Trade war and its impact on global economy Group Discussion Topic for Airforce Phase2

Trade war and its impact on global economy:

Trade war is a situation where two or more countries try to destroy the trade between them by imposing restriction.

Trade war is an economic battle between countries where they levy additional taxes on each others products exports in order to protect their on Economy.

A trade war happens when one country retaliates against another by raising import tariffs or placing restrictions on the other countries imports.

Trade war does have its own advantages and disadvantages as well. It promotes local job growth and it will also increase demand for domestic goods and protect nations with un-ethical trade policies, on the other hand It increase costs and it will also slows down economic growth. It hurts diplomatic relations and cultural exchange between nations.

Due to trade war various Nations have moved towards protecting their economy to tackle the race of International Trade like in India various programs like make in India, startup India and Atmanirbhar Bharat are running by Indian government to enhance their local business and to provide employment and uplift their economy as well. A study by IMF (International Monetary Fund) shows that recent USA- China trade war affect global economy very badly. WTO (World Trade Organisation) should make their own norms to regulate global trade as it will mostly affect the developing countries.

Effects of trade war :

Protect domestic companies

Increase local jobs

Domestic products demand increases Reduced choices for customers

Increase cost induce inflation

Slow economic growth

Hurt diplomatic relations

In conclusion, trade Wars between countries are said to be more harm than cure and it will bring failure in the economic activities, trade tensions, economic downfall and inflation.

Comments

Cyber Security Need of the hour: Group Discussion Topic for Airforce Phase2

Cyber security : Need of the Hour It is the time when whole world is suffering from covid crisis. Currently government websites are being hacked, Banks also reported breach of confidential data from their servers, the energy and nuclear power plants control systems are infected with virus Trojan and social media accounts of celebrities being hacked. People are receiving text messages asking amount or money has been deducted from their bank accounts. The whole Nation is in a state of confusion. It is clear that our country has become a victim of cyber attack and there has been 260% increase in cyber attacks since lockdown induced due to covid-19 pandemic. Due to increasing network and interconnectivity cyber attacks have become more common. Cyber attackers uses different methods for attacks. First , There are many financially motivated organised crime groups uses cyberspace as Warfare to hack business, Networks and demand mo...

How To Prevent Osteoarthritis l Health Guide l

How to prevent Osteoarthritis In general, arthritis means problems with the joints. A joint is a place in the body where 2 bones meet. Arthritis may also affect other body tissue near the joints including muscles, tendons, and ligaments. And, in some forms of arthritis, the whole body is involved. Osteoarthritis (OA) was once consider a disorder in which joints simply wore out - the unavoidable result of a long and active life. But research has shown that OA is a complex process with many causes. Here is what doctors recommend to reduce the risk of OA or delay its onset Maintain your ideal body weight (IBM) Excess weight is one of biggest risk factors for OA. It puts stress on your joints, especially your hips, knees, ankles and feet. And, extra fat actually causes changes in the cartilage cells. If you are overweight, talk with your health care provider about safe ways to lose weight. Control Blood Sugar Diabetes, which affects the body's ability to regulate...

Army GD Model Paper 1 with Solutions by Garhwal Sir

1. पास्कल किसकी इकाई है दाब की 2. चलती हुई बस जब अचानक ब्रेक लgती है तो उसमें बैठे हुए यात्री आगे की दिशा में गिरते हैं किसको किसके द्वारा समझाया जा सकता है न्यूटन का पहला नियम 3. दूध से क्रीम निकालने में कौन सा बल लगता है उत्तर अपकेंद्रीय बल 4. ध्वनि की चाल अधिकतम किसमें होती है उत्तर निर्वात में 5. दाढ़ी बनाने के लिए काम में लेते हैं अवतल दर्पण 6. इलेक्ट्रॉन की खोज किसने की थी उत्तर जे जे थॉमसन ने 7.भविष्य का ईंधन किसे कहा जाता है उत्तर हाइड्रोजन को 8.धोने का सोडा किस का प्रचलित नाम है उत्तर सोडियम कार्बोनेट 9.सोडियम बाई कार्बोनेट का सामान्य नाम क्या है उत्तर beकिंग सोडा 10. पोटेशियम नाइट्रेट का प्रयोग किसके उत्पादन में होता है उत्तर Uravark के उत्पादन में 11.विश्व पर्यावरण दिवस किस दिन मनाया जाता है उत्तर है 6 जून को 12. विटामिन ए को किस नाम से जाना जाता है रेटिनोल 13.yeast ek क्या है कवक है

Rakesh Garhwal

Search This Blog