Category: Economics, Development & World Trade
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ARGENTINA AND ITS ECONOMIC SURGE DESPITE PANDEMIC: LESSONS TO LEARN
An economic overview: GDP, Industries and the fallout With a GDP of approximately $455 billion, Argentina is the third-largest economy in Latin America, behind Brazil and Mexico. Moreover, with an abundance of natural resources, like fertile land and gas reserves, it is one among the three countries that form a part of the Lithium Triangle…
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NATIONS AND PROBLEMS IN GLOBAL TRADE DURING PANDEMIC
THE GLOBAL TRADE Incorporation into the global economy through global trade has been acknowledged as a potent tool for promoting economic growth and alleviating poverty in developing countries. This is because trade has been the primary source of growth for various countries for a very long time. Today, the world economy has become more integrated,…
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ASIA’S PANDEMIC BILLIONAIRES: THE HISTORIC WEALTH GAP BETWEEN RICH AND POOR
What is deadlier, the Sars-Cov-2 virus pandemic or inequality? Living in the COVID-19 ridden world for about two years, I will stick to inequality. Each day for the past two years, we saw, heard or read about someone’s suicide. The primary reason is a financial breakdown. Yet, these same news media praised the two billionaires,…
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Protectionism and World Trade: A study of China and US
The Covid-19 pandemic has resulted in widespread economic uncertainty all around the world. This uncertainty and the pre-Covid US-China trade war have severely impacted the global economy, with many countries adopting protectionist measures. This includes significant economies such as the US, European Union (EU), United Kingdom (UK), Japan, India, etc. Although the policies and regulations…
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Understanding The Economic crisis of Sri Lanka- The Way Ahead
Sri Lanka, a beautiful island country surrounded by the Indian ocean, Palk Strait, Gulf of Mannar lying in the vicinity of India and Maldives, is facing an acute economic crisis. A country known for its beautiful beaches, mountains, scenic beauty, tea, and warm smiles is grappled with a financial emergency. The acuteness of the situation…
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COVID-19 and its impact on the global labour market.
Without a doubt, the Covid-19 pandemic has produced one of the world’s biggest job crises in the labour market. Causing a significant risk that exacerbates poverty and extends disparities, with long-term consequences. COVID-19 is not a piece of news for us anymore. Originating in Wuhan, China (2019), Covid-19 engulfed many countries worldwide, causing severe distress…
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PROTECTIONISM TO FREE TRADE: INDIA’S FTA WITH UK AND AUSTRALIA
FTA’s have been all over the news lately, right from strengthening existing ties to forging new ones. This makes one wonder what is an FTA? and why is it becoming the new buzzword in world economics. Let’s understand this through detailed scrutiny of India’s potential FTA with the UK and Australia. The 1991 Liberalisation, Privatisation,…
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THE GREEN DEAL: EUROPE AND ITS DREAM OF CLIMATE NEUTRALITY
The recent climate conference at Glasgow (COP26) ended in a hassle, bringing the commitments, targets, and efforts of Europe as a regional entity to the forefront. It was not far in history when discussions on climate change at an international level gained momentum in the 1970s significantly after the Stockholm Conference of 1972. Let us…
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Panama, Pandora & Shell Companies: The game of the rich
The surprising reveal of Pandora papers, when the shockwaves of Panama paper was yet to be absorbed, clearly shows that the nation-states and the global community have failed to contain shell companies and laundering in wealth. “Massive poverty and obscene inequality are such terrible scourges of our times — times in which the world boasts…
