Friday, May 26, 2017

Why is There So Little Serious Discussions of Africa's Economic Falling Behind among Expats on the Ground?

This blog has not been kind to rural Tanzania or Africa in general.  From criticizing the people's flippant attitude toward money to oddities of everyday life, it has made no effort to conceal that fact that it has portrayed the locations where the author has resided and traveled to in an overwhelmingly negative light.  In the process, much doubt is cast on the future of the continent, much in contrary to the more and more common thesis of "Africa Rising" narrative that is growing prominent in some quarters of popular media and academic world.

Wednesday, May 24, 2017

Taiwan's Social Progressivism and Impact on New Southward Policy

In one day, there was two polar opposite news coming out of Asia on the issue of gay marriage.  One is the de facto legalization of same-sex marriages in Taiwan's highest court, making the island the first place in Asia to expliciting state that homosexual marriages are as legal as the heterosexual kind.  The other is the public caning of a man caught for gay sex in conservative Aceh province in Indonesia.  The young man is humiliated in front of thousands of spectators, and Western media outlets and general public wasted no time criticizing the act as immoral and barbaric, much to the chagrin of the Islamic local population.

Tuesday, May 23, 2017

Is Cryptocurrency a Threat to National Sovereignty?

For those interested in the world of investing, the growth in value of BitCoin in the past months and years have truly been exciting.  The virtual currency is not only become well-known through its meteoric growth, but is gradually becoming accepted as a form of payment across multiple businesses in multiple countries.  With increase in confidence that virtual currencies are now being treated much more than just an investment vehicle (like gold,silver, and other rare precious commodities) but a real currency with real transactional value in everyday life, the number of people holding cryptocurrency like BitCoin is bound to increase.

Friday, May 19, 2017

The Psychology of Owing and Being Owed

A few months ago at the G20 Summit held in Hangzhou, China, Jacob Zuma, the President of South Africa, gave an interview to China Central Television on the Summit's sidelines.  One of the key topic of the interview was the recent economic troubles faced by South Africa, especially pertaining to the financial downgrading associated with the recent sacking of the reputable finance minister Pravin Gordhan.  The interviewer questioned Zuma on how the lack of confidence international markets and rating agencies toward South Africa will impact the South African economy in the coming months.

Friday, May 12, 2017

How the Free Market Improves the Service Industry

China, today as it has nearly always been, is a land of food.  People are willing and will spend excessive ants of money on good food, and tend to seek out the next best restaurant that is coming up.  Tens of thousands of restaurateurs battle it out in a city of millions, where good food is rewarded with constant line of patrons willing to wait for hours and days for a taste, while mediocre ones close down in matter of months as they can no longer afford to pay high rents in a expensive real estate market like Shanghai.  The sheer competitiveness of the market means that only the most delicious will survive.