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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
In an article published on the Washington-based website The Hill, Richard Sawaya, vice president of the US National Foreign Trade Council, writes about the serious damage that the anti-Russian sanctions are causing to America’s business interests. Richard Sawaya is also convinced that the irresponsible use of sanctions actually undermines the United States’ leading role in the realm of "international finance." The US business community and experts have been talking about the disastrous impact of the US-imposed unilateral sanctions on the United States itself since at least the 1990s, when these sanctions were already reducing the US’ share of a number of important export markets and resulting in up to $1 billion dollars’ worth of wage losses for US company employees.
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
In the fall of 2019, Democratic Speaker of the US House of Representatives, Nancy Pelosi, went on record saying that competition for resources was turning ecology into a national security issue. A growing number of politicians and experts share her opinion. While most countries worldwide take a “mixed” picture of the consequences, upsides and downsides of global warming amid an ever-growing rivalry between states, the environmental idea is becoming a convenient and attractive tool to discredit opponents.
  • Category: Experts |
  • Date: 9-01-2020, 12:12
  • Views: 395
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.”
At the end of September, the EU and Japan signed an agreement designed to add a new dimension to these two global economic powerhouses’ joint effort in the field of transport, energy and digital technology. This expansion of ties between the Old World and Japan is seen by Western media as a counterweight to, and even a pushback against China’s One Belt, One Road mega-project. What are the prospects of various projects dealing with the ongoing competition between transport corridors in Eurasia?
  • Category: Experts |
  • Date: 30-11-2019, 10:36
  • Views: 500
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
At the end of September, the Austrian People's Party (ÖVP), led by the former Chancellor – the 33-year-old "political prodigy" Sebastian Kurz - once again came out on top in snap parliamentary elections. According to a preliminary count, to be finalized on October 16, the ÖVP secured 37.5 percent of the vote, and will take 71 of the 183 seats in the National Council (lower house of parliament). Political commentators still predict serious problems Sebastian Kurz may face in putting together his new Cabinet.