Turkey’s economic crisis, ongoing since 2018, took a sharp and dark new turn in October 2020. The Turkish lira fell to a historic low as COVID-19 cases rose. These trends are hardly unique to Turkey, as many countries face tough choices to balance propping up their economies and limiting the spread of the virus. Middle-income countries like Turkey are especially vulnerable, given the dearth of international assistance for all but the most vulnerable nations.
Read MoreWhile Turkey has struggled economically over the past two years, its burgeoning tech space has been a rare bright spot. In developing and attracting investment to homegrown start-ups, Turkey’s demographic fundamentals play to its strengths. Moreover, greater attention from both Ankara and outside investors to the challenges facing tech in Turkey might expand the opportunities for growth and offer a template to resolve Turkey’s broader economic challenges.
Read MoreIce coverage in Arctic regions is decreasing, causing the size of the oceans expand, which gives way to potential new routes of travel. Within the Arctic, we have seen the Northern Sea Route (NSR) open, creating alternative lanes for global trade. Summer Journalism Fellow Joe Strong analyzes how countries with ports at the ends or along the NSR will be impacted. The ability to use the Arctic would shorten and reroute many of the most internationally favoured trade routes, which primarily travel through the Suez and Panama Canals.
Read MoreCOVID-19 has raised risks associated with travel, from prolonged exposure to other people to last-minute cancellations before getting on a flight. Typically, people buy travel insurance to mitigate risks when visiting places outside of their home country. However, the current state of traveler’s insurance may not be enough to cope with the aforementioned pandemic-induced risks. Summer Journalism Fellow Charlotte Ehlers proposes a plan where federal governments set up their own travel insurance plans and market them alongside preexisting COVID safety measures to restimulate the tourism industry.
Read MoreThe “Skirmish Era” of antagonistic policies and strained interactions between the U.S. and China seems to have extended to the third decade of the 21st century, and the rift between the two economic superpowers is leading the world to yet another cold war. Summer Journalism Fellow Peyush Karel looks at how the rest of the world responds when two nationalistic agendas collide.
Read MoreBeing considered an emergency remedy for the current economic crisis, quantitative easing can prove lethal in the long run for businesses and states when implemented permanently. Today, it might be one of the most popular policies to combat economic recession and spur growth. However, as Summer Journalism Fellow Anastasiia Tokar shows, it should be supported with direct business assistance and unemployment protection policies to survive its long-term consequences.
Read MoreCOVID-19 has given us enough on our plates. But what about people who don’t have enough food on theirs to face it? The risk of food insecurity is higher among low-income populations in communities known as food deserts. In addition to these socioeconomic factors, food apartheid causes significant public health problems. In this two part article series, Summer Journalism Fellow Charlotte Ehlers draws connections between food insecurity, its related underlying public health issues, and higher rates of COVID-19 in affected communities.
Read MoreIn this episode, Business Today shares advice from Beau Thomas, Managing Director at private equity firm Audax Group, on how to navigate the job market during a financial crisis. As someone who graduated in 2009 into a financial crisis himself, Beau describes what the job search looked like for an undergraduate junior or senior during his time. To provide hope for students in the present who are stressed out about losses in their internship or job opportunities, Beau explains that folks who are smart, hungry, and driven, whether they start out at their preferred job or not, will always find the pathway to be successful. He also shares with current undergraduates how to make the most out of the current pandemic.
Read MoreChina’s anti-desertification programs come with environmental—and economic—benefits.
Read MoreHowever, the economic benefits of Beatlemania are not only perceived by the four musicians, producers, and other copyright owners. Their hometown, the beautiful and always cloudy Liverpool, obtains a notable annual sum of income thanks to the quartet.
Read MoreIn Venezuela, for example, a nation with the highest inflation rate in the world and an ongoing economic crisis, the youth appeal to the erotic business to endure the crisis.
Read MoreI argue, therefore, that African economies can begin the process of deep integration if infrastructure networks are designed in such a way as to link production centers and distribution hubs across the continent. Indeed, this would emulate, under Africa’s own conditions, the networks of trade utilized by developed economies.
Read MoreChina’s economic strength has inspired Beijing’s totally new foreign policy, with the target of increasing its trade relationships on all continents.
Read MoreThe Chinese government over the past few years has been working towards strengthening its ties with Africa with an elaboration on it’s vision for development on the continent. In this pursuit, the aim of China is to access resources, foreign markets, and boost its own global influence.
Read MoreLast March the Icelandic company Wow Air cancelled its flights and announced the cessation of its operations. The breakdown means the loss of more than a thousand jobs, and, according to the country’s Central Bank, may greatly impact the nation’s economy.
Read MoreIf you love what you do and enjoy every single second of it, can it still be considered work?
Read MoreThese student loan asset-backed securities, otherwise known as SLABS, provide investors with cash flow when students make payments on the loan and interest. According to Forbes Magazine, the student loan debt currently figures at $1.52 trillion dollars, behind only mortgage debt.
Read MoreThe revolutionary nature of today’s communication technologies stems directly from their joint utility. Accumulating compatible technologies is invaluable.
Read More“Quick and easy delivery” is the tagline of the so called On-Demand economy. However, with the speed with which these start-ups deliver their service, failure might inevitably be the outcome.
Read MoreOn top of the resources and shipping routes that countries will undoubtedly be prone to claim, the Arctic Sea itself is an interesting new border for the nations in the Arctic Circle.
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