The Top 20 Foreign Direct Investment (FDI) Host Economies in 2019 are shown in the chart below. Though there was a slight dip in FDI, the US remained the top destination for FDI. The second ranked country for FDI inflows was China. Source: World Investment Report 2020, UNCTAD
During this global pandemic it seems silly to discuss about travel and tourism. But it is important to understand the impact of this industry on the economy of many countries. While travel has plunged heavily this year in normal times tourism is a major contributor to the GDP and provided jobs to millions of people. …
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NY Times published an excellent opinion piece by columnist Nicholas Kristof this past weekend. By yesterday night, it generated over 1,000 comments from readers. As of Sept 12, the total Covid-19 cases in the country exceed 6.5 million and the death count stood at 193,948. While the next grim milestone will be 200,000 deaths, some models are …
Continue reading ‘NY Times Op-Ed: How Did the ‘Best-Prepared Country’ Become a Horror Story?’ »
Prices of automobiles continue to soar year after year in the U.S. as automakers add more gadgets and features. Things like a rear-view camera, nice-sized “infotainment system” for all the internet-enabled apps, etc. are common in most cars today. However all these features are priced into the cost of the vehicle. A vehicle that cost …
Continue reading ‘Putting Average Cost of a New Vehicle Sold in the U.S. in Perspective’ »
Some European countries have a high number of banks. Consolidation is likely in the future as banks struggle due to multiple adverse of the coronavirus pandemic and recessions. Spanish banks Caixabank SA and Bankia SA are exploring a merger according to a recent article in The Wall Street Journal. Below is the total number of …
Continue reading ‘Fact: Number of Banks in Select European Countries’ »