A I R S h a r e

A Workforce Globalization Blog

Alex Davis

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How is political change impacting Argentina's economy?

Oct 24, 2019 @ 06:22 AM / by Alex Davis

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On August 11th, Argentina held primary elections ahead of the general election scheduled for October 27th. Center-left candidate Alberto Fernandez and running mate former President Cristina Fernandez de Kirchner defeated center-right President Mauricio Macri. This result created uncertainty about the future of Argentina’s economic policy. Many investors pulled their money out of Argentina, and ratings agencies such as Fitch and Standard & Poor’s downgraded their credit rating. The peso experienced rapid and significant devaluation against the dollar, losing roughly 20% of its value in a matter of days. In an effort to stabilize the peso, Macri re-instituted currency controls that had been eliminated in 2015.

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The Economic Impact of Swine Fever in Vietnam and China

Jul 26, 2019 @ 03:42 PM / by Alex Davis

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There has been a widespread outbreak of African Swine Fever (ASF) in Asia. ASF is a virus that causes hemorrhagic fever in pigs, with a mortality rate approaching 100%. The disease kills pigs rapidly, typically in two to ten days, but is harmless to humans.

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Why is it so expensive to own a car in Singapore?

Apr 14, 2019 @ 07:45 PM / by Alex Davis

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Singapore can be one of the most expensive places in the world to purchase a vehicle because of the Certificate of Entitlement (COE), which is required for purchasing a car and allows for ownership for a period of ten years. Singapore uses a Vehicle Quota System (VQS) to determine the number of COEs made available to the public.

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What country has the world's most expensive gasoline? [Infographic]

Mar 28, 2019 @ 12:05 AM / by Alex Davis

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Global gasoline prices fell this quarter compared with our data from six months ago. Oil prices hit a recent high in early October but have fallen sharply since. US crude, for example, had its weakest month in a decade as the price plummeted 22% in November.

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State-backed Cryptocurrency and Redenomination of the Bolivar

May 11, 2018 @ 12:39 PM / by Alex Davis

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Critics say this is merely a superficial solution and will do nothing to combat hyperinflation. This announcement followed presidential candidate Henri Falcon’s proposal to dollarize the Venezuelan economy.

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Venezuela's 'Petro' Cryptocurrency Announced

Jan 23, 2018 @ 03:44 PM / by Alex Davis

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President Maduro recently announced the creation of the Petro, Venezuela’s own cryptocurrency, backed by natural resources such as oil and gold.

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Venezuela’s New Exchange Rate

Jul 20, 2017 @ 10:14 AM / by Alex Davis

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On May 31, Venezuela announced the results of the first currency auction for its new DICOM exchange rate, the fifth such currency control mechanism introduced since 2003.

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