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There are four main types of economies in today’s world. 1. Traditional Economic System A traditional economic system is the best place to start because it is, quite literally,…
Consumer surplus is basically an economic measure of consumer benefit, which is calculated by analyzing the difference between what consumers are willing and able to pay for a good…
Actions taken by industrialized nations to lessen global warming by curtailing the use of fossil fuels gained momentum in June 2015. The leaders of the G7 industrialized nations…
I had a chance to watch Myanmar’s reforms after 2011, however, I feel like the Government of Daw Suu Kyi seems to be hailed to high comparing to current standard…
Every country has a central bank, well, about 99% of all nations have one. Central banks control interest rates on money and thus, determine the price (or exchange rate) of money…
First, there is no official way to leave the United Nations. There is simple no clause or article in the UN charter, no resolution and no public statements or procedures regarding…
Saturday, May 13th, 2017 Article By: Hafsah Jahan Democracy: Giving power to the masses. It was a doomed sick love story right from the start. We’ve all heard the story of how Democracy…
Saturday, May 13th, 2017 Article By: Lakshya Narula Japan’s central government is more than 1,000,000,000,000,000 Yen in debt ($11 Trillion), which is about 245% of its GDP (Gross…
India has been a critical part of the United Nations ever since its conception. Yet, after countless tries to be a permanent member it has been denied every single time….
Donald Trump came out recently with arguably his first real decision on his relatively protectionist, isolationist and anti-globalist foreign policy. He decided to withdraw…