Venezuela, the country which possesses the world’s largest crude oil reserves was a relatively stable democracy with one of Latin America’s fasting growing economy in the early 20th century. But in 2010, under the presidency of Hugo Chavez the country’s economy collapsed and was marked by hyperinflation, starvation, chronic food
Tag: IMF
ECONOMIC INEQUALITY: THE UNLIKELY OBSTACLE FOR ASEAN
In the last few years, The Association of Southeast Asian Nations (ASEAN) has become an economic entity that most other countries want access to. ASEAN comprises of ten countries in the southeast region of Asia, namely Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, Brunei, Cambodia, Myanmar and Laos. These ASEAN nations
HOW IS THE CORONAVIRUS ECONOMY MORE CATASTROPHIC FOR INDIAN WOMEN?
The coronavirus has created a global health crisis, which is claiming human lives, with over 590,000 death as of 17th July 2020 and causing distress worldwide. Adding to that, the IMF has declared a global economic recession, stating it could be as bad or even worse than the recession in 2007 –
RESILIENCE: THE KEY INGREDIENT OF THE COVID-19 LEMONADE
The world is grappling and struggling with an invisible, deadly, life-threatening enemy and is trying to understand how to live with the threats posed by the novel Coronavirus. With the declaration of COVID-19 as a “pandemic” by the World Health Organisation, the entire world came to a screeching halt. Several