Tag Archives: socioeconomics

China Is Canceling the Debt of the World’s Most Impoverished Nations

xi debt forgiveness

Since the 1990s, a major part of Chinese foreign policy has been to invest in developing countries around the world. This includes private investments, like the billion-dollar solar project being spearheaded by a Chinese energy company in Ghana or the multibillion-dollar canal being built by a Chinese infrastructure firm in Nicaragua. It also includes public investment projects like the Asian Infrastructure Investment Bank, which was launched earlier this year to help fund infrastructure projects in impoverished Asian countries (and to reduce the amount of influence wielded by

Study: Kids from Poor Families Have Smaller Brains Than Kids from Rich Families

brain size and wealth

It’s no secret that there is often a connection between wealth and intellectual ability. There are many reasons for this: poorer families have less money to invest in their children’s education, poor parents are often less educated than their wealthy counterparts, children living in poor households often have to deal with much more stress and trauma than well-off children…the list could go on. But while we’ve been aware of this connection for generations, we never knew exactly how these differences in wealth

This 16-Year-Old Girl Has Developed A $5 HIV Test for Low-Income Communities

nicole ticea

At the age of 16, most teenagers are focused on getting their driver’s licenses and surviving the social jungle that we commonly refer to as high school. But Nicole Ticea is not most teenagers. At the age of 15, Ticea was spending long hours in a university lab developing an innovative early detection HIV test. According to The Huffington Post, the test can, “…detect the virus in babies under 18 months old, as well as adults who’ve been infected for only three

Iran Is Recruiting Jobless Young Afghan Men to Go Fight for Assad In Syria

afghans in syria

The country of Afghanistan has been engulfed in violence since the Taliban rose to power in 1996. The turmoil has done significant damage to the country’s economy, leaving many young Afghan men with no prospects for employment in their home country. This lack of jobs is forcing some young Afghans to resort to desperate measures. Recent videos released by anti-government rebels in Syria appear to show a number of young Afghan men among a group of fighters recently captured by the rebels. In the videos, the bruised and bloodied

You Have to Trade In 35 Quadrillion Zimbabwean Dollars to Get $1 U.S. Dollar

zimbabwe hyperinflation

Starting in the late 1990s, a combination of political and economic instability in Zimbabwe led to a period of hyperinflation that destroyed the value of the country’s currency. Hyperinflation occurs when a government prints way too much money way too fast — this flood of new cash drives down the value of the money that is already in circulation. At its peak in mid-November of 2008, the monthly inflation rate in Zimbabwe reached a mind-blowing 79.6 billion percent. In other words, something that

Good News: 200 Million Less People Are Living With Hunger Today Than in 1990

global hunger

Amidst the gloom and doom of the daily news cycle comes a decisively positive headline: the number of hungry people worldwide has declined from roughly one billion in 1990 to around 795 million today, according to a U.N. report released on Wednesday. This achievement is even more impressive when you consider the fact that Earth’s population has increased by roughly two billion people in the past 25 years, from 5.3 billion in 1990 to 7.3 billion in 2015. According to the United

This Major Greek Bank Is Writing Off Debts Up To $21,600 For Its Poorest Clients

greece debt forgiveness

Since the beginning of the debt crisis in 2009, both the country and the people of Greece have struggled under the weight of large sums of debt. Now, one of the country’s biggest banks has announced plans to forgive or restructure the debts of its poorest clients to help ease some of the financial burden on them. In a statement, the Bank of Piraeus called the economic situation in Greece a “humanitarian crisis”, and announced that it would be writing off the debts of

U.S. Factory Workers Make 76 Times More Per Hour Than Workers In Indonesia

indonesia factory

Indonesia has enjoyed an extended period of economic growth for the past decade and a half, with GDP rising more than 800% between 1998 and 2013. The country’s industrial sector has been the main driver behind this growth. Despite being hit hard by the Asian Financial Crisis in 1998, manufacturing still brings in more foreign direct investment than any other sub-sector of the Indonesian economy. When you examine the extraordinarily low wages of Indonesian factory workers, you begin to understand why. Currently, the

Google Maps Is Now Giving You Access To Some Of Mount Everest (Video)

google everest

On Thursday (3/12), Google Maps announced that users will now be able to take self-guided tours through the Everest region. Although the Khumbu region in Nepal is mainly famous for Mt. Everest, the community that surrounds the mountain is rich in culture. According to Business Insider… “Google has teamed up with Ava Sherpa, a Nepalese mountaineer who has reached the summit of the world’s most famous mountain a record 21 times as well as nonprofit Story Cycle to bring the rest of the world

Malawi, A Country Where Half of All Girls End Up As Child Brides, Bans Child Marriage

malawi child marriage

Every day, in countries around the world, roughly 39,000 girls under the age of 18 are forced into child marriages. The problem is especially pronounced in the African nation of Malawi, where 50% of girls are forced to marry before their 18th birthday and 1 in 8 are forced to marry before age 15. But all that may be starting to change. Earlier this week, the government of Malawi announced a ban on child marriage, raising the minimum age for marriage to 18 years. “This

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