Economy

Russia's invasion of Ukraine is an effort by a relatively small country trying to use military action and threats, backed up by a nuclear arsenal, that can in no way compare in terms of resources to those it is threatening and, as such, the combined impacts of the imposed sanctions on its small economy will likely be significant and widely felt.

In the latest annual edition of the Global Risks Report by the World Economic Forum (WEF), it was found that a majority of global leaders feel worried or concerned about the outlook of the world, and only 3.7% feel optimistic. What global risks are leaders and experts most concerned about, and which ones are posing imminent threats? Let’s dive into the key findings from the report.

Transparency International released its annual Corruption Perceptions Index for 2021 and it revealed that Canada now ranks #13 out of 180 countries, falling two places from last year, and the USA ranks even lower at #27. Which countries are perceived to be the least corrupt? Read on!

The U.S. dollar has been the world’s dominant currency since the end of World War II with roughly half of international trade, international loans, and global debt securities being denominated in USD as illustrated in the graphic below.

The Gallup Poll asks Americans about their attitudes toward capitalism and socialism on a semi-regular basis and below are the results from a poll carried out in October 2021

Most of what passes for explanations of inflation and its causes are convoluted and confusing. It is like looking into a pond of muddy water and trying to ascertain what lurks blow the surface. Below are some facts about inflation that should help clarify things:

Kondratiev concluded that each long wave was driven by technological advances. He identified four distinct phases.

There is a way to protect yourself against inflation and save your hard-earned money. Here are the most important things you should know about protection against inflation.

There are many different types of economies - communism, socialism, capitalism and democratic socialism. We tend to use the terms concretely, which necessarily introduces inaccuracies and, as such, they serve as excuses not to think and to hold economic beliefs that discourage explorations of the mismatch between theory and practice. Do you know exactly how they differ? Read on.

China has taken an unprecedented step towards cryptocurrencies and blockchain technology and launched the world’s first government-backed cryptocurrency on November 2nd, 2021, and, if the digital yuan succeeds, and weakens the USD too much, the dollar’s status as global reserve currency could also be at stake.