TOPIC BRIEFS

Tackling the issue of energy insufficiency in small island developing states

Islands located in regions such as the pacific, Atlantic, Indian, and other parts of the oceanic world currently struggle the impacts of energy insufficiency; the lack of access to modern energy services. Within the small island developing states (SIDS), its estimated that around 70% of the native islanders do not have access to proper electricity and up to 85% not having access to clean energy technology for cooking. This lack of electricity greatly impacts the SIDS in terms of health care, cleaning, education, transportation ETC.

Moreover, this energy insufficiency in these SIDS limits their access to develop export and trade of their natural resources. For example, Fishers cannot preserve fish as they cannot be refrigerated, and islanders are unable to use the modern equipment in order to engage in efficient agricultural and production. The most traditional approaches of expanding access to electricity in developing countries typically includes grid extension, whereby national power transition systems will be expanding to larger locations via increased networks. However. Due to the fact that SIDS typically have their populations are spread across multitude of islands rather than just one- grid extensions are therefore not a feasible method of solving the issue of energy insufficiency. In reality, in order to provide the Native islanders more access to energy outlets within the SIDS, proper funding, research, and innovative solutions are necessary.

The question of protecting world economies from crypto-currencies

The socio-economic impacts of population aging in maturing countries:

Population aging refers to the increase in the average age of a population within a country. Population aging is a direct result of the global decrease in fertility rates (as a result of increased development and education) along with a rising life expectancy. The number of countries with higher average populations of ages 60 and above is expected to increase continuously throughout the coming generations. However, rapidly aging countries such as Japan, Korea, Australia, and even the United States of America, face the economic implications of an increasingly older country.

For a start, an aging population results in a decrease in the working age population and the labor force participation rates. This is due to the smaller number of able Youth and subsequently, lesser numbers of people entering into the workforce. Along with this, larger number of older people also results in a larger amount of the country’s economic funding being targeted specifically towards health care costs and elderly housing. For instance, In the United States of America, the average cost of healthcare for a 65-year-old individual average at around 11.3 thousand (per person). Furthermore, pension benefits, publicly funded programs, and even simply senior discounts, all place economic strain on countries as retirees live on incomes with smaller tax brackets than those of younger, working individuals. As a result, higher spending commitments are being sent on the older age demographics. Therefore, maturing countries are actively looking for solutions to help with the economic implications of an aging population.

In simple terms, crypto currency is a digital currency of several types in which transactions are validated and records are maintained by a decentralized system based on supply and demand. This digital currency is a threat to all countries around the world. Why? Because crypto currency is not dependent on centralized authority but on the people’s demand and the currency’s supply. This means that governments, especially the United States’ government will not be controlling such a currency as it is doing right now. This is a great ultimatum to all countries, therefore all countries are looking forward to coping with such calamity to prevent any further marches of crypto currency.