China’s Ant financial gets a base of connections with many developing countries. Like Money Gram, Ant, serves as a way for immigrants to send money back to their home countries. Ant has been moving to the developed countries as well, allowing for investments in India and Thailand. Remittances have followed the growth of emigration. 

This article reminds me of remittances. As learned in class remittances allow us to see the type of immigration that occurs. It also tells us that immigration occurs when people in underdeveloped countries are looking for a change and growth, but can’t do it in their own country; resulting them to leave to a developed country. 

 

China has been looking to develop and expand its tourism. China Is looking to move away from a debt-fueled position to an investment-driven growth. In order for this to occur, China has come up with the idea of “toilet revolution,” this is to boost tourism and lift the sector’s contribution to economic growth. 

This article reminds me of the topic of tourism. As we know many underdeveloped and developed countries depend on the tourism economy in order to in a sense “stay alive.” China would be known for its “Bell” tourism. We can see that they tend to do nation branding.  

 

UK has increased its borrowing plans for 2020, borrowing 29.1 billion pounds more than it expected eight months ago. It is said that deficit will shrink and next year it should be below 2%.GDP will grow by 1.5% in 2017. With this deficit inflation has increased rapidly, but wages on the contrary have not kept up. 

This article reminds me of financialization. Although Britain is not an underdeveloped country, the Brexit has been tough on Britain having them borrow money in order to pay debts and rebuild. We can see that high interest are in place, the cost of borrowing is up, and the risk is high for Britain. 

 

Saudi Arabia money has been investing millions/billions of dollars in the Tech companies. Many companies such as Uber, Lyft, Twitter, Facebook, etc. have been funded by SoftBank, where Saudi money is being invested in. Money is being taken from the Saudis simply because the money is there. 

This article reminds me of financialization in a way because money is being invested into another country in order to develop or increase the tech economy. We can tell that it is unclear where this money is coming from, but these banks are simply responsible for placing or letting companies borrow this money at some determined interest rate and terms. 

 

China as recently offered loans to Djibouti, located in the Gulf of Aden, one of the busiest shipping routes linked with Europe to Asia and Middle East. China refers to it as its logistics facility due to its geostrategic position because it brings stability for Asia, Africa, and Middle East. China has deep economic interest in Djibouti. 

This article ties up many concepts together. China investing in other countries due to the trade it brings to the region. This also serves as a logistics destination that benefits the Middle East economy, but also globally allowing for open trade.