Foreign Aid: The Double-Edged Sword

The coronavirus pandemic, dubbed the ‘Inequality Virus’, will push a further 150 million people globally into poverty by the end of 2021. The pandemic’s negative repercussions have been worst felt in low-income countries (LICs), where they have been described as ‘a serious setback to development progress’. Foreign aid has been at the forefront of supporting developing countries for many years, reaching ‘an all-time high of … Continue reading Foreign Aid: The Double-Edged Sword

Coins made of gold and showing name Bitcoin, Ethereum, and Litecoin

What is Behind Bitcoin’s Recent Rally?

Bitcoin, the world’s largest cryptocurrency, has caught the world’s attention (again). Infamous for its volatility, it has faced scepticism from institutions and finance leaders. However, during the last year alone, Bitcoin has jumped from lows of $4000 to highs of almost $42000. What explains the eye-catching increases? Bitcoin was created in 2009 by the pseudonymous Satoshi Nakamoto at a time when the world was experiencing … Continue reading What is Behind Bitcoin’s Recent Rally?