Introduction The collapse of the Soviet Union in 1991, had numerous implications for the former socialist countries and subsequently their trading partners(Cuba was conducting around 80% of its trade with countries under the Council of Mutual Economic Assistance, CMEA, which broke up with the retreat of the S.U). Cuba being depended on trade with CMEA … Continue reading Amartya Sen’s Capabilities Approach, the Cuban rationing system and the Developing World: Rethinking policy, changing behaviours.
The fight against malaria is a grave one. It is known as a disease attributable to people who live in poverty. Poor people do not have enough money in order to get vaccinated. That’s why pharmaceutical companies do not focus on the fight against malaria and focus even more on less severe diseases where … Continue reading The Price is Wrong
Micro Insurance protects poor people by providing low-cost insurance to mitigate their risk, it is defined by the International Association of Insurance Supervisors (IAIS) as protection of low-income people against specific perils in exchange for regular premium payments proportionate to the likelihood and cost of the risk involved, it provides low premium and often … Continue reading Micro-Insurance: A way out of poverty trap and a Risk Mitigation Mechanism? By Uchegbulam Ezechimere Obinna
Income tax remains one of the major sources of Government revenue in nations across the world. This type of tax is specifically levied on income and not on transactions within the economy. Currently in several developed countries such as the USA, UK, Ireland and Canada, the taxation of income streamed from illegal activities is a … Continue reading Taxing Illegal Activity in Low Income Economies
It is not surprising if you are not allowed to buy more than 3 cans of infant formula milk powder in Rossman or DM recently no matter what the brand is. And maybe you already know this restriction is mostly due to the binge-buying of milk powder of Chinese People. Why are Chinese so fanatical … Continue reading Analysis of Chinese overseas infant milk powder purchasing
Migration is a decision that impacts the welfare of the household, the home community, and in the end the whole economy in various ways (Azam and Gubert, 2006). For the sake of clarity, understanding the meaning of emigration, migration and immigration is of great importance. According to the oxford dictionary, emigration is the act of … Continue reading Migration in Libya: the transit country to Europe
Post-Autistic Economics (PAE) is an emerging economics movement which started in France among a group of economics students’ declaration. Basically, this movement criticizes that current economics education is only supported by Neoclassical and Neoliberal doctrines; mathematics became an aim instead of being a tool for this science. Moreover, they also criticize that the results and … Continue reading POST-AUTISTIC ECONOMICS MOVEMENT