Multinational corporations are increasingly playing a larger role in our economy, and their impact is being felt more and more by everyday Americans. Unfortunately, this trend is contributing to the growing divide between the rich and the poor. As Robert Reich explains in his book Why the Rich Are Getting Richer and the Poor Poorer, … Read more
Australia is a country with a strong economy. Its Gross Domestic Product (GDP) was estimated at $1.3 trillion in 2016, according to the World Bank. This made Australia the 12th largest economy in the world. Australia’s GDP per capita was also high, at $52,962 in 2016. The Australian economy is dominated by the service sector, … Read more
The World Trade Organization (WTO) is an international organization that promotes free and fair trade. The WTO was established in 1995, and has since helped to create a more stable and open global trading system. The WTO has a number of benefits for the global economy. Firstly, it helps to ensure that trading rules are … Read more
Malaysia is a country located in Southeast Asia. The country has a population of over 31 million people, and the economy is based largely on services and manufacturing. Malaysia’s currency is the ringgit, and the country’s major exports include electronics, palm oil, and rubber. Malaysia is considered a middle-income economy, and has been experiencing steady … Read more