Since the beginning of the new era, China’s policy of fostering amity, sincerity, mutual benefit, and inclusiveness in neighborhood diplomacy has significantly advanced its relations with neighboring countries. China has reached a
Recent unrest in the Middle East has raised concerns that Sri Lanka may face a shortage of oil supply. Because oil plays such a central role in the economy—powering transportation, construction, electricity
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The Parable of the Broken Window In 1850, the French economist Frederic Bastiat penned “The Parable of the Broken Window.” A boy breaks a shop window, and a glazier is paid six
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The following article, describing the economic growth of China, extracts information from “The Power of Capitalism” by Rainer Zitelmann. The reader is encouraged to refer to this book for more details and
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The economy is shrinking The economy can be likened to a train engine pulling carriages up a hill. The engine represents the wealth-generating component of the economy, which is the private sector.
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In 1979 Margaret Thatcher became prime minister. She had studied the writings of the classical liberal economist Friedrich Hayek, and being impressed by his criticisms of welfare state socialism she put his
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