trade and economics
As the rise of globalization becomes apparent, so does the interconnected nature of international economics. It is our goal to analyze and inform readers upon the fundamental principles of multilateralism and free trade, in order to enable the upcoming generation of global and economic leaders.
Shriya Shah and Anushka Bansal
Heads of Trade and Economics
International Youth Politics Forum
Heads of Trade and Economics
International Youth Politics Forum
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Solving the Education Crisis During a Pandemic
By Derrick Cui and Purav Mohanty |
When the pandemic hit America and cases increased, the country shut down for months. While we’re gradually opening back up, the long-term consequences of a months-long complete lockdown are becoming more and more visible. As we now try to navigate the “new normal,” the education system has changed significantly. The pandemic has placed significant financial strains on both K-12 public schools and universities nationwide as public funding tightens. Read on to discover how schools are managing COVID’s financial constraints and its implications for future learning. READ MORE
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RCEP: Implications of the World's Largest Trade Agreement
By Riya Mathur, Derrick Cui, and Sahla Nawar, 2/16/2021 |
Despite COVID-19’s negative impact on the global economy, international economic partnerships continue to develop. Signed on 15th of November 2020, the RCEP or Regional Comprehensive Economic Partnership is arguably the largest free trade agreement in history, comprising 15 members between the Asia Pacific regions. It is home to almost a third of the world’s population and accounts for 30% of the global GDP amounting to almost $26.2 trillion as of 2020. Yet, compared to other international trade deals, the RCEP seems the most likely to fail, especially in light of India’s noted absense. READ MORE
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Enabling E-Commerce Expansion: COVID-19 Case Studies
By Snigdha Thatikonda and Grace Hurren, 9/19/2020 |
As lockdown measures during the COVID-19 epidemic persist, the effects on individual and international economies are monumental. With most civilians attempting to limit their offline spending, a sudden dependency on e-commerce arises, with the American and Indian markets being no exception. COVID-19 has set the state for e-commerce to expand like never before, if businesses keep that momentum going and build off of it. Learn more about COVID-19’s impact on the e-commerce markets and overall economies of the United States and India and how corporations can ensure this expansion continues long after COVID-19 is resolved. READ MORE
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The Economic Efficacy of Crisis-Based Aid
By Sahla Nawar, Swayam Tripathy and Jacob Weber, 9/7/2020 |
Foreign aid is the financial or technical help given by one country’s government to another to assist in social and economic development in response to a disaster in a receiving country. These aid packages address issues such as health, education, infrastructure and humanitarian emergencies. As population rises due to higher birth rate, poverty increases as governments are unable to sustain citizen welfare programs. Foreign aid has become significant for survival of lesser developed nations, especially war-torn countries. READ MORE
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AI has already started affecting emerging markets. As anticipated, the introduction of AI has widened the wealth gap between nations. However, AI has also taken away labor-intensive jobs from developing nations. This unforeseen consequence has exacerbated the widening intranational wealth gap. Although AI has potential, it could also drastically decrease the needs for developing nations’ labor markets. READ MORE
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Healthcare Economics: State Mandated vs. Privatized
By Mete Bakircioglu and Riya Mathur, 7/31/2020 |
The United States uses a unique healthcare system that disproportionately benefits certain groups. Additionally, the state-funded healthcare system and the private healthcare system compete to drive prices. Consider that insurance is a check on the relative price of a drug to the consumer that the state uses to ensure healthcare; was healthcare meant to be privatized at all? This question is at the root of healthcare partisanship in the upcoming election. READ MORE
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BLM & the Economics of Racial Injustice
By Zahra Ali Imran and Puras Mohanty, 7/18/2020 |
Injustice among racial minorities has always been exacerbated by economic crises and social movements, even as attempts at change seem to address the same. Proponents both for and against minorities often come out of the woodwork. However, Black small businesses have gained from the protests and the outpouring of civilian report. READ MORE
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Digitizing the Yuan: The Future of Internet Currency
By Anushka Bansal and Shriya Shah, 6/24/2020 |
