Category: Economies
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The Belt and Road Initiative: Unveiling the Hidden Challenges and Unanswered Questions
Introduction The Belt and Road Initiative (BRI), launched by President Xi Jinping in 2013, is a vast endeavor to foster connectivity, infrastructure development, and trade between Asia, Europe, Africa, and beyond. Over the past decade, the BRI has faced numerous challenges, received both praise and criticism, and has evolved in…
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Who will be Driving Global Growth and Need to Overcome Challenges through Strategic Reforms
According to the International Monetary Fund’s (IMF) World Economic Outlook, the most important countries that will drive global growth are China, India, the United States, Indonesia, and Turkey. These five countries are expected to contribute more than 50% of the world’s GDP growth by 2028. China is projected to grow…
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Weathering the Storm: The Resilience and Adaptability of Oil-Based Economies in the Face of COVID-19 – A Focus on the Middle East and Saudi Arabia
Introduction:The COVID-19 pandemic hit the global economy with unparalleled force, reverberating across various sectors and geographic regions. Among those most affected are oil-based economies, which heavily rely on oil exports and revenues. This article explores the profound impact of COVID-19 on these economies, with specific emphasis on the Middle East…
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Manufacturing Sector in China: Challenges and Outlook
According to the United Nations Statistics Division, China accounted for 28.7 percent of global manufacturing output in 2019⁴. That puts the country more than 10 percentage points ahead of the United States, which used to have the world’s largest manufacturing sector until China overtook it in 2010⁴. However, China’s manufacturing…
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Navigating Economic Challenges in the European Union: Strategies and Resilience for Sustainable Growth
Navigating Economic Challenges in the European Union: Strategies and Resilience for Sustainable Growth IntroductionOver the past week, the European Union (EU) has faced significant economic challenges that demand immediate attention and coordinated efforts. From post-pandemic recovery to geopolitical conflicts, these issues require effective policy responses from both EU authorities and…
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India 2047: A Vision for Economic Transformation and Global Leadership
Introduction India’s rise in economic power and global influence has been widely acknowledged, with projections suggesting that by 2047, it will emerge as one of the largest economies in the world. This article explores the potential factors that could shape India’s journey towards this ambitious goal and examines the challenges…
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Inflation in Canada and Its Future Prospects: An Overview”
Inflation is the general increase in the prices of goods and services over time. It affects the purchasing power of money and the cost of living. The main measure of inflation in Canada is the Consumer Price Index (CPI), which tracks the changes in the prices of a basket of…
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Navigating the India-US Technology Trade Dispute: Analyzing India’s Import Licensing Requirements
Introduction:In recent years, global trade has witnessed several disputes and conflicts, primarily fueled by protectionist measures adopted by nations to safeguard their industries and promote domestic production. Among these, the trade dispute between the United States and India regarding India’s import licensing requirements on laptops and other electronic products is…
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