Aiming to alleviate global poverty, the World Bank has provided the financial backing for the construction and reconstruction of vital infrastructures, such as roads, dams and electrical grids, to war-torn and developing countries since 1944. In the fiscal year 2017, the World Bank granted $59 billion for projects in developing countries. There are currently over […]
Corruption often makes headlines when somebody writes about South Africa. Given the court case in progress against the country’s former leader, it’s not hard to see why. Added to past historical events, oftentimes the media misrepresents South Africa. But there is more to South Africa than meets the media’s eye. It is a place with much […]
Côte d’Ivoire, located in West Africa, is also known as the Ivory Coast. Agriculture dominates its economy, with oil and natural gases improving economic growth, too. Another aspect helping the economy is foreign aid, and the U.S. benefits from foreign aid to Côte d’Ivoire as well. A Strong Partnership The U.S. has been building diplomatic relations […]
The enduring issue of why some countries are rich while others remain poor has long been the subject of great interest among scholars. New research on the determinants of development, though, appears to better identify the driving force behind development by taking an incisive look at the three traditional economic explanations for these cross-country disparities […]
Bill Gates recently namedEnlightenment Now his “new favorite book of all time.” Written by Harvard cognitive scientist Steven Pinker, Enlightenment Now makes a persuasive case for the numerous ways in which the world is getting better, safer, healthier and more prosperous. Acutely aware of our negativity bias — the tendency to respond more strongly to […]
The rule of law in Saudi Arabia was developed and strengthened through a partnership between the American Bar Association (ABA) and the Prince Sultan University College of Law in Saudi Arabia. American Bar Association The ABA was formed more than 130 years ago at a time when lawyers generally worked with domestic matters and learned […]
Costa Rica sits just above Panama in Central America, and foreign aid has benefited the nation so well that could be considered the overall standard for the effectiveness of foreign aid. This claim comes with a disclaimer and compliment to Costa Rica: Costa Rica is unique in that the will and dedication of the people […]
Financial crises in developing nations have been an uncomfortably common occurrence. This presence has necessitated a guide for avoiding such debilitating economic events. Corruption and the impact of exchange rates are often the culprits of fiscal destabilization, and poor monetary choices, and often result in hyperinflation and tremendous harm. There are some practical antidotes, though, […]
Nelson Mandela once said, “sport has the power to change the world.” If that’s true, the four billion soccer fans around the globe today hold the greatest amount of power. Soccer enjoys a popularity level almost double that of the next most popular sport. Inherent in that popularity is a responsibility to give back, to […]
In February of 2018, the Trump administration released a budget proposal indicating deep 29 percent budget cuts to the state department and steady 13 percent increases to the defense department. These state department cuts materialize into $16.2 billion taken away from the previous $55.6 billion allocated in Fiscal Year (FY) 2018. The Trump Administration justifies […]
