Introduction In the era of globalization, nations are increasingly interconnected through trade, investment, and technology. However, global trade is often threatened by tariff wars, a type of economic conflict where countries impose taxes on imports to protect domestic industries or retaliate against trade practices deemed unfair. Tariff wars are a subset of trade wars, with…
Introduction Trade wars have emerged as a significant aspect of global economic policy in the 21st century. Unlike conventional warfare, trade wars are economic conflicts between nations, primarily manifested through tariffs, quotas, subsidies, and trade restrictions. These conflicts aim to protect domestic industries, influence foreign policy, or gain strategic advantages in global markets. While some…
The Great Depression was one of the most severe economic downturns in modern history, beginning with the stock market crash of 1929 and lasting throughout the 1930s. It caused massive unemployment, a dramatic decline in global trade, and widespread financial turmoil. This crisis affected every sector of the economy, leading to political instability, social unrest,…
Introduction Globalization refers to the process of increasing interconnectivity and interdependence among countries and regions through the exchange of goods, services, technology, and culture. Over the last few decades, globalization has become a driving force behind many economic, social, and political changes. While it has contributed to global economic growth and poverty reduction, it has…