November 5, 2019Uganda
Uganda is heading toward a debt crisis. According to a senior official at the Bank of Uganda, unless the country is able to sustain a growth rate of at least 7 percent—which economic projections show Uganda will not do—the country will default on its payments. As is the case for many African countries, China is Uganda’s largest creditor, making up 39 percent of total debt this past fiscal year. If Uganda defaults, it is unclear how China will react.
August 6, 2019United States
The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it actually hold internationally? The Economist magazine’s Big Mac Index us…
April 25, 2019Sri Lanka
Sri Lankans mourn after the Easter Sunday attacks, Spain holds a snap election, and Japanese Crown Prince Naruhito ascends the throne.
May 29, 2019Nigeria
Nigeria, the “Giant of Africa,” has a long history of diplomatic leadership. It was one of the founders of the African Union and of the Economic Community of West African States. It regularly occupie…