Category: economics

The Spider’s Web- a documentary

“The Spider’s Web: Britain’s Second Empire” is a documentary produced for 4,000 pounds, which traces how the City of London manages tens of trillions of dollars. The City of London itself is a bizarre structure, separate from the London with which we are all familiar. This strange subset of the city has its own governmental …

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Permanent link to this article: https://www.introtoglobalstudies.com/2018/12/the-spiders-web/

The Great Recession

New York Magazine has an outstanding article, “Ten Years after the Crash, we are still reliving in the world it brutally remade.” The article consists of a series of brief statements by economists, activists and academics, which underlines the centrality of this event to our modern social, political and economic systems. If you want to …

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Permanent link to this article: https://www.introtoglobalstudies.com/2018/08/the-great-recession/

Global Debt

The website Visual Capitalist has a chart that shows how much of the world’s debt is owned by individual countries. The image is a giant circle. What immediately strikes one when looking at it is that half of the worlds debt is held by only two nations, the United States (31.8%) and Japan (18.8%). Some nations …

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Permanent link to this article: https://www.introtoglobalstudies.com/2017/11/global-debt/

Innovation and hope in Europe

Europe is currently facing myriad challenges, including a wave of migration from the Middle East and Europe, bank debt in Italy, the enduring financial problems of Greece, as well as Brexit. Still, at the heart of many of these challenges has been the deep economic inequalities between Europe’s north and south. A better understanding of …

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Permanent link to this article: https://www.introtoglobalstudies.com/2017/01/map-of-innovation-in-europe-draft/

Maps of U.S. Trade

I recently came across this great blog post by Yuka Kato, which has beautiful maps illustrating U.S. trade with different regions of the world. This would be a great tool in classes that address international political economy, including an Introduction to International and Global Studies class. You can also find other great maps for an introductory …

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Permanent link to this article: https://www.introtoglobalstudies.com/2016/03/maps-of-u-s-trade/

The Lights in the Tunnel

Ford’s book, The Lights in the Tunnel, is a bleak look at the future of global economies given an accelerating pace of automation. The book’s key idea is both clear and frightening: “The central thesis of this book is that, as technology accelerates, machine automation may ultimately penetrate the economy to the extent that wages no …

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Permanent link to this article: https://www.introtoglobalstudies.com/2016/02/martin-ford-the-lights-in-the-tunnel/

Humans need not apply: the Robot revolution

This quarter I am teaching an online class on Digital Globalization, and this week we are talking about the economy: Uber, AirBnB, 3-D printers, etc. The discussion has focused a great deal on how the sharing economy has impacted students’ communities, particularly AirBnB’s impact on housing. In general, most students are optimistic about the future …

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Permanent link to this article: https://www.introtoglobalstudies.com/2016/01/humans-need-not-apply-the-robot-revolution/

The Greatest Fraud Ever? Artur Virgilio Alves dos Reis and the Portuguese Bank Note Affair

In the aftermath of scandals involving Enron, Bernie Madoff and Countrywide Financial, the current period might seem to be uniquely plagued by financial wrong doing. But in sheer scale, it would be difficult to exceed the audacity of Artur Virgilio Alves dos Reis (1898-1955). After dropping out of an engineering program, he traveled to Angola, …

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Permanent link to this article: https://www.introtoglobalstudies.com/2013/09/the-greatest-fraud-ever-artur-virgilio-alves-dos-reis-and-the-portuguese-bank-note-affair/

Nicaragua Dreams of a New Canal

In an earlier post, I talked about the United States’ declining influence in the Americas. I think that nothing may symbolize this as much as Nicaragua’s vote this week to grant a Chinese company a 50 year concession to build a canal across this country. The idea of a canal across Nicaragua dates back at …

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Permanent link to this article: https://www.introtoglobalstudies.com/2013/06/nicaraguas-new-canal/

European Migration to Africa

It’s been hard to watch the financial crisis unfold in Europe, and to hear about how unemployment is affecting younger people though-out the continent. One of the powerful trends that has emerged from the crisis has been an unexpected form of migration, in which Europeans are traveling to developing countries for employment. One of the …

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Permanent link to this article: https://www.introtoglobalstudies.com/2013/04/european-migration-to-africa/