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The Commodity Price Shock in Venezuela
Read more: The Commodity Price Shock in VenezuelaThe state of Venezuela currently finds itself in a beleaguered state. The downturn in global commodity prices, particularly oil (Venezuela’s chief export), has hit the Venezuelan economy hard. In this article, Achyut Mishra attempts to analyse the relationship between a Commodity Price Shock (henceforth CPS) and various macroeconomic indicators of Venezuelan economy.
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Aid as the Catalyst for Reduced Trust in Governmental Institutions
Read more: Aid as the Catalyst for Reduced Trust in Governmental InstitutionsA recent article on the Economist magazine makes a very direct (if rather obvious, on the second thought) argument that diagnoses why underdeveloped states do not attract resources for development. Specifically, in underdeveloped states, there is complete lack of popular confidence on proper functioning of bureaucracies, enforcement of laws, and legal acknowledgement of written agreements as stipulated in their…
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Asia’s Cauldron – The South China Sea and the End of Stable Pacific by Robert D. Kaplan
Read more: Asia’s Cauldron – The South China Sea and the End of Stable Pacific by Robert D. KaplanRobert D. Kaplan is an American journalist whose articles about U.S. and Chinese power have spurred debates in the media, academia and high levels of governments. Most of his works talk about the re-emergence of tensions, maybe they be historic or cultural, that were suspended temporarily during the Cold War. In his book, “Asia’s Cauldron”,…
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