GFDRR on Risk Identification – Diplomacy is only the tip of the iceberg

I am often skeptical on the functioning of diplomacy. With a social science perspective, I tend to look at the direct effects on local communities. From this angle, people who are climbing to (or have already reached) the top of diplomacy are often too powerful and act in self-interest. It’s a story we hear over …

Low Oil Prices and the Global Economy: Why OPEC’s Lifeblood has dried up

Over the last month, global crude oil prices have frequently been dropping below $30 per barrel, a drop from $120 per barrel in 2014. Cheap oil is a boon for many Western countries but ravages oil exporters who depend heavily on its revenues. How did this low oil price come about, and will it last? …