How did the Winnebago tribe of Nebraska turn their extreme poverty into prosperity through self-determination? Learn how their success story is inspiring Harvard's Project on Indigenous Governance and Development.

Cartels, a combination of two or more companies working together to control prices and restrict competition, have been a hot topic in the economic and political world for centuries. From De Beers, the infamous diamond cartel, to OPEC, the global oil cartel, these organizations have a profound impact on the world's economy and politics. Some cartels, such as De Beers, have been able to maintain their control for decades, while others, like the American sugar cartel in the early 20th century, have been dissolved for violating antitrust laws. So, what makes a cartel legal or illegal? Economist Joseph Stiglitz explains that legal cartels are those that operate within a framework of laws and regulations, while illegal cartels engage in anti-competitive behavior, such as price fixing or market division. Legal cartels, like De Beers, have the potential to increase efficiency and innovation in the market. Illegal cartels, on the other hand, can lead to increased prices for consumers and a decline in market competition. The factors that determine the legality of a cartel also include government intervention, consumer protection, and market conditions. For example, OPEC, while considered a legal cartel, operates within strict regulations set by the governments of its member countries. It's important to understand the impact that cartels have on the global economy and politics. By exploring the complexities and nuances of legal and illegal cartels, you'll take a step further in gaining a deeper understanding of economics and political systems.

The Great Depression was a significant global economic crisis that lasted from 1929 to the late 1930s, leading to severe consequences for people worldwide. From the US stock market collapse to failed banks, bankruptcy, and the rise of Hitler's Nazi Party, this period marked a significant turning point in world history. Learning about this critical historical event can provide you with a comprehensive understanding of the economic concepts that govern our lives today. Through exploring the Great Depression, you can develop critical thinking, analytical skills, and a sense of how economic policies shape our world. By understanding the past, we can learn to make better decisions in the future.

As a high school student, you may have heard of the term "trickle-down economics." This concept was introduced in the 1980s, when President Ronald Reagan's administration implemented policies to stimulate the US economy. The key academic concepts here are tax cuts and their impact on the government's revenue, the economy, and people's lives. By understanding these concepts, you can learn how economic policies affect society, and how to analyze them critically. Moreover, by exploring this topic, you can develop your research and writing skills, and engage with current events that may impact your future. While there is no clear answer as to whether trickle-down economics is an effective policy, exploring this topic can provide valuable insights into economic theory and current political discourse. So why not explore this fascinating topic further and discover new perspectives on economic growth?

Despite centuries of economic stagnation, Africa possesses latent assets that could lead to economic prosperity. This research identifies three specific assets - meritocracy, scepticism of authority, and cosmopolitanism - that could be the foundation for building inclusive and effective political institutions. We explore the history and culture of Africa to understand how these assets have developed and how they can be leveraged for economic growth.

Enter the mind of Adam Smith, the father of modern economics, and explore his magnum opus, 'The Wealth of Nations'. This classic work, considered the first modern work of economics, delves into the nature and causes of wealth in society. Smith's insights on political economy and moral philosophy continue to shape economic thought today. With an unabridged and illustrated eBook report, readers can navigate through Smith's complex ideas with ease. Discover the antidote to superstition and enthusiasm with 'The Wealth of Nations'." Recommended for students of economics, political science, and philosophy, as well as anyone interested in the history of economic thought. This book provides a foundational understanding of modern economics and the role of government in shaping economic policy. Additionally, those interested in the intersection of morality and economics will find Smith's insights on the subject thought-provoking. The book is also valuable for professionals in the fields of finance and business, as it offers a historical perspective on the evolution of economic systems. Overall, 'The Wealth of Nations' is a must-read for anyone seeking to deepen their understanding of economics and its impact on society.

The Imperial College Business School conducted a study that reveals the wealth gap in the US has grown faster than in Europe, and the primary cause of this phenomenon is the significant increases in stock market prices. The research aims to explore the reasons behind the growing wealth inequality in the US and identify the necessary actions to address it.

