Category Archives: Original Articles

Original Articles November 4, 2019 1 Comment

Probability of eradicating poverty is getting closer to 1.

Poverty has always been holding mankind from achieving its potential. The inability to maintain the basic levels of survival is still high among 1.85 billion people of the world today. Poverty has been rising faster than the economic policies to eradicate them, even when the rich like Bill Gates, donate most of their incomes to charities. It turns out that just making these physical resources available to the poor, plays very little in uplifting them as has been proven by this year’s Nobel Prize Winners, Abhijit Banerjee, Esther Duflo and Michael Kremer.

Original Articles June 23, 2019 No comments

Introduction to Chicago Mercantile Exchange Group

The CME Group Inc. is distinguished as one of the world’s largest and most diverse derivatives marketplace. It owns large derivatives, options and futures exchanges in Chicago and New York City using their trading platforms such as CME Globex trading and CME Clearing. CME Globex trading is a global electronics trading platform that enables users worldwide to access markets in all of the products it trades. CME Clearing is a means to handle settlements and provide clearing of exchange trades in the over-the-counter (OTC) market. [1]

Original Articles June 16, 2019 No comments

Trade War between US and China And its Impact on the Global Economy

What is a Trade War?

A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the opposing country’s imports. Trade wars can commence if one country perceives a competitor nation has unfair trading practices [1]. Continue reading…

Original Articles December 5, 2018 No comments

Economic Outlook on the U.S and Global Economy in 2019

An Article Written by Zuleykha Gasinova

As we progress to the last month of 2018, economists and various well-known financial agencies have released their forecasts about economic trends in 2019 and upcoming years. Considering the overwhelming economic and political agenda of 2018, economists have a distinct analysis regarding the U.S and global economy. While some economists are predicting a potential slowdown in the economic growth of the U.S and forecasting a recession in the second half of 2020, another group of economists do not feel gloomy about the current economic trends and therefore believe that the U.S economy will continue to grow and even help to boost the global economy. In this article, we are going to closely examine opposing arguments of economists regarding the 2019 economic trends.

Original Articles November 24, 2018 No comments

William Nordhaus and the Economics of Climate Change

The 2018 Nobel Memorial Prize in Economics was awarded to two American Economists, Paul Romer and William Nordhaus, for their work on economic growth theory and the economic impact of climate change, respectively. This article will attempt to scratch the surface of William Nordhaus’ breakthrough contribution to economic modelling of climate changes, or in the words of the prize committee, “for integrating climate change into long-run macroeconomic analysis.”