On April 2, President Trump announced sweeping tariffs on nearly 90 countries, claiming they were “Reciprocal Tariffs.” But as it turned out, the only thing they reciprocated was confusion. The rates bore no resemblance to the tariff these countries were charging on imports from USA. Instead, the tariff math seemed to follow a logic of […]
Unilateralism Unleashed: The Global Risk of U.S. Trade Policy Read More »
The Rising Inflation Rates The disruptions in the global supply chain brought about by COVID-19, exacerbated by the invasion of Ukraine by Russia, have sent prices of all items skyrocketing. Table 1 details the inflation rates for several major economies. While the rise in the inflation rate has been high for 2022, the increases are
What should India’s response be to rising inflation? Read More »
In 2003, Goldman Sachs published the ‘Global Economics Paper No: 99’ entitled, ‘Dreaming With BRICs: The Path to 2050’, authored by Dominic Wilson and Roopa Purushothaman, that made predictions about dramatic changes in the global economic order over the next five decades, with the economies of Brazil, Russia, India, and China – BRICs economies –
Revisiting the Prediction about BRICs Read More »
