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This article review provides an insight into the main signals that will be responsible for the coming recession that will start from developed countries and will reflect negatively on developing countries that witness a decreasing level of development. The paper starts with the main seven signals that will initiate the recession. The second section will provide an analysis of the applied procedures and the economic reform that the government adopted to attract investment to overcome the previous and the coming challenges. Finally, the paper provides future expectations and paths for developing countries to overcome the recession.

The paper provides an analysis of one of the feeblest countries that were once one of the richest. The country is actually facing several economic and political crises. This crisis originated from the continuous communist economic system and its’ heavy dependence on oil as a source of revenue. The dependence on oil and the absence of other sources put the country at high risk not for the country only but for the whole region. The paper provides an overview of the reasons for escalating the current situation and its implications on the neighbor countries and a conclusion reflecting the foreseen possible economic situations way out.

“Prevention is better than cure” is a proverb commonly used to highlight how it is better to avoid a problem from the start rather than fixing the damage afterwards. When considering this concept to our approach to the environment, we encounter two schools of thought; Ecocentrism and Technocentrism. Ecocentrism places the ecosystem at the center and stress that we need to limit our natural resource exploitation, so that we can conserve the environment and prevent its destruction. Technocentrism, on the other hand, focuses on technology and science as a way to repair any damage done to the environment rather than changing ethical perspectives on environmental issues. This paper seeks to explore the two ideologies by comparing between Finland and Bhutan; two countries that seem to resemble the two approaches. Finland is considered one of the highly technologically advanced countries, in addition to its reputation for environmental protection. Bhutan is a Himalayan Kingdom that is known for its strong environment conservation and their intriguing approach to sustainable development. The paper compares between the two countries sustainable development approach, environment, and health. It was concluded that, in terms of the environment; Bhutan is doing much better than Finland. Finland’s carbon emissions reduction was mainly because they produce goods in other countries which increase the other countries emissions not Finland. Additionally, high consumption levels in Finland are a major threat to the environment. As for health, there is no extreme difference; however, Bhutan’s health care system is still improving. Yet, the two countries are facing serious issues regarding mental health. Ultimately, the ecocentric approach appears to be much better; especially, in this day and age as many downsides of technology keep unfolding.  

This paper defines and examines the Garett Hardin’s concept of the Tragedy of the Commons. First, an introductory to the concept is presented along with an extensive critique on Hardin’s 1968 impactful publication. Second, although the tragedy of the commons belies in the field of environmental economics, an extensive research is conducted on how the concept has naturally extended to other cornerstones such as Philosophy, Ethics & Morality, and human behavior. The objective of this paper is to not see whether the concept is dubbed correct or erroneous, but rather urge readers to take a collective stand regardless of the universal validity of the concept and shed some serious insight on the hazards of climate change and pursuit of self-interest.