Economy

As of early January 2019, the total global debt was nearing US$244 trillion, exceeding 300 percent of world GDP. (Image:  International Monetary Fund  via  wikimedia  CC BY-SA 3.0)

The World Is Sinking Into a Debt Crisis

As of early January 2019, the total global debt was nearing US$244 trillion, exceeding 300 percent of world GDP by the third quarter of last year. This has made the International Monetary Fund (IMF) issue warnings to the world governments…

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The World Is Sinking Into a Debt Crisis

As of early January 2019, the total global debt was nearing US$244 trillion, exceeding 300 percent of world GDP by the third quarter of last year. This has made the…

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What Lessons India Can Learn From East Asia

India has been touted as the next superpower, destined to follow in the footsteps of other Asian countries — like China, Japan, and South Korea — to become a highly…

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Trans-Pacific Partnership Goes Into Effect Without the US

A New Trans-Pacific Partnership (TPP) comprising 11 nations, dubbed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), came into force effective December 30, 2018. In countries like Australia, Canada, Mexico,…

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What Are Tariffs and Trade Wars?

Free and open trade between countries is a crucial ingredient that can help to maintain a real-world marketplace. Many states have strong trade partnerships, and that creates a win-win situation…

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US Advisor Wants China Removed From the WTO

An economic advisor to U.S. President Trump has suggested that China needs to be expelled from the World Trade Organization (WTO) because of its misbehavior. China has long practiced a…