Stories: Economy

  • Venezuela Elections 2015: Why Venezuelans Are Fleeing the Country

    Tendrils of smoke filled the air as Sarahay Toti flipped a spatula full of sizzling pork on the grill. It was a rainy Friday night, and there were few customers at the tiny shop where she made and sold arepas, a dish from Toti’s native Venezuela made of cornmeal patties filled with meat and cheese. But she was...

  • Ecuador’s Oil Bust Draws Parallels to 1990s Financial Crisis

    Ecuador's economy is faltering thanks to a year of record low oil prices and fears of a "godzilla" El Niño forming in the Pacific Ocean. The situation is drawing bizarre parallels to the last major financial crisis to hit the small South American country in the late 1990s. KELLY MCEVERS, HOST: People in Ecuador are worried they'...

  • In Ecuador, Dependency on Beijing Financing of Development Projects Raises Fears, Uncertainty

    The long stretch of roadway snaking through the parched, rolling hills outside this sleepy Ecuadorean port city will one day wind up at the foot of one of the country’s most buzzed-about development projects: a mega-refinery that will transform Ecuador into a formidable force in the region’s oil and gas industry. When the grand structure is...

  • Nepal Connections: Asan Bazaar a Testament to Earthquake’s Upheaval, Nepali Culture

    The choice of left or right makes a world of difference when walking away from the Tibet Guest House in the capital city's famous Thamel district. Turn left, and a spider web of roads wends through a trekker's outdoor mall. Tiny shops spill North Face travel bags and down jackets, Nikon camera lenses and brass Buddha statues, Ghurka...

  • Tourists Abandon Ghana Despite Its Successes Against Ebola

    Each evening the fishermen set out in their hand-carved wooden boats. By nightfall, the horizon is dotted by a long row of small lights, their own constellation. Fish are caught, the haul is sold in markets and life continues. But one group is noticeably absent from Elmina and other towns along Ghana’s coast – tourists. ...

  • To Get People to Build Toilets, Turn to Subsidies

    The one public bathroom in Ponkrum collapsed a few years ago. An effort to build a new one yielded a large pit that is used for trash, not defecation. For the people living in the small village near the Ghanian coast, there is no other option than going out in the open. They are a part of the 15 percent...

  • Few Jobs Despite Booming Mozambique Economy

    Women sell charcoal at a market - one of hundreds ringing the Mozambican capital, Maputo. Photo: Getty Images Beto Magumane Cossa was orphaned at 14 when his father was killed by a woman with whom he was having an affair. Alone and with no other family living in Magude, a rural district 155km from the capital Maputo's shopping malls...

  • A Boon for the Women of Ecuador

    For the 60,000 residents of this rural county of green hills and small villages, migration is something of a rite of passage. The share of Cañar’s people leaving the country is greater than that of any other district in Ecuador. More than 70 percent of its households receive remittances every month, and rely on them to cover basic...

  • A Boon for the Women of Ecuador

    For the 60,000 residents of this rural county of green hills and small villages, migration is something of a rite of passage. The share of Cañar’s people leaving the country is greater than that of any other district in Ecuador. More than 70 percent of its households receive remittances every month, and rely on them to cover basic...

  • Did Russia Really Boost Its Birthrate by Promising New Mothers Prize Money and Refrigerators?

    Russia is hardly the only country with worries about population decline—birthrates are falling below the replacement fertility rate in nearly every industrialized country in the world. Russia, though, has faced a significantly more dramatic demographic bust than most places. Thanks to a combination of low fertility, high mortality rates, and emigration, the Russian population declined by...