Recently, the world economy has slowed down as a whole in terms of growth rate. This slowing can be partly atributed to the trade war going on between the US and China. China, who has the second largest economy in the world has seen their growth drop to its lowest rate in almost 30 years. While there is still hope a trade deal could end this slowing, one thing that economists are looking at as a key piece to avoiding a global economic crisis. According to Morgan Stalney, emerging markets are pro
There is no secret that this past year there has been some economic slowdown in comparison to what we have seen in the last decade. Coming off the great recession we saw extreme growth that has been happening for the last eight years or so. This growth so far has been stable because of different policy that was implemented to sustain it as well global trade helping that cause. In the recent year and a half our trade war has resulted in some economic drawbacks. Putting tariffs on china as well wi
Civil disobedience and public demonstrations have existed for centuries and they have always left some kind of impact on the surrounding environment. As we move into an age where people are more intentional and explicit with their values and expectations, we have seen more demonstrations in support of and against people, policies, institutions, and other things. Now that we are so highly engaged in globalization, we should consider how these protests affect the global economy.
Take Haiti. The c
According to a new study by the Economist Intelligence Unit, the world economy could shrink by 3% by 2050 due to climate change. Climate change is having huge effects on the world and its economy. Larger and more deadly storms are happening more frequently, causing major damage to both nations and their ability to deal with them. Storms and rising sea levels are hurting maritime shipping across the globe as ports are being flooded out and shipping has to navigate and delay around these new super
On October 18th, 2019, the World Bank Group (WBG), through the International Finance Corporation (IFC) has launched at its headquarters in Washington DC a panel on women economic empowerment. According to David R. Malpass, President of WBG on the panel discussion, there are ways that will create opportunities for women entrepreneurs and allowing women to participate fully in society and the economy. One of the WB's mission is to create a powerful tool to get women out of poverty by starting and
In a year from now the US will elect the new president. The US economy will play a major role in the elections. If the US economy continues to be strong, as t is now - that unemployment is in a 50 year low and the stock market is at all-time high, then most likely President Trump will get re-elected for a second term.
"If the economy a year from now is the same as it is today, or roughly so, then the power of incumbency is strong and Trump's election odds are very good, particularly if Democrats
The German economy has steadily been in good standing if not at a prime due to the location for trade, easy laws for investment, and consumer confidence with their economy; however in recent time Germanany's industry has been affected by the US-China trade war, uncertainty over Brexit and disruption in the car industry caused by new emissions rules and the shift to electric vehicles, and the slow growth of the world also factors due to globalization. People are now becoming a bit worried and fee
"The debt is growing faster than the economy, than the nominal GDP, and ultimately, in the long run, that's not a sustainable place to be". Jerome Powell, Federal Reserve chair, was only speaking about the United States economy with these remarks, but they have broader implications. In the first half of 2019, global debt rose by $7.5 trillion, of which more than sixty percent was attributable to the United States and China. At the end of June, the debt hit a high of $250 trillion which is equiva
Trump’s approach and demeanor towards trading and tariffs relating to other nations have damaged relationships. A notable relationship that fluctuates a lot is the United States and China. If Trump imposes several tariffs because of the differences in trade practices and theft accusations, both the United States and European Nations will suffer should the ensuing trade war carry on. Many have stated that the tariffs on allies for the import of steel and aluminum are as unfair even if he states w
The global investment company Pimco has stated in a recent report that a possible 1stphase of a trade deal between the United States and China could be reached before Christmas time this year. The biggest block in the negotiations that is causing issues is the Chinese governments displeasure in US President Donald Trump’s tariffs he has placed on China, and how he hasn’t laid off them at all yet. Pimco’s managing director, John Studzinski, stated that he believes the deal will get done because
Foreign Direct Investment plays an essential role in the economic development of a country. In 1991, Liberalization, Privatization, and Globalization aimed at making the Indian economy a faster-growing economy and competitive.The private sector is the lifeblood of economic activity in India, which is energetic and well spirited. Under the new economic policy, India provides an open and liberal economic atmosphere and offers substantially scope for foreign direct investment, and coll
India’s top main exports are Crude Petroleum, Diamonds, Gold, Coal, Petroleum Gas. Trade opportunities between India and the US would be historic where trade rules need to be examined including trade relationships. On the trade front, one of the main focus for President Trump's administration has been to reduce trade deficits with countries and that included renegotiating some of the existing trade agreements. Washington is also engaged in long trade war with China where both countries have app
The United States economy has continued to surprise many people. The stock market continues to move towards all time highs and the Dow Jones Industrial Average has closed above 28,000. There have been many economic factors that have driven the economy through the third quarter. One of these factors being a surprisingly good third quarter reports. While many people expected these reports to be less than great, many companies continued to beat expected earnings. However, even with great reported e
Africa’s energy deficits are pretty well known, however, of recent we have been hearing a lot of policy makers talk openly about nuclear power on the continent. Many kept wondering who the potential supplier would be – China or Russia and if the United Nations would approve it. While many top trading countries continue to fight over investments in Africa, Russia has been wooing African states in an attempt to gain influence in the continent and earn billions of pounds and have beaten their compe
Hedge fund titan Ray Dalio said trade war has been going on between the US and China for the past two years, would develop into a full-blown capital investment war that could eventually lead to changes in the global reserve currency. The economic war between the world’s two largest countries could soon turn into a melee for the dollar’s long-term status as the world’s preferred form of the exchange rate. “There is a trade war, there is a technological war, there is a geopolitical war, and there
The global airport industry has been ever growing since planes were taking off and landing in grassy fields. People realized the potential these machines had to expand the world and transport people and goods around the globe faster than ever before. Now, more people are flying on a daily basis than they ever have; with planes being able to land in regions they never had before. This trend has set forth a global demand for better designed, better equipped and in general more airports around the
The article taken into consideration deals illustrates whether U.S. President Donald Trump would impose the tariff on European car manufacturers or not. According to Jean-Claude Juncker, who is the outgoing president of the EU commission, the president of the united states had only time till November 13th to decide upon is the tariff is to be levied or not. However, the EU Commission believes that the tariff would not be imposed even if Donald Trump ruffles a bit. It has been observed that the t
Since the failed fixed-rate system of Bretton Woods in 1971, the US has always been in the center as the focus of the global monetary system. Large countries usually float their currencies, and smaller sizer alleviates theirs to the US dollar. The dollar has some form of dominance in the world. It is the highest used currency in the world, with euro following behind.
When currencies are stabilized to the US dollar, it means these countries can be at an advantage, gaining the opportunity to lower
Jerome Powell, the Federal Reserve Chair said, "The Fed won’t be able to fight the next recession all by itself — it’s going to need help from Congress." (Smith, 2019). It is true what Powell said, that the fiscal policy will play a huge role in any response to the next crisis, however the Fed also needs a better monetary agenda. With the current economic conditions, it will be hard for the Fed to lower interest rates enough to completely alleviate a recession. Historically during a downturn, th
When sitting in an economics class at any University in world, students are continuously taught about the on goings of cultures and economies other than their own, but it is always taught and perceived from the point of view of their home country. Although the policies and statistics remain the same no matter where you are learning the information, the message and purpose can easily be shifted by the country the lesson is given. In the Global Economy course I am currently enrolled in at t
Note: this page contains paid content.
Please, subscribe to get an access.