In a polarizing world, we analyze whether international organizations will stand the test of time. As countries shift to nearshoring and quantitative barriers to trade, the fate of the WTO and its influence hangs in the balance.Continue Reading
Author: Cindy Xue, Graphics: Yarden Pri-Noy The Japanese Yen is Depreciating A trip to Japan has never been more affordable, but at what cost to Japan’s economy? Reaching an all-time low since 1990, the Japanese Yen has become incredibly weak against the US dollar. Travelers flock to Japan to shopContinue Reading
Author: Lucy Cox, Graphics: Danielle Hwang The BRB Bottomline: Tariffs are the hot topic of economic policy this election, with both sides embracing protectionist tariff policy. But do Americans fully understand the real-life implications of tariffs? When presented with the possibility of a tariff on blue jeans, a staple pieceContinue Reading
Despite China’s efforts, they can’t keep Taiwan under their grasps. With a severing economy and growing independence, the People’s Republic of China’s momentum in actualizing the One China Policy reflects the fear of Taiwan’s growing autonomy. Continue Reading
Ultimately, this game of panda tug-of-war seems to be a manifestation of the boiling pettiness between two prominent global superpowers.Continue Reading
Regardless of the benefits and drawbacks of fast fashion, it is important that we start living sustainably and use the right ingredients to make our clothing. The path we are on now will have long-term negative effects on the earth’s resources, resulting in waste in underdeveloped areas of the world, as well as other profound negative consequences.Continue Reading
Globalization is not new. People have traded goods across oceans and continents since the Silk Road. But this 2,000 year legacy may now be in jeopardy as an increasing number of experts warn that globalization, as we know it, may be coming to an end.Continue Reading
Inequality is a growing concern worldwide, and governments are struggling to find a tax policy that optimizes equality without sacrificing production. A group of Harvard researchers has designed a supposedly better tax policy through a data-driven solution, using artificial intelligence to simulate economies.Continue Reading
It looks like the United States just became a third wheel. Recent economic data from the E.U.’s statistical office shows that China is now the European Union’s biggest trading partner of goods, knocking the U.S. from its prime spot. While the European Union has been China’s biggest importer for some time, the relationship only became mutual during the pandemic, likely due to the increase in demand for Chinese medical products in the E.U. In turn, demand for European goods in China also grew.Continue Reading