LOM Financial (Bermuda) Limited

Image source: aliantlaw.com The world is entering a new economic order and the former major players are starting to recognize the strength of an emerging economic powerhouse that’s been slowly but surely making its way to the top—Africa. Ranked as not only the most resilient in the world, many African countries have been predicted to become the fastest growing economies because of the region’s massive number of opportunities for foreign investors and their potential to be the world’s most dynamic player. The credits go to the Africa’s focus on both social and political reforms that are transforming the region into a top business and trading hub. Furthermore, the progressive development of vital social and political infrastructure has contributed to high-quality workforce, business-oriented young population, and the fast-emerging middle class that have significantly boosted the region’s spending power. Image source:economist.com The rise of Africa as an emergin...

Image source: countrynavigator.com Globalization has paved the way to a limitless mobility of people from around the world to move and find refuge, be it for political or economic security, from their country of heritage to a foreign land. Diasporas have made some of the world’s biggest cities into huge cosmopolitan centers, serving as melting pots for a great diversity of cultures, backgrounds, and ways of life. Cities like New York, London, Dubai, and Hong Kong have a substantial percentage of  expatriates living and working within their boundaries. Although the motivations of such mobility may be personal , there are ways in which groups in diaspora unknowingly help their countries of origin, especially in terms of social and economic impact. This is because they maintain their connections to their homeland and in many instances, they preserve a legal identity as well as establish a socioeconomic presence in their country of origin. In turn, this type of migration h...