Neoliberalism is a term we often hear thrown around, but do you really understand what it means? At its core, neoliberalism is an economic philosophy that emphasizes the importance of individual liberty and the freedom of markets. It argues that markets can produce their own philosophy, and therefore we should look at the world through the eyes of the market. While some see neoliberalism as a way to deliver public services through privatisation over state control, others argue that it leads to uncontrolled globalisation that puts corporations above nations. Understanding neoliberalism can help you develop critical thinking skills and a deeper understanding of the way state and market interact with our aspirations. By exploring this concept, you'll be better equipped to navigate the world and make informed decisions that affect your life.

Africa has a rich history and culture, but its past is marked by a legacy of colonialism that has had long-lasting effects on its economic and political development. Colonialism is the practice of one country or nation taking control of another country or territory for its own benefit. In Africa, this often involved European powers exerting their influence and control over the continent and its people. The long-term effects of colonialism on Africa's economic development and governance are still being felt today. One of the ways that colonialism impacted economic development in Africa was through the exploitation of natural resources. European powers took advantage of the continent's vast resources, including minerals, timber, and agricultural products, often without properly compensating the local people. This led to the development of an extractive economy that was heavily reliant on exports of raw materials, rather than developing local industries that could add value and create jobs. This legacy of extractive economies has made it challenging for many African countries to diversify and grow their economies. In terms of governance, colonialism also had a significant impact on the political systems and institutions that exist in many African countries today. European powers often imposed their own political systems and values on the continent, disregarding local customs and traditions. This has led to the creation of artificial borders, ethnic and tribal tensions, and a legacy of authoritarian rule that is difficult to overcome. In many cases, African countries have struggled to establish stable and effective governance systems that can provide for their citizens and ensure their well-being. One of the key academic concepts related to the long-term effects of colonialism in Africa is the idea of "neocolonialism." This refers to the continued influence of former colonial powers on African economies and politics, even after independence. For example, many African countries are still reliant on foreign aid and loans from former colonial powers, which can come with strings attached that limit their sovereignty and ability to make decisions that are in the best interests of their citizens. Leading academics in the field of colonialism and its effects on Africa include scholars like Walter Rodney, Frantz Fanon, and Achille Mbembe. These thinkers have written extensively on the subject, providing insights into the historical and contemporary issues that continue to shape the continent. By delving deeper into the complex issues surrounding the long-term effects of colonialism in Africa, students can gain a better understanding of the continent's history and its current challenges, as well as develop critical thinking skills and an appreciation for the complexities of global systems and institutions.

Are you interested in exploring the world and its diverse cultures while making a positive impact on society? Look no further than Global Studies! This exciting field of study offers a unique and dynamic approach to understanding global issues, cultures, and societies. Global Studies is an interdisciplinary field that combines insights from various social sciences, humanities, and natural sciences to examine the complex and interconnected nature of our world. Students in this field study topics such as globalization, international relations, human rights, environmental sustainability, and cultural diversity. Global Studies isn't just about reading textbooks and attending lectures. It involves exciting research, innovative ideas, and inspiring academic discoveries. For example, have you heard about the work of Nobel Peace Prize winner Malala Yousafzai, who advocates for girls' education around the world? Or the groundbreaking research on climate change by Dr. Jane Goodall? These are just a few examples of the inspiring work done by global studies scholars. At the undergraduate level, students can choose from a variety of majors and modules, including international relations, environmental studies, and cultural studies. They can also specialize in areas such as global health, human rights, or sustainable development. These specializations can lead to exciting careers in fields such as international development, diplomacy, or environmental advocacy. If you're interested in pursuing a career in Global Studies, there are a wide range of potential jobs and roles you can consider. These include working for international organizations like the United Nations or World Health Organization, non-governmental organizations like Amnesty International or Greenpeace, or multinational corporations with a global presence. Some notable employers in this field include the Bill and Melinda Gates Foundation, Doctors Without Borders, and the World Wildlife Fund. To succeed in Global Studies, you should have a passion for exploring different cultures, a strong interest in current events and global issues, and excellent communication and critical thinking skills. A second language is also a valuable asset in this field. In conclusion, Global Studies is an exciting and rewarding field of study that offers a unique perspective on our world and its challenges. If you're interested in exploring different cultures, making a positive impact on society, and pursuing a dynamic career, Global Studies may be the perfect fit for you.

