Friday, February 24, 2017

The Journey Outside the USA Continues....

Many readers of this blog may or may not realize that the author of this blog is actually an American citizen.  Yet during more than six years of this blog's run, the vast majority of posts are written in locations about topics that are distinctively unrelated to the author's country of citizenship.  Even when written, America only exists as an elusive point of reference for other countries, a passive player looming large in the background that features much in the collective psyche of the local populace, but not nearly as much in the workings of their daily lives.

Monday, February 20, 2017

Is "Enough" Really Enough?

When the author was traveling around Eastern Europe a few years ago, a Chinese man met on the bus told him of a Chinese friend who used to work on a potato farm in Russia.  The man said his friend was busy gathering potatoes during the season when all the sudden, the boss of the farm told him to stop.

“Hey, we got enough potatoes for the season, so you can stop now,” the boss said in a rather matter-of-fact way.

“Wait, so what do we do with the rest of the potatoes?  We still have many hectares that we haven’t harvested,” the friend was positively confused by the boss’ order.

Saturday, February 18, 2017

Why Speculation Makes for the Best Political Propaganda

To anyone outside the highest echelons of North Korean political hierarchy, the Hermit Kingdom's state-directed intentions remain completely opaque.  Any provocative moves emerging from the country almost often come as unpredicted and surprising, giving major media outlets all that much more to work with when they think about breaking news headlines.  In the past years, that usually meant the next missile or nuke testing that raise the blood pressures of the Japanese and South Koreans.  But apparently the North Koreans have other initiatives up the sleeve that change up the pattern a bit.

Saturday, February 11, 2017

Can A President Trump Spark a Massive Increase in South-South Migration?

An immigrant leaves his/her homeland for a reason.  For some, different political and religious beliefs opposed by the ruling establishment force them to seek more tolerant host societies.  For others, familial ties and international romance must be maintained through physical relocation.  But for the vast majority, migration is about economic opportunities, a chance to escape relative poverty by heading toward destinations that offer better-paying jobs and a safer, more orderly, and more entrepreneurial environment to realize unfulfilled dreams of individual prosperity.

Sunday, February 5, 2017

How Lack of Financial Discipline Fuels an Explosive Growth of African Government Debt

In his work Rich Dad, Poor Dad, Robert Kiyosaki attempts to dissect the mentality of the poor, the middle class, and the rich.  Among all the differences he notes of the three, one is constantly repeated and stands out as pivotal in the difference.  The rich, he argues, invests in assets and not liabilities.  And when the rich makes these investments, they do so through incomes earned through assets, and not by taking on more liabilities in the form of loans to be repaid.  By wisely investing in income-generating assets within their means and then reinvesting resulting incomes in more assets, a small initial capital can quickly turn into a large sum.

Saturday, February 4, 2017

Is Lack of Optimism a Bottleneck for Development in Africa?

There is an interesting fact that few foreigners know about Japan.  That is, the biggest ethnic population of Japanese people outside Japan live in Brazil, numbering more than 1.6 million for a diaspora that just 2.6 million strong worldwide.  From a modern-day perspective, the oversized presence of the Japanese in an economically struggling and geographically distant country like Brazil seem rather strange, especially when Japanese migrant populations everywhere, including in US, Europe, and Asia, are shrinking as fewer Japanese seek to go and live abroad.