Category Archives: Original Articles

Mechanisms of the Digital Transformation; A Cause for Policy Reform

Written by: Mitchell Lowery

In all my experience working in the field of economics (admittedly not within the same context as this article), there have been two things that have fascinated me the most. The first – which I will not discuss any further – is trade, and the second is a phenomenon known as the digital transformation. It was only once realizing the magnitude of its transformative effects on the global economy that I began to take an interest. Its ramifications are ubiquitous throughout society and cause for widespread policy reform.

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Germany Tumbles Down Into Recession

What Is Happening?

 

Fall in the industrial production in Germany has landed the nation into recession. As defined by National Bureau of Economic Research (NBER)’s Business Cycle Dating Committee, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators (Fund).

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Probability of eradicating poverty is getting closer to 1.

Poverty has always been holding mankind from achieving its potential. The inability to maintain the basic levels of survival is still high among 1.85 billion people of the world today. Poverty has been rising faster than the economic policies to eradicate them, even when the rich like Bill Gates, donate most of their incomes to charities. It turns out that just making these physical resources available to the poor, plays very little in uplifting them as has been proven by this year’s Nobel Prize Winners, Abhijit Banerjee, Esther Duflo and Michael Kremer.

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Introduction to Chicago Mercantile Exchange Group

The CME Group Inc. is distinguished as one of the world’s largest and most diverse derivatives marketplace. It owns large derivatives, options and futures exchanges in Chicago and New York City using their trading platforms such as CME Globex trading and CME Clearing. CME Globex trading is a global electronics trading platform that enables users worldwide to access markets in all of the products it trades. CME Clearing is a means to handle settlements and provide clearing of exchange trades in the over-the-counter (OTC) market. [1]

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