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With the number of cases of coronavirus spreading in multiple countries around the globe, the outbreak has already been labeled a pandemic by the World Health Organization (WHO). Global economic relations have been hit hard by the virus, and demands for making the West less dependent on supplies from third countries are getting louder. What impact could the COVID-19 pandemic have on the globalization process?

With the coronavirus COVID-19 spreading rapidly worldwide and the first deaths reported in the United States, the issue of its impact on US stock markets is going viral and more and more people now realize that the new disease could have a serious impact on the outcome of the November presidential elections as well. Any global pandemic poses three main threats to any country, namely medical, economic and, as a result, political, and the US is certainly not an exception.
  • Category: Experts |
  • Date: 12-03-2020, 12:17
  • Views: 313
The head of the International Monetary Fund, Kristalina Georgieva, has warned that the global economy risks a return to the Great Depression. Speaking at the Peterson Institute of International Economics in Washington, she referred to IMF experts, who compare the current economic trends to the situation that existed at the close of the 1920s and culminated in the great market crash of 1929. Georgieva pointed to inequality and financial sector instability as the main reasons for the growing threat to global economic stability.
The impressive victory scored in last spring’s parliamentary elections in India by Prime Minister Narendra Modi inspired numerous comments about the start of a new stage in the development of one of the largest countries around. However, the spate of dramatic events that have since happened in India has drawn attention to the negative trends in the world’s second most populous nation.
  • Category: Analytics |
  • Date: 14-01-2020, 10:17
  • Views: 530
Denmark-based Saxo Bank has released a new batch of "outrageous" predictions for 2020 that it believes could potentially destabilize the entire international system existing today. The bank’s experts predict, among other things, that in the coming year, the Asian Infrastructure Investment Bank (AIIB) may launch “a new reserve asset, called the Asian Drawing Right, or ADR, with 1 ADR equivalent to 2 US dollars, making the ADR the world's largest currency unit."
  • Category: Analytics |
  • Date: 16-12-2019, 11:00
  • Views: 532
In late November, German Chancellor Angela Merkel made a number of rather controversial statements. On November 26, Germany, together with France, issued a brief “road map” for EU reform. Within the next two ears this plan is to be discussed by the “Conference on the Future of Europe,” tasked with working out proposals and drawing up a strategy for “structural reforms” aimed at making the European Union “more united and sovereign.”
According to European media reports, many EU residents continue to perceive the governing bodies of the 28-member bloc, including of the European Commission (EC), as being unable to "leave behind the image of a detached bureaucratic system." This negative perception was further boosted by the recent elections, which left the European Parliament bitterly "split." The formation of the new makeup of the European Commission was equally tortuous, in large part "due to the mismatch of political views." The confusion reached its climax after France, Romania and Hungary had their candidates for European commissioners rejected, formally on the grounds of “a conflict of interest and misuse of public funds."
  • Category: Analytics |
  • Date: 28-10-2019, 11:10
  • Views: 623
In the wake of Indian Prime Minister Narendra Modi’s landslide victory in the recent parliamentary elections, observers are now discussing the prospects of a new phase in the role their country is playing in the world. Indian experts believe that "the world is moving in the direction of multi-polarity, albeit asymmetric, which in the long haul can turn into a US-Chinese bipolar system."
On July 31, the US Federal Reserve’s Open Market Committee cut interest rates – the first such move in 11 years. During the past 18 months, President Donald Trump has regularly criticized the country’s central bank for refusing to lower interest rates, calling the Fed’s policy the main reason for America’s current economic slowdown. Trump’s critics, in their turn, accuse him of trying to manipulate the Federal Reserve’s policy in a bid to secure the best conditions for his re-election 2020 re-election campaign. How can the state of the country’s economy and finances influence the choice the American voters will make next year?
In a Twitter post released in June 2019, NATO Secretary General Jens Stoltenberg said that the North Atlantic Alliance planned to develop its own “space strategy.” According to Deutsche Welle, NATO experts are certain that future military conflicts will inevitably affect near-Earth space, “for example, through an attack on satellites of strategic importance or through the use of a weapon in space.” NATO explains the need to “declare space a separate territory for military operations” by the emergence of new threats posed by technological progress.
  • Category: Analytics |
  • Date: 2-08-2019, 13:30
  • Views: 485