Of late, the ongoing trade war between the two most powerful economies of the world – United States and China – has placed both the countries on a horrid front, breaking the world’s most important bilateral relationship of the twenty-first century. Their failure to reach a concrete...

Trade war among the nations dates back mainly to the nineteenth century. Some of the trade wars may be cited as (i) The First and Second Opium War Empire between 1839 and 1842; (ii) The Smoot-Hawley Tariff Act, 1930 signed by US President Herbert Hoover; (iii) Chicken wars in the early 1960s; (iv)...

One of the highly debatable issues in the arena of international economics in recent years is whether a country should go for full capital account convertibility. In terms of the timing and process of capital account liberalization, India and China have been remarkably similar. Both started with...

The catch word “Globalization” has been defended by advocates for lifting people out of poverty and the inequality in the world. But it has been criticized by opponents for failing to solve the problem of poverty, inequality, and for increasingly creating wealth disparity. This raises the...