Global economy is headed for a recession in 2019

https://gulfbusiness.com/heres-global-economy-headed-recession-2019/ The ebb and flow of world economic growth, which is commonly referred to as the international business cycle is the changed in the level of economic activity in the global economy over time. Though levels of economic growth differ greatly between countries every year, for most counties the economic growth is stronger when the rest of the world is growing strongly and weaker when … Continue reading Global economy is headed for a recession in 2019

Japan urges G20 to renew commitment against protectionism

https://www.reuters.com/article/us-g20-japan-aso/japan-finmin-urges-g20-to-renew-commitment-against-protectionism-idUSKCN1PB0I9   The Group of Twenty (G20) is one of several forums that allow world leaders play an important role in coordinating policies between major economies, especially during times of economic or financial crisis. The aim is to enable heads of state, alone with their treasurers and central bank governors to discuss global economic issues, with particular attention to economic stability and growth. The G20 … Continue reading Japan urges G20 to renew commitment against protectionism

Pakistani Government urged to avoid tough IMF conditions

https://tribune.com.pk/story/1886150/2-government-urged-avoid-tough-imf-conditions/ It is clear that the International Monetary Fund (IMF) plays a central role in the global economy ever since its establishment in 1945. The international organisation works towards their policies which includes: Maintaining international financial stability Encouraging and facilitating international trade Reducing poverty rates globally Promoting high employment and sustainable economic growth Global monetary cooperation In addition, the IMF plays a central role in … Continue reading Pakistani Government urged to avoid tough IMF conditions

Globalisation Fund: more help after redundancy

https://multimedia.europarl.europa.eu/en/globalisation-fund-more-help-after-redundancy_N01-PUB-181205-GLOB_ev Global trade is an important indicator of globalisation because it is able to measure how goods and services produced in one country are consumed in other economies. Data has shown the trading of goods and services has grown rapidly in recent decades, from $US 8.7 trillion in 1990 to $US 39.5 trillion in 2008. [Pearsons 2019 book] Global trade has increased strongly over the … Continue reading Globalisation Fund: more help after redundancy

Economic integration reduces multidimensional poverty in Africa

https://newbusinessethiopia.com/economic-integration-reduces-multidimensional-poverty-in-africa/ Economic development is a qualitative process, which involves the development of an economy’s economic and social infrastructure that often stems from higher levels of economic growth. Economic growth plays an important role in reducing poverty and improving the quality of life (HDI). Thus, higher living standards is one of the advantages seen in free trade agreement. As prices are lowered, production of goods and … Continue reading Economic integration reduces multidimensional poverty in Africa