Economy
Finance, capital, money, investment — and all those lives under the influence.
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Tourism, a critical segment of the global economy, accounts for 10 percent of economic activity worldwide, and provides 330 million jobs. That’s at least 15 percent of all the jobs in more than a quarter of the world’s nations. Now, with the world in the grips of the ever-expanding COVID-19 pandemic, tourist destinations have restricted […]
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Camping, biking and hiking are on the rise, as Americans head outdoors and hit the road in search of some semblance of a normal summer-vacation season during the COVID-19 pandemic. But surging infection rates and shifting, inconsistent government policies are putting a damper on ambitious plans to re-open tourist economies. Hawaii and Puerto Rico: Islands […]
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In the wake of COVID-19, the world economy is set to contract 3 percent in 2020, according to recent estimates from the International Monetary Fund. As devastating as this may be, the long-term economic prospects are even worse, as a research analysis by IMF economists found that five years after a pandemic, economic inequities will […]
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As of May 2020, the Baltic nation of Lithuania has 2.9 million citizens, less than 1,500 coronavirus cases, around 50 deaths — and an excess of style, culture and good eating. The country has distinguished itself by being able to combine the best practices of pandemic mitigation — social distancing, for example — with innovative […]
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The complex supply chains of our food system have been deeply impacted by the COVID-19 pandemic. Farmers and consumers alike have been caught off-guard by price collapses and shifting demand; by government food policies that are less than helpful; and by hunger and malnutrition already extant across the country. It all adds up to a […]
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The $700 billion global remittance economy is taking big hits from COVID-19, and the families and nations that depend on it are in trouble. Remittances are person-to-person fund transfers from immigrants who travel to wealthy nations for work, and then send the bulk of their earnings back to the millions of families they left behind […]
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