May 14, 2025 /Mpelembe Media/ — According to a press release from Checkout.com, the company has launched its first Digital Economy Trust Index, ranking 16 countries based on consumer trust in online systems. The index highlights a strong link between trust in the digital economy and national GDP growth, suggesting that countries with higher digital trust tend to experience greater economic expansion. Continue reading
A few years ago, one of us (Alex) went for a vacation to the Dominican Republic. The motivation was similar to millions of other tourists every year: escape the daily routine, enjoy the sun and beaches, and gather some strength to face another cold winter.
Unfortunately, a few things weren’t very conducive to a happy break. The staff at the mammoth hotel were making as little as US$1 (£0.79) for a 12-hour shift. Worse, most of them lived in a shanty town nearby. They had no sewers and no reliable electricity.
The hotel also exploited its power over local farmers to procure food exceedingly cheaply. Schools were overcrowded and many children dropped out to work in businesses like these hotels and farms, perpetuating the cycle.
April 17, 2023 /Economy/ — Purchasing-power parity (PPP) is a measure of the value of different currencies, taking into account the cost of living in different countries. It is often used to compare the standard of living in different countries.
Exchange rates, on the other hand, are the prices of one currency in terms of another. They are determined by supply and demand in the foreign exchange market.
There are a few reasons why PPP is a better metric for comparing people’s well-being than exchange rates. Continue reading