The currency exchange and convertibility is necessitated and facilitated by the urge of global trade. So, the purpose of currency convertibility is to accelerate the pace of international trade among trading partners for healthy economic growth and development. Meaning and Need of open economy It is the system of economy in which government grants freedom …
Any obstructive measures launched by powerful economies to inhibit the free flow of goods and services may have potential to adversely affect the entire developmental process in the entire world. Recent, spark of “Trade War” among leading economies isn’t good omen for global economy and stakeholders. So, it is bound to impact the livelihood of …
What is mean by WTO? How does WTO work for member nations? What are the main functions of World Trade Organization? Is there any major achievements? What is current relevancy of WTO? Isn’t it important for you? Let’s start… Meaning and definition of World Trade Organization It is an international organization. It was established on …
Friends, you might have read in your news feed about the series of negotiations for free trade agreements and protests of farmers and workers for justice. Isn’t this contradictory? Why does free trade system precipitate negative impacts? Is there any alternative for free trade system? For this, let’s explore the pros and cons of free trade system to make it more better.. Meaning of free …