The word ‘technology’ is so widely used today that we tend to forget the times when this word didn’t really exist. Every individual has their own perception, their own definition of technology. Sometimes it has been described as ‘the idea of developing tools in order to make our lives easier’
Tag: economics
SOCIAL HARMONY: A MUCH NEEDED SOCIAL PROSPECT FOR INDIA’S ECONOMIC GROWTH
The decline in India’s economic growth during the Fiscal Year 2019-20 was already a worrisome matter. With a lower than expected GDP growth rate along with the severe hit on the automobile sector of India, the economic status had already been a subject of nationwide discussion and debate. Moreover, consumption
INDIA’S TRYST WITH CENTRAL ASIAN ECONOMIES
The strategic and economic ties between India and Central Asia can be traced back to the era of the Silk Road, which facilitated the flux of ideas in the Asian region. At the time, India’s territories, especially that of the Kushan Empire, reached up to the frontiers of the Central
EUROPE: EAST, WEST AND THE GULF BETWEEN
The eastern and western half of Europe have a huge gap in the socio-economic sphere. East European countries are plagued by the lack of a social security contract leading to high social inequalities, strong social disintegration, egotistic individualism and extensive destitution and poverty. There has been minuscule progress in addressing
LANDSCAPE OF GLOBALISATION POST-COVID 19
Every few decades the world undergoes a political and socio-economic transformation. A study of the factors leading these changes has often lead us to question the status quo and often shape the world political model. Within a time span of a century, we experienced a magnanimous shift in the way
SOUTH AFRICA: A BRIEF INTRODUCTION
South Africa, the southernmost nation on the African mainland, known for its varied topography, natural beauty, cultural diversity, all of which have made the nation a destination for travellers to spend vacations, since the lawful closure of politically sanctioned racial segregation. South Africa is situated great may miles far off from
AFRICA’S CAPABILITY TO MAINTAIN ECONOMIC STABILITY IN THE FACE OF ADVERSITY
The economic lagging of Africa in the global market can be easily seen through the major gap between its contribution to the world’s population (17%) and the world’s GDP (3%). The failure to optimally use the continent’s existing resources contributes to the gap. Unless the massive growth opportunities and risks
CASE STUDY OF THE JAPANESE ECONOMY
Japan is an island country of East Asia located in the northwest Pacific Ocean. Being a part of the Ring of Fire, the country is prone to earthquakes and volcanic eruptions. It comprises an archipelago of 6852 islands with Tokyo as the capital. It is quite surprising to see that
NORDIC ECONOMIC MODEL – IS THE GRASS GREENER ON THE OTHER SIDE?
At the time when the world’s richest 1% own 44% of the wealth and the lowest 56.6% people own less than 2% of the global wealth (source), many of the scholars, economists, politicians and policymakers are looking for ways to remedy the situation. In this backdrop, the Scandinavian countries of
THE CITY-STATE’S PATH TOWARDS A SMART NATION: SINGAPORE
The city-state of Singapore obtained its formal independence in 1965. Its condition during that period looked completely different from the state that it is enjoying now. Back then, the country was flooded with problems. There was an alarming unemployment rate with the majority of the population under poverty, lack of