Business and Economics
How Is the World Bank Structured?
The World Bank provides assistance to developing countries worldwide. This assistance can come in the form of technical or financial aid. What is its organizational structure like? […]
Economics
Business and Economics
Why Is the Economy Growing?
America’s gross domestic product (GDP) is continuing on a steady rate of growth. Adjusted for inflation, the GDP increased by 2.9% at the end of 2022. How does human behavior affect economic growth? […]
Business and Economics
How Do Exchange Rates Affect International Trade?
Why do exchange rates matter? Any time one country’s exchange rate increases, the prices of its goods and services go up in other countries. Varying rates affect import and export prices around the world. […]
Business and Economics
The Great Depression—A Catastrophe Felt Around the World
The Great Depression was an event that devastated not just American families and business, but also the lives of people and nations around the world. How did this chapter of history ultimately shape the face of the modern world? […]
Business and Economics
What Caused the Great Depression? Exploring the Smoot-Hawley Tariff
To see how economic mistakes can repeat time and again, you need look no further than recent history. The Great Depression was the result of a combination of protectionism, populism, and nationalism that combined with bad government policy to make a toxic brew that mired the U.S. and much of the world in an economic downturn for nearly a decade. These collapses demonstrate how easy it is to assume large-scale economic failures are isolated when in fact they are immersed in long-standing philosophies and can have immense global ramifications. […]
Business and Economics
The Great Recession: Mismanaging Risk
To see how economic mistakes can repeat time and again, you need look no further than recent history. […]
Business and Economics
How Banks Endanger The Financial System
After the global financial crisis of 2008, regulators in a number of countries proposed rules to insulate traditional banking (taking deposits and making loans) from the risks associated with other financial services. […]
Cooking
How The History of Coffee Shaped The Global Economy
It’s amazing how just a few items—coffee, tea, sugar, tobacco, and spices—completely changed the focus of the global economy, especially as they’re all entirely superfluous. […]
Business and Economics
Behavioral Economics: How “Triggers” Affect Your Decisions
A trigger is any stimulus in the environment that makes us think about a related concept or idea. How do businesses and marketing professionals use this psychological phenomena to their advantage? Welcome to the world of behavioral economics. […]
Business and Economics
The Rule of 100: What Makes Something Seem Like A Good Deal?
What makes something seem like a good deal? Subtle ways of framing the same information can make consumers more compelled to purchase. For example, let’s look at “The Rule of 100”. […]