China’s economic growth has garnered international attention and debate. Latoyaa Roberts-Thomas, 29, a Commonwealth Correspondent from Trinidad and Tobago, had a chance to examine the issue from China’s perspective. I was privileged to visit China recently for a trade and investment seminar through the Ministry of Commerce, People’s Republic of China. Initially, I wondered how beneficial …
An economic system that allows individuals or groups to make economic decisions for a country serves the individual rather than the common interest, writes Samasi Anderson, 20, a Correspondent from Bayelsa State in Nigeria, while a free market economic serves the interest of capitalists. Having the interest of all in a political region economically, basic …
Aid to developing countries may have originated as supportive gesture, but Swapnil Mishra, 21, a Correspondent from India, currently studying in the U.S., argues that cash donations led to structural weaknesses that eventually put those nations at a disadvantage. In the postwar world, the funds from First World nations lowered the needs of leaders in …
Does Brexit mean the UK will offer better trade agreements for African Commonwealth Countries, or will it be business as usual? Folmi Yohanna, 27, a Correspondent from Kano in Nigeria, writes that the UK could maintain the trade agreements equivalent to the deal. “Wow! So the Supreme Court will decide whether to reject or uphold …
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Nigeria’s recession is causing hardship. Oluwasegun Olakoyenikan, 22, a Correspondent from Benin City, Nigeria, explains how a drop in oil prices hurts national revenue and leaves public servants without pay. “Four days ago, it clocked six months since I received my last pay from the government of this state. Nevertheless, I will still have to resume …
An invasion threatens food crops and the agricultural economy of Zambia and Zimbabwe, writes McPherlain Chungu, 21, a Correspondent from Zambia now studying in India, who says that food security could be at stake. “Uno mwaka tulefwa kunsala!”(This year we will die of hunger) laments Mrs. Chilekwa as she glances at her struggling maize crop, …
One reason for economic slow down is the decline of money in the hands of consumers, writes Samasi Anderson, 20, a Correspondent from Bayelsa State in Nigeria, while at the same time money is concentrated in other hands. Money at the disposal of an investor is mobile in the global economy, he writes. When the income of …
Nigeria has been experiencing its first recession in 20 years. Jonathan Ugiagbe, a Commonwealth Correspondent alumni from Benin in Nigeria, examines the prospects for a recovery and some of the ways to achieve the turn around. An improved economy would be driven by policies aimed at boosting produçtivity, improved budgetary allocation to capital expenditure, and …
Triggering Brexit could mean triggering another headache for those looking for housing in the crowded London market. Mary Adeyi, 24, a Commonwealth Correspondent in London, UK, writes that a report from the mayor points to a construction industry that relies on European labour. London Mayor Sadiq Khan has warned that a “Hard Brexit” would “cripple” house …
Some believe that the cause of economic contraction in an economy is negative economic shock such as war or drought, writes Samasi Anderson, 20, a Correspondent from Bayelsa State in Nigeria, who argues the cause can also be related to inadequate management of production and markets. Adequate management of an economy is conscientious of economic history …