NYU Stern Economic Development Group Blog
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Stay up to date with our activities, and reports and learn more about economic development topics at the NYU Stern Economic Development Group Blog. the EDG is an NYU student-run organization for understanding and engaging with the broad field of international development. Our mission is to connect students with the necessary resources for applying their business skills.
NYU Stern Economic Development Group Blog
1M ago
(Image Source: Ellis Island Foundation)
By Sofia Orman
Since its establishment, the United States has consistently relied on population growth in order to develop and maintain its booming economy. The pattern is simple: as the American population grows, the workforce expands and the production of goods increases, resulting in a strengthened economic system. Although this process has been highly efficient—especially after World War II, when the term “baby boom” first arose—it is no longer viable, as the US birth rate has been rapidly declining in recent years, with deaths forecasted to outpace ..read more
NYU Stern Economic Development Group Blog
5M ago
(Image Source: Gary Blakeley, Dreamstime)
By Eric Pu
Since the turn of the millennium, Canada has actively fought to transform its national identity into a country of immigrants. Across all facets of daily life, the stories of immigrants and their struggles are inseparable from Canadian society, which has been described as a “cultural mosaic.” Immigration has also introduced drastic changes to the shape of the Canadian economy, as it battles an aging population and fertility rates below the replacement level—between 2016 to 2021, Canada welcomed 1.3 million new immigrants, which accounted fo ..read more
NYU Stern Economic Development Group Blog
6M ago
(Image Source: Getty Images)
By Mikayla (Miki) Pyke-Sharpe
Haiti is currently experiencing what is arguably one of the worst humanitarian catastrophes in the world, yet mainstream media has failed to capture the full gravity of the situation. This is especially apparent in the West, where conflicts in Ukraine and Gaza have siphoned attention away from Haiti. Since 2021, the nation has been in a state of political, social, and financial crisis. Conflicts began with the assassination of then-President Jovenel Moise, which led to opportunistic Haitian gangs taking advantage of the newly formed ..read more
NYU Stern Economic Development Group Blog
6M ago
(Image Source: Pixabay.com)
By Nicolas Garza
Abundance of choice is a recurring theme throughout many facets of modern life. As computational automation enabled access to more data than could ever be consumed, the constraint of information accessibility that had closely accompanied humankind throughout history vanished. For global financial markets, this frontier was conquered in 1971 with the introduction of NASDAQ, the first platform in the world that allowed investors to access security information and perform trades electronically. However, with this expansion in investment possibilities ..read more
NYU Stern Economic Development Group Blog
6M ago
(Image source: Money.com; Getty Images)
By Catherine Zhang
As pandemic restrictions ease and companies begin reeling their workers back into offices, there still lies a significant portion of employers who have declared that remote work is here to stay. Despite waning restrictions from the pandemic, remote work opportunities have continued to increase since the start of COVID, ballooning up to 15% of all jobs in 2022, and indicating that many employers are still open to remote work even if not mandated. In fact, many employers cite increased productivity as the main push factor to let remote ..read more
NYU Stern Economic Development Group Blog
6M ago
A geographical map for the position of the NAC of Egypt (Image Source: The Capital Egypt)
By Rose Joyce
The process of moving a capital city is complex and ambitious, yet throughout world history, many countries have attempted to take on this impressive feat. A notably recent and successful example of this is Nigeria, who between the 1970s and late 1990s, moved its capital city from Lagos to Abuja in order to “create a more central government closer to its people, and to ensure political stability.” Whereas Lagos is closer to the coast, and was experiencing a population boom in the 1970s and ..read more
NYU Stern Economic Development Group Blog
6M ago
A product image of the new Sharrow MX propeller (Image Source: Sharrow Marine).
By Will Denny
When considering the sorts of complex mechanisms which keep our vast global economy running, the container ship industry is a factor that is seldom mentioned. Throughout all hours of the day, 365 days a year, a massive network of skyscraper-sized container ships is perpetually in motion, traveling around the globe to bring us our goods as efficiently as possible. When this system works, it works—we don't tend to hear too much about the logistics of shipping, and it's only when catastrophic disasters ..read more
NYU Stern Economic Development Group Blog
6M ago
Image Source: Gary Hershorn, Getty Images
By Eric Pu
The following text was originally intended as a policy memo to Representative Ritchie Torres, of New York’s 15th Congressional District, which includes most of the South Bronx.
This summer, people from all across the world suffered from one of the worst global heat waves in recent history, with record-breaking temperatures experienced in virtually all parts of the Northern Hemisphere. New York City was no exception to this phenomenon, with 725 people being admitted into city emergency rooms over this summer, the most since 2018. The summer ..read more
NYU Stern Economic Development Group Blog
6M ago
A collage of screenshots of articles detailing the denying of visas due to medical conditions in New Zealand and Australia (Image Source: Áine Kelly-Costello, Overland).
By Catherine Zhang
Australia and New Zealand are often held up on a pedestal in the international community for being the forerunners of healthcare and upholding the notion of equality for all, including for immigrants. Although the two have been making immense strides in making healthcare cheap while retaining its high quality, and in being accepting of immigrants, they also both have a history of deciding which immigrants d ..read more
NYU Stern Economic Development Group Blog
6M ago
Image Source: Too Good to Go.
By Rose Joyce
The New York culinary aesthetic is one that is notorious for its glamor, riddled with over-priced groceries and unaffordable restaurants. However, for most of the city’s residents, the reality of their lifestyles is far from these misconceived images of luxury and vanity, especially for college students across Manhattan. Factors like inflation and rising rents have made balancing budgets substantially more difficult, in a city that was already notorious for its cost, and consequently affording the most basic of necessities like grocery shopping has ..read more