How do Trade Wars and Protectionist Policies Influence the Global Economy?
In the decades after World War II, there was an accepted international consensus regarding cross-border trade: it was desirable. It wasn’t without contention, particularly regarding agricultural products, but the trend was clear. The governments of most nations, in partnership with institutions like the World Trade Organization (WTO), collectively strove to lower trade barriers and increase […]
How Does Globalization Affect Income Inequality within and Between Countries?
The rise of globalization brought many questions and, at times, even protests. More recently, that noise has faded. The increasing interconnectedness of economies, cultures, and populations has become a defining feature of contemporary society. But questions are being asked again. Globalization has once again emerged as a lightning rod for criticism. This has been particularly […]
What are the Differences Between Fiscal and Monetary Policies in Managing Economic Growth?
Economic statistics matter. They are the metric by which we measure our progress as a society. If that seems a stretch, consider the following. Economic growth might seem like an abstract concept sometimes. However, it is a vital indicator of a nation’s prosperity and stability. It tells us about the increase in the production of […]