The world’s population is fast approaching 7.5 billion and many people are still suffering from hunger and a lack of basic needs such as clothing, sanitation and housing. I always reject the idea that the world’s resources are not enough to feed that many people. We are currently suffering purely from a misallocation of resources,…
In my third year in university in 2004, I followed the Economic Development course delivered by a very good professor, Elif Çepni, in Istanbul. I remember her telling us about the convergence in economies over time. The concept is pretty simple and logical. It is the hypothesis that the emerging market economies and developed market…
Chinese President, Mr. Xi Jinping, made a four day official visit to the UK last week. This was the first visit since 2005 and the UK was definitely well prepared to ensure that the Chinese President left the UK with a good impression and, more importantly, that he left with many infrastructure and trade projects signed. As we all well…
There is a FOMC meeting scheduled for next week and September, 17th is the date when Janet Yellen will hold a press conference. Everybody is waiting for that date in the financial sector as Janet Yellen will convey the decision on whether they will hike the interest rate or not. For those of you without a finance…
We absolutely need more women in the labour participation… It is not only because of diversity benefits but also for economical growth of the nation and raising well-rounded children. Diversity benefits of increasing women in the labour participation is well known and well discussed. I would like to focus more on the economical benefits and its positive effects on the…
It is all started when China had released its exports numbers on August, 7th. Chinese exports were tumbled by 8.3% in July and China was registering its worst export decline in the last four months. Most importantly, the market was not expecting these figures to be that bad! Along with the release of the figures, Chinese central…
Singapore became independent on 9 August 1965 and this year marks its 50th birthday. There are many events happening all along this tiny cute island to celebrate its well deserved 50th birthday this week. I have been living in Singapore slightly over 2 years now and I should say that I feel really privileged to live…