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Articles sur Debt

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Visitors take photos near a model of the doll Younghee featured in ‘Squid Game,’ displayed at the Olympic park in Seoul, South Korea, on Oct. 26, 2021. (AP Photo/Lee Jin-man)

‘Squid Game’ highlights plight of South Korean workers sacrificed for nation’s economic gain

Squid Game alludes to anti-worker violence that has permeated South Korean labour history, and reminds viewers of the need to overcome real inequalities.
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‘Similar to ordering a pizza’: how buy now, pay later apps influence young people’s spending

Instead of blaming young people for eating too many avocado toast breakfasts, we need a better understanding of the economy and society they are growing up in.
Nigeria’s economy is struggling to recover from fluctuating oil price, inflation and impact of COVID-19 pandemic. Photo by Pius Utomi Ekpei/AFP via Getty Images

Nigeria’s debt is sustainable, but dangers loom on the horizon

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.
Keeping what is not rightfully one’s own reveals a lack of integrity and kindness. Mohammed Asad/Anadolu Agency/Getty Images

What are the ethics of giving back money that doesn’t belong to you?

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.
A child plays in a street in the port village of Paquitequete near Pemba, northern Mozambique. The region suffered decades of neglect, and major gas projects have failed to deliver local benefits. Photo by Alfredo Zuniga/AFP via Getty Images

Mozambique’s difficult decade: three lessons to inform next steps

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.
How quickly people recover financially from the COVID-19 crisis,or lose the gains they made, may depend on their level of financial literacy. (Shutterstock)

Especially after COVID-19, Canadians need better financial literacy and teachers can help

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.
A person sits on a tripod platform high above the street as protesters occupy an intersection during a demonstration to call for government action to on climate change in Vancouver in February 2021. THE CANADIAN PRESS/Darryl Dyck

Climate action, job creation are top post-pandemic priorities for Canadians

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.
PM Boris Johnson (left) and Chancellor Rishi Sunak have come up with money to underwrite wages, rescue packages and meal vouchers during the pandemic. Jonathan Brady/PA Wire/PA Images

How countries are raising debt to fight COVID and why developing nations face tougher choices

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.
Far from saving for a rainy day, governments are seriously indebting our children and future generations due to profligate overspending. Ben Wicks/Unsplash

Huge government debts mean Canada is robbing its kids

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?

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