Paradoxical Nature of Israel-Palestine Economy

by Geetika Nagpal


Since the birth of the yet-to-be-acknowledged Palestinian state, the violent conflict between Jew-dominated Israel and Palestine is yet to meet its end. The negative impacts of this raging hostility have rippled through generations and trickled down to all layers of the economy over time. The conflict has been intertwined with fluctuations in the productivity of the two economies as well as their governmental structure.

Coming Clean on Money Laundering

by Charumati Haran

Recently, the Hong Kong and Shanghai Banking Corporation (better known as HSBC), Britain’s biggest bank, was caught in a money laundering scandal. It was forced to pay a record $1.9 billion as fine. The allegation was that HSBC allowed drug lords and potential terrorists to launder millions of dollars through their bank. The penalty also includes a five-year agreement with the US Department of Justice under which the bank will appoint an independent monitor to assess internal controls. Various executives also have to forgo their bonuses. The bank itself has apologized for letting it happen and spent a great deal on reforms.

Organ Trade: To be or not to be?

by Charumati Haran

“A family which lost a 21-year-old son to an accident has bravely put its grief behind and come forward to give the gift of life to others. At its own initiative, the family asked doctors to harvest the son's organs - a decision that will help at least 34 people.”

This excerpt is from an article by the Times of India on 12 December, 2012. While this is not the place to discuss whether organ donation is right or wrong, it does lead to the interesting topic of organ trade. When organ donation is so successful and needed, why not legalize organ trade and create a market in it? This article seeks to discuss organ trade and its economic implications.