Arab World: Identity Crisis | Export of Democracy | Western Intervention Arab Nations in the early 60’s and in 70’s were enjoying some of the fastest growing economies in the world. They were able to adapt and were committed to following western model of trade and policies, but the rapidly growing population, unemployment, slow human resource development and declining wages made them move away from the track. The situation got worse during the 1990’s and 2000’s, when the globalization and export of democracy came into the picture, the…
Refugee Crisis in Europe: Threat to the EU unity and integrity. The refugee crisis is an imminent threat to Europe, and the major reasons behind this are the political and economic instability in Africa, the Middle East and in some countries of South Asia. Ongoing political reform and western military intervention have created social unrest. Terrorism has engulfed the region. Unemployment is increasing aggressively at an unprecedented rate. Economic infrastructure has been destroyed. People in the search of better livelihood cross the …
China is expanding its influence beyond its border in Asia, Africa and South America using its cash, debt, military, bad trade deal, and OBOR, the establishment is expansionist, undemocratic, and have no respect for international laws. they hugely aspire to global dominance. Using OBOR Chinese will get access of Europe, central Asia, Africa, South Asia, East Asia and Moscow, they claim the initiative would connect major cities with Silk Road and sea route, but most of the sea routes already exist and are open for trade from decades, wh…
Africa: The Continent Facing Political And Economic Uncertainty. African economy is now getting elevated, and some of the nations are the fastest growing economy in the world. According to World Bank figure 2016, 9 out of the 20 fastest growing economy on the globe was from Africa. Human Development Index has improved, and it’s getting better each day. They are now rising and can become the next powerhouse for the global economy. A stable Africa is good for global economy, the favorable demographic change, booming commodity prices, growi…
Venezuela: unwise economic policy led to the political crisis. The economic crisis in Venezuela has led to the continued deterioration of the political system. It is an oil economy and was one of the largest exporters of petroleum in the past. Venezuela is the sixth largest oil exporter and the member of OPEC by oil production, but it has evolved itself in the heavy industry product manufacturing over the time. 50 percent of its GDP is still accounted from petroleum exports, so the irregularities and collapses in the oil price profoundly…