Lets me begin with the happy beginning, Comperj is one of the largest petrochemical complex located in a small town Itaborai, Brazil. Located near the Santos Basin (recently discovered gas station) Comperj was one of the promising energy project in the country. The construction started in 2008.Thousand of people moved to the new town small […]Read More How Corruption sent Brazil Limping
The Wikipedia definition of Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class. Sounds complicate, let me give you an example :- Let’s assume you want to buy fertilizers for your garden and there are two […]Read More Crony Capitalism
People always say economy is a complex system but in reality it is a simple structure of various market doing transactions over and over again. Now Transaction is the main part as it is what our economy basically is. If you buy something that’s transaction, as a buyer you pay with cash or credit in […]Read More Why Credit is a important element in economy?
The U.S. -China trade talks has started on Monday in Beijing to resolve their economic disputes rather that going all out tit for tat trade tariff on each other. This talks will likely end with both parties coming to an agreement or deal as both the economies in this equation are not looking good in […]Read More Made in China : Problems
Debt trap diplomacy is type of diplomacy based on debt between two sovereign country. In this case one country gives extensive loans to its partner with the knowledge that the debtor country can’t pay back so that they can used it as a leverage for economical, political and geographical concessions. The terms and conditions are […]Read More China and its Debt Trap Diplomacy
Deficit spending is when the an individual or group spends more than they earn. You want a good example, take a look at the Uncle Sam. Uncle Sam is spendthrift, he spends more than he earn. How do you ask? Well he borrows and he borrows a lot. U.S. currently relies on deficit spending […]Read More Will The U.S. Ever Pay Off its Debt?
If you have been following the financial news you might have heard the term ‘Quantitative Easing’ or ‘QE’ in short for those of you who haven’t, QE is basically adding new money into the money supply by the central bank. This is the exact method proposed by Ben Bernanke, former Chair of the Federal Reserve […]Read More The First Use of Quantitative Easing :- Financial Crisis of 33 AD