Global Economics


Economic Unconventional Warfare Manual

WikiLeaks released a document named Army Special Operations Forces Unconventional Warfare highlighting the facts that major global financial institutions like the IMF and World Bank are used as unconventional financial weapons in times of conflict as well as to leverage the policies and cooperation of State Governments. I’ll highlight some of the more hard-hitting sections below but you have to go read the entire document on WikiLeaks. September 2008 DISTRIBUTION RESTRICTION: Distribution authorized to U.S. Government agencies and their contractors only to protect technical or operational information from automatic dissemination under the International Exchange Program or by other means. This […]


The hidden force in global economics: sending money home

Last year there was huge debates about what Belizeans in the Diaspora do for the motherland and the people there. Someone asked in a Belizean newspaper “What have you done for me lately?” others pointed to other things, but mostly the concept was insinuating that the Diaspora doesn’t do much for the nation. There was one ignorant fellow that made the remark in public forum that: In 2013, the Central Bank of Belize reported that remittances were $72.2 million or about 2.23% of our gross domestic product (GDP). Economists will tell you that any activity generating 2.23% of GDP is […]


BRICS countries facing increasing political risk says Aon

Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), today unveiled its 2014 Political Risk Map which identifies an increased risk rating for all five emerging market BRICS countries. As a result, countries representing a large share of global output experienced a broad-based increase in political risk including political violence, government interference and sovereign non-payment risk. Brazil’s rating was downgraded; political risks have been increasing from moderate levels as economic weakness has increased the role of the government in the economy. This is of particular concern given this year’s World Cup and the 2016 Olympics. Russia’s […]