Read all posts for ‘gdp’

Studying true social well-being: The factors countries use to measure progress – and why public debate on the topic is enough to spark change. Increasing gross domestic product alone is not an adequate measure of social progress, something that many people around the globe have come to recognize. In various […]

When the financial crisis hit the Western world, a saying spread throughout Macedonia: ‘We can’t be hit by the crisis, we’re always in crisis’ This was very true at the time. The financial crisis of 2007-2008 brought the collapse of powerful financial institutions and caused a downward spiral in the […]

Since the very first moment I opened my eyes in this world, I remember financial crisis existing in my common surroundings. Crisis in my home country of Mexico, crisis in my hometown, and crisis in my family. Sadly, this tiny word that causes a lot of hassle exists in almost […]

The migration of skilled professionals, or the brain drain as it is popularly known, is believed to impact negatively on the migrant’s home country. It usually involves the transfer of human capital important for economic growth from countries suffering from scarcity of resources or poor working conditions to countries enjoying […]

The notion of the resource curse suggests that countries with large caches of natural resources often perform worse in terms of economic growth, social development, and good governance than other countries with fewer resources. The theory posits that countries depending on oil or other extractive industries for their livelihood are […]