Under this topic, the research seeks to enhance the understanding and alongside study the contemporary and developing issues pertaining to international economy and development in diverse countries. The developing economies at present predominantly in the East and South Asian regions remains on a relatively strong growth trajectory amid the robust domestic demand conditions whereas the global economy on the other hand is facing a confluence of risks, which could severely disrupt economic activity and inflict significant damage on longer-term development prospects. The research primarily addresses such developments and challenges, concentrating on the existing and emerging economic policies, economic growth and opportunities, co-operations and agreements, prospects and the potential factors that exacerbates development challenges in many parts of the world.
The countries should learn from each other to overcome this pandemic. They should also give more importance to public health and strengthen the international organisations like WHO with more resources. India can also play a huge role in fighting this global pandemic ...
Japan, being a technological power, has been at the forefront of developing a vaccine Avigan against the COVID-19. Prime Minister Abe, who has been the longest serving Prime Minister, with experience of working at the toughest of times, has given confidence to the people of Japan ...
India is an economic and military power, which can propel India in the direction of global power heterogeneity composing of multipolarity. India can also occupy the global supply chain of pharmaceutical production in the world ...
Stability of oil market and low Brent crude prices is always in favor of Indian economy because it is solely dependent upon imports of fuel. The current oil price war is significantly going to benefit India but government needs a comprehensive plan of actions to take advantage of this geopolitical spat between Riyadh and Moscow ...
Russia will continue to take strong measures aimed at harmonizing integration processes in Eurasia, pairing the EAEU and the Belt and Road Initiative, and the formation of a Greater Eurasian Partnership. In this regard, the development of partnership with China, as a key player in the region, will be a priority for Russia’s foreign policy ...
Nepal needs to strike a balance between both the regional and the global power. It is crucial for Nepal to find the common grounds with India and China in such a way that it addresses their core concerns while allowing room for Nepal to exercise its independent foreign policy with other great powers ...
The global oil market may soon pull through from the preliminary setback, but the energetic American shale industry might be severely affected by a superficial ally which the US had gone to huge extents to appease. Russia and Saudi have placed their bets on who will be the first to blink. They both have reasons to consider that they took the right decision. ...
The faith of Indians in Prime Minister Modi has helped a great deal. With one-sixth of the world population, India needs to learn a crucial lesson from this COVID-19 pandemic that public health is the utmost priority and adequate allocations of resources must be made as if it is defending the nation. Only hope is that, markets will find their equilibrium and India will not be so badly impacted by the disruption in global supply and value chains ...
Bangladesh is over populated with poor health facilities which make the people of the region vulnerable, exposed and impuissant to this invisible enemy. The announcement of stimulus package to fight COVID-19 by Prime Minister Sheikh Hasina was essential to fight the pandemic. ...
COVID-19, the Economic Crisis and Mechanisms to Tackle
The countries are still struggling to fight the COVID-19 pandemic, hence, economists are still uncertain about the size of the economic damage, but it is certain that it will be huge. Thus, the governments have to quickly take increasingly bold anti-recession measures that will ‘flatten the recession curve’ ...