Drones: From Tools of War to Tools for Social Innovation

Drones: From Tools of War to Tools for Social Innovation

photo: Aris Messinis/Matternet The evolution of information and communications technologies late last century enabled the development of new military weapons guided by onboard computers, like the Tomahawk cruise missile, which were first used during the 1991 Gulf War. These missiles were the precursors to what would become the first unmanned aerial vehicles (UAVs), today known […]

Poverty, Inequality, and the GDP: The Economy of Good Jobs

Poverty, Inequality, and the GDP: The Economy of Good Jobs

photo: Anna Wolf Proposals to reduce poverty and inequality by such measures as raising the minimum wage, improving work conditions, assuring extra pay for overtime and raising taxes on the 1 percent of wealthiest Americans are useful actions, but they do not address a fundamental source of economic undoing for many Americans—the composition of America’s gross […]

A Trivially Overlooked Brexit Scenario and Its Potential Aftermath in Early 2016

A Trivially Overlooked Brexit Scenario and Its Potential Aftermath in Early 2016

Although in early 2016 very few economists and analysts would bet their farms on a likely Brexit scenario, its serious systemic consequences and insightful potential root causes were clearly detailed and explained in the following article which still remains highly relevant in the current global economic outlook. Figuring out these days (early March 2016) what […]

Five Lessons from the Expansion of the Panama Canal

Five Lessons from the Expansion of the Panama Canal

Many aspects of the Panama Canal expansion make it stand out. The 7-year project to add a third lane to accommodate giant ships with triple the cargo capacity is the largest infrastructure project in Latin America and the Caribbean, costing over $5 billion. It brings in 22 percent of Panama’s national gross domestic product, allowing […]

Brexit!

Brexit!

In 1932, British author Aldous Huxley published the novel ‘Brave New World’. On 23 June 2016, 51.9% (Figure 1) of the British people decided to write their own version of a ‘Brave New World’ with a vote to LEAVE the EU. For many people around the world, the result has come as a shock given […]

Shifting Toward the Knowledge Economy

Shifting Toward the Knowledge Economy

The tech world is abuzz with advances in the IoT (Internet of Things), AI (artificial intelligence), robotics, and 3D printing. These headline-grabbing innovations are just part of the greater digital revolution that has been sweeping across the globe in the last decade. Innovative technologies, abundant information, and vast quantities of data are now more accessible […]

Suriname: Facing the Storm with a Correction of Course

Suriname: Facing the Storm with a Correction of Course

photo: Nicolas Raymond Suriname is facing twin – external and fiscal – deficits that originated in the commodity price slump of recent years. In response, the Surinamese government started a four-pronged adjustment program in August 2015 to adapt to new circumstances. Falling commodity prices led to multiple shocks on the Surinamese economy… On the back of […]

How the Brexit Referendum Will Foster Uncertainty, Volatility and Risk

How the Brexit Referendum Will Foster Uncertainty, Volatility and Risk

photo: Rareclass The UK’s EU referendum is too tight to call, which will virtually ensure protracted economic uncertainty, market volatility and political risk. The worst has already happened. On June 23, the UK will have its referendum on the European Union (EU) and the Brits will decide whether they should remain in or leave the EU. […]

Portugal’s Post-Crisis Challenge

Portugal’s Post-Crisis Challenge

photo: GlynLowe Portugal is in its 4th year of recovery, following a sudden stop in capital inflows at the beginning of the decade and the severe recession that followed. While the external flow imbalance has been corrected and the sovereign’s full access to financing restored, the stock of public and private debt remains high, labor slack […]