Are you fascinated by current world events and the interactions between nations, cultures, and societies? Do you want to explore the complexities of global politics and diplomacy? If so, studying International Relations at university undergraduate level might be the perfect fit for you. International Relations is a dynamic and ever-changing field of study that examines the relationships between countries and how they interact with each other on a global scale. It delves into the complexities of international politics, economics, and culture, and explores how these factors shape the world we live in. One of the most appealing aspects of studying International Relations is the opportunity to learn about real-life examples of international relations at work. From the UN peacekeeping missions to the Paris Climate Agreement, you will learn about some of the most significant events and agreements in modern history. You will also get to study the works of well-known academic figures such as Joseph Nye and Samuel Huntington, who have contributed groundbreaking theories to the field. At the undergraduate level, typical majors and modules include International Political Economy, Global Governance, and International Security. You can also specialize in areas such as Middle Eastern Studies or Human Rights, depending on your interests. For example, you could study the role of women in conflict resolution in the Middle East or analyze the impact of climate change on global security. After completing your degree, there are numerous potential career paths you could take. You could work in government agencies or think tanks, consulting firms, or international organizations such as the United Nations or the World Bank. You could also work in the private sector, with companies such as Google or ExxonMobil, who have a global presence and need employees with an understanding of international relations. To succeed in this field, it's helpful to have a strong interest in current world events and a desire to understand how they fit into the bigger picture. Strong analytical and critical thinking skills are also crucial, as is the ability to communicate effectively and work well in a team. So if you're passionate about global issues and want to make a positive impact on the world, studying International Relations at university undergraduate level could be the perfect choice for you.

European Union (EU), European Community (EC) and the Eurozone are complex political and economic concepts that are closely intertwined and often used interchangeably. However, they are not exactly the same thing. Understanding the differences between these three concepts is crucial for anyone interested in the study of European politics and economics. The European Community was established in 1957 with the signing of the Treaty of Rome. It was created to promote economic cooperation between European countries and to help create a common market. The European Community consisted of three main institutions: the European Commission, the Council of the European Union, and the European Parliament. In 1993, the Maastricht Treaty transformed the European Community into the European Union. The EU expanded the scope of cooperation between European countries, now covering a wider range of policy areas such as justice, foreign policy, and defense. The EU has 27 member countries and operates through the same three institutions as the European Community. The Eurozone, on the other hand, is a monetary union within the EU that consists of 19 countries that have adopted the euro as their currency. The purpose of the Eurozone is to promote economic integration and stability in Europe through the use of a common currency. Leading academics in the field, such as John Peterson and Andrew Moravcsik, have made significant contributions to our understanding of the EU, EC and the Eurozone. Peterson's work focuses on the development of the EU's institutional structure and its impact on member states, while Moravcsik's research examines the EU's decision-making processes and its role in global governance. So, what makes these three concepts different from each other? The European Community was established to promote economic cooperation, the EU expanded the scope of cooperation to cover a wider range of policy areas, and the Eurozone is a monetary union within the EU that uses a common currency. By understanding the differences between the EU, EC, and Eurozone, students can gain valuable insights into the workings of the European Union and the impact it has on its member states.

Uncover the sinister world of diamond smuggling and its devastating impact on the people of Sierra Leone in Greg Campbell's Blood Diamonds. Follow the trail of these "blood diamonds" from West Africa to the hands of unsuspecting consumers worldwide, revealing the complicity of the international diamond industry. Through his award-winning journalism, Campbell exposes the brutal realities of the rebel war and the policies that have allowed this tragedy to occur. This gripping tale is a must-read for anyone interested in global issues, international trade, and human rights abuses." Recommended for those interested in international relations, economics, and social justice, Blood Diamonds sheds light on the dark and dangerous world of diamond smuggling. Greg Campbell's investigation into this global issue reveals the complicity of the international diamond industry and the devastating impact on the people of Sierra Leone. This book is particularly relevant for students of international trade, human rights, and conflict resolution, as well as professionals in the diamond industry and those interested in social justice causes. The updated epilogue provides valuable insights into the ongoing repercussions of this tragedy.

