012 was51,759.
Republicans in Congress just won a smashing electoral success by essentially doing nothing but mercilessly block Obama's agenda. That, to put it another way, is a winning formula for them with their base voters.
I've argued for some time that the process of deleveraging has yet to run its course. The aggregate level of debt in our economy currently stands at a record high, even though many pundits continue to say that debt levels are much more manageable now as compared to the pre-crisis days.
Dr. Becker won almost every award there was to win in his profession -- including a Nobel Prize in economics and the Presidential Medal of Freedom from President George W. Bush. Becker's book Human Capital (1964) is already as iconic as Adam Smith's writings on laissez faire.
It has been six months since my last visit to China. This time around, the fragile architecture of Dali Dong village was wrapped in supporting beams and scaffolding as part of the efforts in progress to restore its heart and soul.
Does it matter that the wealthy turnout to vote at a rate of almost 99% while those making below $10,000 vote at a rate of 49%? It sure seems like it would, but for a long time many political scientists and journalists believed it didn't.