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Regional Financial Institutions

Regional Financial Institutions, New Development Bank, and Asian Development Bank: Role, Objectives, Purpose, and Goals

Admin015 mins

Introduction Regional Financial Institutions (RFIs) play a vital role in shaping economic stability, promoting development, and supporting financial cooperation within specific geographic regions. Unlike global financial institutions such as the International Monetary Fund (IMF) or World Bank, RFIs focus on addressing the unique developmental needs of their member regions. Among the most significant RFIs are…

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Global Economic Cooperation

Global Economic Cooperation: Understanding G20, G8 (Formerly G7), OPEC, and APEC — Structure, Functions, and Goals

Admin114 mins

Introduction In the modern globalized world, international cooperation has become essential to address complex economic, political, and environmental challenges. Nations are interconnected through trade, finance, energy, and diplomacy. To promote stability, growth, and mutual understanding, several international organizations have emerged. Among these, the Group of Twenty (G20), Group of Eight (formerly G7), Organization of Petroleum…

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United Nations Conference

United Nations Conference on Trade and Development (UNCTAD): Role, Objectives, and Global Importance

Admin019 mins

Introduction The United Nations Conference on Trade and Development (UNCTAD) is a vital organ of the United Nations system established to promote the integration of developing countries into the world economy in a fair, balanced, and sustainable manner. Formed in 1964, UNCTAD has served as a permanent intergovernmental body focusing on issues of international trade,…

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Trade Tensions and India’s Path

Trade Tensions and India’s Path

Admin013 mins

Introduction The global economy has become increasingly interdependent, with international trade serving as a lifeline for growth, industrialization, and technological advancement. However, this interdependence also exposes countries to external shocks arising from disputes between major economic powers. The U.S.-China trade war, which began in 2018, has been one of the most significant disruptions in the…

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U.S. tariffs and reducing import dependency

India’s Export Dilemma: Tackling U.S. Tariffs and Reducing Import Dependency

Admin013 mins

Introduction In the globalized economy of the 21st century, international trade forms the backbone of economic growth for both developed and developing countries. For a country like India, which is steadily moving towards becoming the world’s third-largest economy, exports are not merely a source of foreign exchange but also a driver of industrial growth, employment…

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uppcs magazine

Global Economy Under COVID-19

Admin012 mins

Introduction The COVID-19 pandemic, which emerged in late 2019, caused an unprecedented global crisis, affecting health, societies, and economies worldwide. While the immediate concern was the health emergency, the pandemic also led to one of the most severe economic downturns in modern history. Nations across the globe faced economic contractions, business closures, job losses, and…

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