If you're looking for a field of study that offers a fascinating blend of philosophy, politics, and economics, then Philosophy, Politics and Economics (PPE) is the perfect choice for you. This interdisciplinary field of study explores the fundamental principles that shape our society, economy, and political systems. One of the most appealing aspects of PPE is the wide range of topics that it covers. From the ethics of political decision-making to the economics of globalization, PPE offers a rich and diverse range of subjects that will challenge your thinking and broaden your horizons. For example, you'll learn about the philosophical underpinnings of democracy and the role that economic policies play in shaping our society. PPE is also a field that is constantly evolving, with new research and innovations being made all the time. Some of the most inspiring academic work in this field has come from notable figures such as Amartya Sen, Martha Nussbaum, and John Rawls. These scholars have made significant contributions to our understanding of political and economic systems, and their work continues to inspire new generations of thinkers and researchers. At the undergraduate level, you'll typically take courses in philosophy, politics, and economics, as well as related fields such as sociology and history. You'll have the opportunity to specialize in areas such as international relations, public policy, or social justice. Some interesting and enticing examples of potential areas of further specialization include environmental policy, healthcare policy, and development economics. If you're wondering what kind of career paths are available with a degree in PPE, the possibilities are endless. Graduates of this field often go on to work in government, non-profit organizations, or the private sector. Some popular career paths include policy analyst, economist, political consultant, and international development specialist. Key industries for prospective future employment include finance, consulting, and public service. Some notable and attractive potential employers from public and private sectors around the world include the World Bank, the United Nations, and Goldman Sachs. To succeed in PPE, you'll need to have a strong interest in philosophy, politics, and economics, as well as excellent critical thinking and analytical skills. You'll also need to be able to communicate your ideas effectively, both in writing and in person. If you're passionate about social justice, public policy, and making a positive impact on the world, then PPE is the perfect field of study for you.

Ever wondered why corruption levels vary in African countries? A new study suggests that the legacy of colonial rule may be partly to blame. Find out how British colonial rule may have fostered the corruption of local elites (chiefs) and undermined society's trust in them. Discover the significant welfare implications of this on agriculture, natural resources, mining royalties, public goods, and economic development in many African societies.

Nobel Prize-winning economist Joseph E. Stiglitz's best-selling book "The Price of Inequality" is a powerful indictment of America's growing inequality and its corrosive effects on our economy, democracy, and system of justice. Stiglitz argues that politics, not just market forces, have shaped this vicious circle of inequality, and he exposes the efforts of well-heeled interests to compound their wealth at the expense of true, dynamic capitalism. With characteristic insight, Stiglitz offers a vision for a more just and prosperous future, supported by a concrete program to achieve that vision. Recommended for students of economics, political science, and sociology, as well as anyone concerned about the growing inequality and lack of opportunity in America. This book is particularly relevant to those interested in the role of politics in shaping market forces, the effects of inequality on our economy and democracy, and the need for concrete policy solutions to address these issues. It may also be of interest to activists and advocates working towards greater economic and social justice.

Ahoy, matey! Are you ready to set sail on a journey through the hidden economics of piracy? In "The Invisible Hook", Peter Leeson explores the rationality behind pirates' notorious behavior, from their "pirate code" to their search for plunder. But that's not all - Leeson argues that pirates were actually pioneers of remarkable practices, such as constitutional democracy and workers' compensation. He even suggests that pirates exemplified the virtues of vice, proving that anarchy could be organized. Join Blackbeard, Black Bart Roberts, and Calico Jack Rackam on this swashbuckling adventure through history's most colorful criminals. Recommended for history buffs, economics students, and anyone interested in the intersection of rationality and criminal behavior. This book offers a unique perspective on piracy, revealing the economic forces that drove pirates to adopt certain practices and behaviors. It also highlights the surprising ways in which pirates were ahead of their time, from their adoption of constitutional democracy to their early system of workers' compensation. The book's exploration of the virtues of vice and the organization of anarchy may also appeal to those interested in political philosophy and sociology. Overall, "The Invisible Hook" is a fascinating and entertaining read that sheds light on a little-understood aspect of history.

