Category: International Economics

Written by: Amelia Repp Most people are familiar with the age-old marketing scheme behind the naming of Iceland and Greenland. Around 982 AD, Erik the Red, a Scandinavian settler who had been previously exiled from Iceland, arrived at an expansive landmass in the North Atlantic Ocean, covered 80% by ice (Evans, 2016). Despite its snowy,…

Written by: Nathan Lynch In response to recent military operations that began in late February, Iran has restricted the flow of commercial vessels out of the Persian Gulf. The Strait of Hormuz, bordered to the north by Iran, transports nearly a fifth of the world’s oil and gas from the middle east to countries in…

Written by: Dennis Khanutin Created in 1949, the North Atlantic Treaty Organization (NATO) formed a security alliance among the United States, Canada, and a group of European nations. The central purpose of this 32-member organization was collective defense, as outlined in Article 5, which states that an attack on one member nation is an attack…

Written by: Peyson Bilimoria Looking at the size of Iran’s production, exports, and reserves of both crude oil and gas, it becomes clear that Iran stands as a major player at the forefront of global oil supply. According to various estimates, Iran holds the world’s second-largest gas reserves and third-largest crude oil reserves, representing 34…

Written by: Yumin Choi In most cases, a single artist group would never be compared to a country’s GDP or corporations. But BTS is different. Since their debut in 2013, the seven-member boy band group has changed the landscape of the music industry and has become a global economic sensation. With all seven members completing…

Written by: Leo Obregon On April 2, 2025, a day deemed “Liberation Day” by President Donald Trump, the administration announced a universal 10% tariff on all imported goods to begin on April 5, followed by 57 higher country-specific tariffs on “unfair traders” that would take effect on April 9 (Harithas et al., 2025). These “reciprocal…

Written by: William Luebkert The United States has long been Canada’s largest trading partner, and the two have very heavily integrated economies. In 2024, total trade between the two countries totaled $909.10 billion (Office of the United States Trade Representative, n.d.). Nearly $3.6 billion worth of goods and services crosses the U.S.-Canada border every day…

Written by: Jeremy Jason Chan On January 3, 2026, American military forces carried out a strike on Caracas,the capital of Venezuela, in which they captured and imprisoned Nicolas Maduro, thecountry’s president of over ten years. This marked the culmination of months of militaryescalations between the United States and Venezuela, in which the USA established ablockade…

Written by: Marek Svitek A Country Built to Fail For most of the twentieth century, Argentina was among the wealthiest nations on earth.Easily recognizable by its fertile plains of Pampas feeding the region and capital BuenosAires that rivalled Paris. However, decades of collectivism and socialist policies prevailed inthe political scene. This decades-long era, also known…

Written by: Jensen Stanzi Over the past year, the Trump administration has expanded its global trade platform. Trump implemented aggressive trade policies that imposed a minimum 10% levy on all imports with additional tariffs of up to 41% on nations that did not successfully negotiate trade with the U.S (Brusuelas 2026). To bypass traditional congressional…