To non-economists, the World Bank ranking Nigeria fifth on the list of its top ten debtor countries is alarming. A deeper analysis shows there is no cause for concern.
Charles Schwab mistakenly transferred over $1.2 million to the account of a woman who then kept the money. Did she have a moral obligation to return it? An expert says the answer is not that simple.
Sam Jones, United Nations University and Finn Tarp, University of Copenhagen
The development strategy based on foreign investment in natural resources projects has not delivered economic growth or security. What’s needed is an inclusive vision based on local realities.
Teaching financial literacy requires more than adding financial literacy to kids’ school curriculum. It also means offering teachers professional development to ensure they’re equipped.
As Canada emerges from the pandemic, creating jobs and achieving full employment are top priorities. Relegated to the back burner are balanced budgets and reducing debt.
Few middle-class Americans undergoing Chapter 13 bankruptcy blame the government. They portray themselves as hardworking victims and resent others for taking more than their fair share.
Developing countries face greater risks raising money to deal with the pandemic. Zambia is now on the verge of being the first ‘COVID default’ and other developing countries could follow suit.
Many Americans have been unable to pay their electric bills during the COVID-19 pandemic, racking up billions of dollars in delinquent bills. Where will the money come from?
Canadian governments are failing to treat future citizens fairly by saddling them with huge debt. What policies should Canadian governments enact that offer greater fairness to future generations?
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
The speech from the throne is just around the corner. Will the Liberal government make broad and much-needed economic and social change amid the pandemic, or will it give in to the wealthy again?
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
After enduring decades of exploitation at the hands of the French, Haiti somehow ended up paying reparations – to the tune of nearly $30 billion in today’s money.
Pressure is growing to include struggling Pacific nations in an Australia-New Zealand travel bubble, but economic diversity is what the region really needs.
For economically strapped Americans, the financial fallout from the epidemic may be permanently embedded in their digital profiles, making it harder for them to regain their economic footing.