As USA is the global leader in technology and other sectors the election results would bring change all over the world. With the presidency in line and the difference in the ideas of the Democratic and Republican who ever would have come in the power will also affect the Europe market as well. Now Since Biden won the election we could see a drastic shift in the Europe mark
Shedletsky’s article discusses why electronic supply chains, especially chains who sells into the US, are staying put after tariffs imposed by the US and combating the pandemic. The US aims to pressure companies to move their supply chains out of china with the imposition of these tariffs. Some companies have responded by moving small parts of their supply chains. Most have stayed put for now because of the on going pandemic.
Manufactures are more concerned with risk when it comes to making choic
Rising geopolitical tensions among economies creating a space for rising economic risks and driving down productivity and innovation for all. Since the past year tariffs are used as a trade weapon, the US has imposed duties on $360 billion worth of Chinese products, although China has set retaliatory tariffs on $110 billion of US goods. This not only affects the US-China trade relations but will also harm US businesses which have ties with Chinese firms. With the new tariff policies spread to ot
The coronavirus pandemic has greatly affected the world with more than 10 million cases in the US as of today. The US economy continued to function with employment increasing in January and February even when it's first coronavirus case was documented in Jan 21. The delay of a lockdown and its intensity which only took place in March, cannot be overlooked as the reason for the many cases in the US. Lockdowns slashed incomes and wealth for about half of all Americans as nonfarm payroll shed 1 mi
With the presidential election happening, it sets the concern of what are the views of our future president in regards to not only the US Economy, but the Global Economy? With Trump as a president, he has been very aggressive and has demanded for what he believes will benefit the US. Now that Joe Biden is the President Elect, he has different views. Biden is a supporter of free trade and believes Trump's tariffs are “damaging” and “reckless”. Biden wants the foreign policy to accommodate the mid
This is a December 2019 interview with Paul Krugman. It discusses issues from health care to energy. One main global economic challenge is energy and environmental security, and Krugman suggested it as a good place to start, for the next Democrat president. Did he know the next Democrat president would, most likely, start now?
It is an issue that concerns everyone. As governments hav
As COVID-19 cases begin to spike all over the world again, the global economy might be in more trouble since foreign direct investment is the key driver for trade and development.
According to UNCTAD’s latest Global Investment Trends Monitor released on October 27th, global foreign direct investment fell 49% in the first half of 2020 compared to 2019 (UNCTAD, 2020). This hits home because developed economies like the United States have seen more of decli
Why the Biden Economy Could Be the Same Long Slog as the Obama Economy: https://www.nytimes.com/2020/11/08/upshot/biden-economy-obama-comparison.html
With the 2020 Presidential election coming to an end it's clear that a question on most American's minds are "what's next"? The unexpected results of what the economy will look like after the destruction of this pandemic has caused, has been a major talking point leading up to the election. Now that Joe Biden is the projected president for the next
Raymond’s article discusses the sudden halt to the Chinese financial technology company, Ant group’s, initial price offering (IPO) earlier last week. Ant Group, which had created an app which facilitated quick loans and fund transfers, was on the cusp of being one of the most exciting and profitable IPO’s of the past decade. However, after the company founder, Jack Ma, publicly criticized the Chinese government’s financial regulators the company was pulled from the Shanghai Stock Exchange. Zhong
The U.S. has recently had a spike in Covid-19 cases, and the amount of cases globally has surpassed 50 million. The U.S. alone has over 10 million positive cases putting us around the 20% mark of total cases. The new 7 day average now exceeds 100,000 per day and appears to be the worst wave of the pandemic we have encountered since the beginning. President Biden is expected to name his Coivd-19 task force on Monday and appears to adamant about getting the situation under control. With this outbr
What Biden would bring India
A Biden administration will result in more productive relations between the two countries. In a recent speech, Biden pledged to make a U.S.-India strategic partnership a “high priority”. This included prioritising a strong partnership with India.
India’s major ask from the incoming Biden administration would be the restoration of GSP benefits, as well as the removal of tariffs on steel and aluminium. However, there is little likelihood of even a limited trade deal bet
Pandemiconomics: Why the Coronavirus Is Driving the Next Fiscal Policy Problem
During covid-19, central banks are taking a hit an are struggling to distribute monetary policy to the economy. With covid-19 affecting billions of lives, we needed support (fiscal policy) from the government to help individuals, businesses, etc to help stay afloat as many were hurt financially from the pandemic. This leads to the question “When will we receive another stimulus?”. The first cost around $8 Trillion. The
Due to the impact of Covid-19 on the global tourism industry many countries have suffered financial hardships. The United Nations World Tourism Organization forecasts global international tourist arrivals might decrease by 58% to 78% in 2020.
Barbados Economic Challenge
The economies of Island nations like Barbados (a tropical paradise located in the Caribbean) rely heavily on tourism for revenues. Over the past decade tourism contributed approximately 33% to the island’s GDP, in 2019 the contribu
This article summarizes the US-China trade war. The US has placed tariff on more than US $250 billion worth of chinese goods and has threatened tariffs on another $300 billion. China has retailated placing tariffs on their own on billions of dollars worth of US goods, including alchol, fruit and pork and experts call this a trade war. Also the US placing tariffs on China will make more chinese goods expensive in the US.
China, formely the biggest buyer of soybean in the world has stopped purchasi
For over 10 plus years now Egypt and Ethiopia have been going back and forth negociating over a Niel dam project. The Nile river is the only river witch travels south to noth and it beings in ethiopia makign its way to egypt. Ethiopia bulding the dam would help them provide elctrisity for many of their citizens and have controls of resource and crops to trade. This would increase their trade relationships with other countries and they have negciated to do that with Egypt. In addition, for all th
Regardless of who has been in power in Washington or Delhi, India’s relations with the US over the past two decades have largely remained politically smooth with the only problem being in trade and immigration issues. US President Joe Biden had boasted his support for India-US partnership under the Barak Obama administration. Difficult economic conditions that prevail at home and abroad will like to be the driver of his foreign policy priorities. In the past four years, President Trump and Prime
The pandemic has changed the way organizations and businesses around the world manage their supply chain and their businesses as a whole. They now understand the importance of being able to adapt, react, and manage a crisis when outcomes are uncertain.
Due to the economic lockdowns and restrictions across the world during the early days of the pandemic, companies, and businesses are now in a "recovery mode". This pandemic has shown the importance of investing in a strong supply chain to build str
As they say, for every action there is an equal and opposite reaction. Whether they push the second lock down or not it would always affect the economy.
it is just a matter of priorities. I think the best option would be to have short lockdown or some restrictions, but some business and establishments would
still be open to sustain the economy with of course,following safety and health measures.
A second lockdown will help governments to control the pandemic, as they will take a shor
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