If you have a passion for making a positive impact on society and shaping the world we live in, then a career in public policy might be the perfect fit for you. Public policy professionals work in a wide range of fields, from government and non-profit organizations to international organizations and think tanks. Their work involves analyzing social and economic issues, developing policies, and implementing solutions that address complex problems facing society. One of the most appealing aspects of a career in public policy is the opportunity to make a tangible difference in people's lives. Public policy professionals can work on issues such as climate change, poverty, education, and healthcare, among others. For instance, they can advocate for environmental protection policies that reduce greenhouse gas emissions and mitigate the impact of climate change, or they can develop programs that increase access to healthcare services for underserved communities. As a public policy professional, your typical duties might include conducting research, analyzing data, and working with stakeholders to develop policies that address a specific issue or problem. You may also be responsible for evaluating the effectiveness of existing policies and proposing improvements. Depending on your interests and strengths, you can specialize in a particular area of public policy, such as healthcare, education, environmental policy, or international relations. To pursue a career in public policy, you typically need a bachelor's degree in a relevant field, such as political science, economics, or public administration. Some popular undergraduate programs and majors in this field include Bachelor of Arts in Political Science, Bachelor of Science in Public Policy, Bachelor of Arts in Economics and Bachelor of Science in Public Administration. In addition to academic credentials, public policy professionals need certain personal attributes to be successful. These include strong analytical and critical thinking skills, excellent communication and interpersonal skills, and a commitment to public service and social justice. The job prospects for public policy professionals are excellent, with a wide range of employers across the public and private sectors. Some notable employers in this field include the United Nations, the World Bank, the International Monetary Fund, the Environmental Protection Agency, and the U.S. Department of State..

Efficiency and equality are two fundamental concepts in social and economic policy that often come into conflict. Efficiency is the ability to produce goods or services with minimum waste, while equality refers to the fair distribution of resources among individuals. The trade-off between these two concepts is a persistent issue in the contemporary world, and it has important implications for social justice, economic growth, and political stability. In recent decades, the pursuit of efficiency has become a dominant theme in public policy, as governments and organizations seek to optimize their operations to achieve greater productivity, profitability, and innovation. However, this drive towards efficiency has also contributed to rising inequality, as the benefits of technological progress and globalization have disproportionately flowed to the top earners, while many low-skilled workers have faced declining wages, job insecurity, and social exclusion. This tension between efficiency and equality is not a new phenomenon. In the 19th century, the economist Vilfredo Pareto observed that economic progress often involved a redistribution of wealth from the poor to the rich, which he dubbed the "law of the vital few." Similarly, the philosopher John Rawls argued that a just society should prioritize the well-being of the least advantaged members, rather than maximizing aggregate welfare. The debate over the optimal balance between efficiency and equality has given rise to various schools of thought and policy proposals. Some proponents of efficiency argue that it is necessary to stimulate growth and innovation, which can eventually benefit everyone. Others advocate for a more redistributive approach, such as progressive taxation, social welfare programs, or universal basic income, to reduce inequality and ensure that the benefits of economic growth are shared more equitably. The trade-off between efficiency and equality is a complex and ongoing challenge for policymakers and citizens alike, but striking a good balance is one of the crucial factors of good policy-making.

Did you know that ketchup, the ubiquitous American condiment, has roots in China and Southeast Asia? And that it's used in surprising ways around the world, including in ketchup cake? The current trade war has even put ketchup in the spotlight, revealing how countries use symbolic products to retaliate. Learn about the history and global impact of ketchup, and discover how cultural stereotypes are exposed during trade wars.