The Thai economy is the second largest in southeast asia. Being right in the centre of one of the most vibrant economic clusters on the planet. Famous for its sun, sea and sand, Thailand is so much than just a tourist hot spot. Thailand’s Economy went on an incredible growth run during the second half of the 20th century. However, economic growth has slowed since the 2000’s, leading some to suggest Thailand’s economy is stuck in a middle income trap. What are the factors behind this in Thailand’s case? How did rice pledging impact the economy? And why Thailand pinning its’ economic hopes on the Eastern Economic Corridor?
More than 43 million Americans owe a collective $1.6 trillion in federal student loans. WSJ’s Josh Mitchell explains how President-elect Joe Biden plans to help borrowers tackle that debt. Photo illustration: Carlos Waters
Climate change is about to upend the corporate world through weather-related disasters, regulation and lawsuits. Can businesses react and adapt in time? Read more here: https://econ.st/3slTXIE
China is testing a digital yuan, aiming to accelerate the replacement of cash and increase state control in a society where digital payments via Wechat Pay and Alipay are already the norm. Here’s what Beijing’s new system looks like—and how it would work. Photo credit: Florence Lo/Reuters
Americans collectively have more than five billion items sitting at home that they no longer use, according to a 2019 survey by online marketplace Mercari. One-click shopping and the globalization of overseas manufacturing has made it easier than ever for consumers to acquire goods. According to the Self Storage Association, an industry trade group, more than 10% of households in the U.S. rented a self-storage unit in 2020, 18% more than in 2005. The self-storage industry has continued to outperform during the pandemic, with several companies reporting strong occupancy and healthy demand, according to the research site Yardi Matrix. But with headwinds threatening the economy will self-storage companies like Public Storage and Extra Space Storage be able to maintain their momentum? And what will new disruptors like Neighbor and Clutter mean for the future of the industry?
In the past two decades inflation has puzzled economists by remaining low in good times and bad. Could the pandemic cause it to rise?
Egypt’s tourism sector is eying a gradual recovery after revenues plunged by nearly 70% to $4 billion in 2020 due to the coronavirus pandemic, the tourism minister and travel companies said.
Egypt, a country linking northeast Africa with the Middle East, dates to the time of the pharaohs. Millennia-old monuments sit along the fertile Nile River Valley, including Giza’s colossal Pyramids and Great Sphinx as well as Luxor’s hieroglyph-lined Karnak Temple and Valley of the Kings tombs. The capital, Cairo, is home to Ottoman landmarks like Muhammad Ali Mosque and the Egyptian Museum, a trove of antiquities.
Cecilia Gralde in Stockholm speaks to this year’s Nobel Laureates in Peace, Physics, Chemistry, Physiology or Medicine, and Economic Sciences about the theories, discoveries and research behind their awards, and the value of science in dealing with the global pandemic.SHOW LESS
Recent changes to the Federal Reserve’s monetary policy framework could boost prospects for marginalized groups. Raphael Bostic, President of the Federal Reserve Bank of Atlanta, explains.
Teachers earn nearly 20% less than other professionals with similar education and experience, according to the Economic Policy Institute. In many states, their wages are below the living wage, forcing teachers to seek secondary jobs to supplement their income or leave the profession all together.
Since the outbreak of the coronavirus pandemic and the rise of remote learning, the challenges faced by educators has become increasingly demanding. Some organizations are trying to redesign teacher pay structures in some of the 13,500 public school districts nationwide. Watch the video above to learn more about why teachers are paid so little and how to fix that.