The World Trade Organization (WTO) stands at the center of global trade governance. It provides a legal and institutional framework for international commerce by setting the rules under which trade flows between nations. Its role is broad—monitoring trade policies, resolving disputes, and facilitating negotiations—but when tensions between countries escalate into trade wars, the WTO becomes a key arena for handling conflicts.
In times of economic uncertainty, certain currencies stand out as reliable options for investors and governments. Known as safe haven currencies, these assets tend to hold or gain value when global markets face instability. This article explains what safe haven currencies are, why they matter, their value to a country, the impact when they lose that status, and how they’re performing as of March 18, 2025, amid the ongoing tariff war.
A tariff is essentially a tax imposed on imported goods (and, much less commonly, exported goods). Governments use tariffs as a tool to influence trade flows, protect domestic industries, generate revenue, and sometimes exert political leverage. Tariffs increase the price of imported goods, making them less competitive compared to domestically produced goods.
The international trading system is the complex network of rules, agreements, and practices that govern how countries exchange goods and services across borders. It’s a system that has developed over centuries, shaped by economic theory, political negotiations, and technological advancements. Understanding this system is key to understanding the global economy, as it influences everything from the price of your morning coffee to the availability of cutting-edge technology.
Economic organizations serve as the backbone of global financial stability and governance. They enable nations to collaborate on financial policies, address economic crises, and promote sustainable development. Among these organizations, the Group of Seven (G7) is one of the most significant players. However, the G7 operates in conjunction with other major organizations such as the G20, the International Monetary Fund (IMF), the World Bank, and various regional alliances. This article reviews the origins, roles, and interconnections of these economic organizations, highlighting their influence on global economic dynamics.
An economy consists of several key components that interact with each other to facilitate the production, distribution, and consumption of goods and services. This article reviews the major components of an economy.
