Business & Economy

economics of future, trading economics

Economics In The Era Of Artificial Intelligence – A Bleak Look

Artificial intelligence is swiftly reshaping reality before our very eyes. By 2030—as many as 800 million jobs worldwide could be impacted by automation and AI, according to a 2017 research by McKinsey & Company. While it’s true that AI and robotics have the potential to boost productivity and economic growth, their widespread adoption may also

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red sea crisis explained

Economic Risks of the Ongoing Crisis in the Red Sea

The series of attacks on commercial shipping vessels passing through the Bab-el-Mandeb strait by Houthi rebels (a detailed article about them) in Yemen has escalated into a crisis in the Red Sea with dire economic consequences if left unresolved. The narrow waterway connecting the Red Sea and the Gulf of Aden is one of the

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global inflation rise

Economic Growth, Wages, and Incomes in the High-Price Era

The year 2023 has proven quite inflationary, as a confluence of factors has driven up the prices of goods and services globally. Supply chain disruptions lingering from the pandemic, tight labor markets, pent-up consumer demand, and expansive fiscal policies have all contributed to inflation, reaching 6.9% in September.[1] Economists remain divided on whether this inflation

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How Big of a Failure Is “Make in India”?

When Prime Minister Narendra Modi announced the “Make in India” initiative in September 2014, the government envisioned a plan to transform India into a manufacturing juggernaut, propelling economic growth and job creation. This ambitious initiative aimed to elevate manufacturing’s share of India’s gross domestic product (GDP) to 25% by 2022 (revised to 2025 – and

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