Posts in category

Mercantilism


ECONOMYNEXT – Sri Lanka’s cabinet of ministers authorized changes to increase fines by 40 times as a price control agency triggered milk powder shortages from which an autarky tax was lifted as shortages persist in cooking gas. Trade Minister Bandula Gunewardene said the fine would be increased by 3,900% to 100,000 rupees from the current …

US Under Secretary of State Wendy Sherman met with senior Chinese diplomats last week. The meeting, despite the rotation of the White House and the State Department, did not go well. This seems to have come as a surprise only to the American side. The tour ran into problems before it even started. The original …

Today, tea is the most popular drink in the world, with a global market outpacing all of its closest competitors combined. The British Empire went to war over tea, ultimately losing its American colonies and twice defeating the Chinese in the “Opium Wars”. The British desire for local tea led to botanist Robert Fortune being …

A definitive account of the big bang that gave birth to their country has long escaped Nigerian historians. Although attempts were made in the 1970s, notably led by Obaro Ikime, a former professor of history at the University of Ibadan, the parameters of such a thorny subject were not sufficiently agreed and the idea never …

ECONOMYNEXT – The Vietnamese central bank has pledged the US Treasury not to devalue the Dong, insisting that monetary policy is aimed at domestic stability, although America has extracted a pledge to allow “to improve the flexibility of the rate exchange rate over time “. A feared “modernization” of monetary policy is also looming, perhaps …

ECONOMYNEXT – Some Sri Lankan businesses could be affected while essential goods businesses could be less affected and import substitution businesses could benefit if import controls are tightened on weak external finances, Fitch said, a rating agency. “… The weak external finances of the ruler of Sri Lanka will affect more businesses that import non-essential …

HAMBURG, GERMANY / ACCESSWIRE / July 21, 2021 / Feeless Trade has launched the fairest and most community-based trading services dedicated to its users. Last month, Feeless Trade Exchange raised $ 200,000 in a private funding round concluded on June 16, 2021. Crypto trading has become one of the most popular forms of trading over …

At the recent commemoration of the 100th anniversary of the Communist Party of China, China’s “life president” Xi Jinping intoned that China’s rise to world domination is a “historic inevitability” and that China will not. will be more “intimidated, subjugated” by foreign nations. “Anyone who dares to try,” President Xi told a delirious and choreographed …

Second, there has been an obsession with controlling debt rather than investing, whether in public infrastructure or in new industries. Again, it’s easy to blame climate change, and that may well be part of the reason for more extreme weather conditions. But in Germany, a quarry dam collapsed under the weight of the water, and …

Are “samriddhi” and “vikas” synonyms? I heard a speaker on a recent TV show talk about the implication of choosing one over the other. While the scope of the commentary was lost in the large number of questions raised in the boisterous debate, I felt it necessary to pause and reflect on the observation. A …