Strategies for Inclusive Economic Development in Emerging Economies


Imagine a world where emerging economies, which currently represent over half of the global GDP on a purchasing power parity basis, occupy the forefront of an inclusive economic transformation. This vision is not a mere flight of fancy; it’s a burgeoning reality in today’s global economic landscape. Emerging economies, which include countries like the Philippines, India, South Africa, and Brazil, are typically characterized by rapid industrialization and burgeoning middle classes. These countries now stand at a critical juncture, as they possess abundant potential to reshape the world’s economic dynamics. However, this potential comes with the challenge of ensuring that their growth benefits all segments of society, not just the upper echelons.

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Here is Why It’s an Amazing Time to Start or Grow a Business in India

India will pass China as the world’s most populous country sometime in 2023. No longer will it be necessary to refer to India as “the world’s largest democracy.” It’ll be the world’s largest nation, full stop.

This means India will very soon be the world’s largest market for nascent and established businesses alike.

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How Commerce works


The concept of commerce is fundamental to a lot of people. It is the way that people buy things and sell them. Commerce can be both consumer and business-to-business. It can be decentralized, or it can be centralized. It can also be open or closed. This article will discuss some of the advantages and disadvantages of different forms of commerce.

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Why Was the Gold System Abandoned?


Known as the gold standard, this was a system by which currency printing was restricted and this caused several issues. In 1971, the gold standard was abolished to curb inflation, while also preventing some countries from overburdening the financial system redeeming gold for dollars. It is a very complex number of variables in play when nations trade and abolishing the gold standard was a natural step in the evolution of currency-based economies.

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Why Holiday Season Means Big Business for the Firearms Industry


The Second Amendment to the United States Constitution states that people have the right to keep and bear arms in the US. Though this right isn’t limitless and without exceptions, a large number of Americans possess firearms nowadays. This number has become bigger in the last couple of years, peaking in 2020, and always during the Holiday season.

Naturally, as the number of people buying firearms becomes larger, the demand for rifle ammo has also increased. Many gun stores reported their shelves being empty back in June 2021, though the manufacturers stated that they’re producing as much as they can.

If you’re curious to find out why there has been such an increase in interest in firearms in the last couple of years and why the holiday season means big business for the firearms industry, keep on reading.

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Why Small and Independent Businesses Are So Important


You likely have an intuitive sense that small and independent businesses are vital for the health of our overall economy and local economic ecosystems. Even if you don’t, you’ve likely heard someone comment on the fact that small businesses are important.

But why is this the case? And what steps can you take to support the small and independent businesses in your area?

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How the COVID Pandemic Has Affected US Pension Industry


The COVID pandemic has impacted the economy on a global scale and transformed our world as we once knew it. But one of the hardest-hit sectors was and still is the US pension industry. As well as halting retirement plans, it has also forced a growing number of retirees to freeze or lower their retirement age just to get by. Continue reading to familiarize yourself with the different ways in which the ongoing COVID pandemic has affected the US pension industry.

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Is Globalization Real or Is It a Game Nations Play Now?


If you use the narrow definition that globalization is the manner in which companies use their products and services to gain international influence and power, you can certainly see there are many problems with globalization. However, if you look at globalization as the ability of even the smallest company to begin trading across borders or internationally, there are fewer problems that develop within the picture. For the most part, the modern world is so entwined in a global relationship of epic proportion, and if one major international trader failed, there could be a problem for many minor nations, poor economies, and small businesses that associated with that international trader. Such are the problems linked with modern international trade.

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Global Trends Identified in the Legatum Prosperity Index


Every year, Legatum releases the Legatum Prosperity Index which analyzes social developments in 149 countries. The London-based independent charity ranks each nation based on certain societal pillars like growth in education or economy, as well as changes in business environments and governance.

Recently, the global think tank studied seven distinct regions around the globe, namely: North America, Western Europe, Eastern Europe, Latin America and the Caribbean, Asia-Pacific, the Middle East, North Africa, and Sub-Saharan Africa.

Below are seven global prosperity trends identified in Legatum’s key findings.

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Is Asia Set to Become the World’s Largest Trading Bloc?


In light of trade wars around the globe, and the subsequent economic turmoil they’ve caused, an increasing number of countries are turning towards protectionism.

While some international partnerships, including the Transpacific Partnership (TPP) as well as the Transatlantic Trade and Investment Partnership (TTIP), have been stalled or reversed, one trade bloc has emerged triumphant – almost.

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