The “rise of China” on the international stage is virtually an undisputed fact. Some even speak of China ‘eclipsing’ the United States as the preeminent world power. One element of this would likely involve the replacement of the U.S. dollar by the Renminbi as the international currency. But how likely is this scenario to play out? Lily Jia subjects this hypothesis to analytical rigour.
The United Kingdom has 2 years to secure trade deals outside the EU in light of Brexit. British Prime Minister Theresa May is looking to a defense agreement with Turkey as a first step.
In 2016, Nigeria experienced its first economic downturn in the last 20 years. Problems with oil production and bad loans in Nigerian banks may be leading to a currency crisis.
On Tuesday November 8, Narendra Modi, the Prime Minister of India announced that the Indian government will be discontinuing the largest denomination bills in circulation, the ₹500 and ₹1000 rupee notes. These notes represent approximately 86% of the money supply in circulation. This surprise motion caused millions of people to flock to their nearest banks Read More…
Andi Asimetaj examines Venezuela’s turmoil that has caused social, political, and economical unrest.
Elliot Cho illustrates the story of heroes featured in the timeless Chinese classic Records of Grand Historian and points its similarities to modern China.