The U.S. dollar has long been a source of stability for foreign transactions, especially in developing nations. However, the United States has fallen somewhat behind in the governmental regulation and establishment of a digital currency. The Chinese government has pounced on this shortcoming and seeks to establish the yuan as the premier digital currency, which has broad implications for the future of the global economy. READ MORE
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WTI Index & The Russo-American Markets
By Riya Mathur and Derrick Cui, 6/24/2020 |
The West Texas Intermediate has long been the most prominent index for gauging the oil market in the United States. On April 20, 2020, the WTI went negative for the first time, spelling worldwide implications on the oil market. This comes as the Russo-Arabian oil conflict continues to drive down oil prices, and as demand for oil has decreased throughout the Coronavirus pandemic. Additionally, despite the United States’ and Russia’s ideological differences, the worldwide oil market’s interconnectedness makes the WTI crash all the more significant for both countries. READ MORE
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Central Banks and Climate Policy
By Sahla Nawar and Anushka Bansal, 6/24/2020 |
Since the 2008 Great Recession, democratic governments have given increasing amounts of power and leniency to central banks. The resulting increase in discretionary power given to central banks has given the institutions an ability to affect not only economic policy, but also government spending programs. Central banks in highly developed countries also have a large impact on the global economy. READ MORE about how central banks are playing an increasingly large role in the global marketplace and climate policy.
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Economic Globalization & Emerging Markets
By Zahra Ali Imran and Riya Mathur, 6/7/2020 |
Emerging economies around the world have been subjected to the economic imperialism of developed countries through the mechanisms provided by continued globalization. However, globalization has also provided many benefits to emerging economies, many of which are found in MENA and BRICS. Both of these groups contain nations that group together due to geographic proximity and benefit developmentally from each other’s continued success in economic globalization. READ MORE
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Sino-Brazilian Relations & Economic Imperialism
By Snighda Thatikonda and Salah Nawar, 5/12/2020 |
China’s economic and imperialistic tendencies have been primarily associated with ventures in Africa and South-East Asia. China, however, has also taken a keen interest in South America due to the continent’s large amount of natural resources. The eastern economic superpower imports natural resources at a cheap price, develops the resources through Chinese industry, and then exports them to markets at higher prices. Brazil is no exception to this rule that is slowly becoming a norm for under-developed nations. READ MORE
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Markets during COVID-19
By Anushka Bansal and Riya Mathur, 5/12/2020 |
COVID-19 has had economic impacts across the globe that are just now becoming apparent. Between unemployment rate and supply-chain disruption, the economic consequences of the virus are worsening as time goes on. In this article, Italy, a country severely affected by the virus, and India, a country with a disproportionately low number of cases, are used as case studies as the world tries to gauge the future economic implications and the international economy. READ MORE
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Nudge Theory in the Face of Pandemic
By Zahra Ali Imran and Mete Bakircioglu, 4/27/2020 |
While coronavirus rages across the globe, different countries take different measures in order to halt the spread of the deadly virus. The United Kingdom and Singapore are both taking action in different ways utilizing the “nudge theory.” These mindsets are becoming more and more apparent as nations are once again beginning to open up their doors. Which country is having more success, and why? READ MORE
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S.M.E.'s in a Time of Crisis
By Mete Bakircioglu and Anushka Bansal, 4/9/2020 |
Small and Medium Sized Enterprises (S.M.E.'s) are often overlooked in a time of crisis as analysts gauge the performance of Fortune 500 companies. However, S.M.E.'s serve as the backbone of the global economy in democratic nations; nearly 50% of all workers work for S.M.E.'s and 40% of domestic GDP comes from them. In this article, the Trade and Economics Department aptly describes how S.M.E.'s can be used with great efficacy in times of crisis through cases studies in Switzerland and Saudi Arabia. READ MORE
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The Power of OPEC
By Sahla Nawar |
Composed of fourteen members, the Organization of Petroleum Exporting countries (OPEC) is one of the most powerful cartels in the world. The stated mission of this organization is to "coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry." READ MORE
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