Economic Meltdown It was in 2001 when the World Trade Center came crashing down along with the other terrorist attack in Washington initiated a response that sent the world and the United States into a recession. Businesses across the spectrum hit the panic button and started laying off thousands all across the United States. It […]
The Negative Economic Effects of the Coronavirus Pandemic The negative economic after-effects of the Coronavirus Pandemic is resulting in huge financial struggles, that could potentially be worse than the Great Depression of 1929. Covid-19 is wreaking absolute havoc on a global scale with millions of people under forced lockdown, and businesses going bankrupt. The following […]
China’s Mercantilism and New Global Economic Order Modern communication technology has allowed China to achieve a centralized bureaucracy that has a smaller chance of becoming overextended and too top heavy. The danger, of parts of central government melting into regional structures with rebellious consequences, is diminishing every year. The risk is not totally gone however […]
India Lockdown: Economic Inequalities Make The Poor The Hardest Hit! The stark economic inequalities in India make the poor the hardest hit-in any calamity that strikes, the Lockdown in the wake of the spread of Coronavirus being no exception. As per a study by Oxfam International in 2017 about 1% of the population held 73% […]