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EconIR WEB’s most recent posts:

Economic Strength of a Developing Country through the IT and Service Sector

Introduction In developing countries, a large part of the population is forced to live below the poverty line. There is a dire need to undertake efforts to enhance developing countries’ financial and economic strength. To draw useful conclusions, studying strategies and pathways followed by developed countries is very interesting. However, in my opinion, parallels can’t…

Inflation in Italy (July 2022)

Istat announced that in July 2022 the national consumer price index for the entire community (gross of tobacco) recorded an increase of 0.4% compared to the previous month and a growth of 7.9% on an annual basis (from + 8% of the previous month).  The National Institute of Statistics(ISTAT) has showed that the inflation is…

Economic Crisis in Bangladesh and Talks with the IMF

Introduction Bangladesh’s economy was already under much stress due to the COVID-19 pandemic, however, the global political and economic situation has not made it any easier for this South Asian country’s economy to bounce back up. Bangladesh is already the third country after Pakistan and Sri Lanka to apply for a bailout from the International…

Political Polarization Continues to Grow in the United State

The Two-Party System For nearly all of American history, while ideologies and names have shifted, there have only been two political parties. In 2022, these two parties are the Democrats and the Republicans, with Democrats being on the liberal side and Republicans being on the more conservative side respectively. This two-party system leaves little room…

US Airstrike Eliminates Leader of Al-Qaeda in Afghanistan

Introduction On July 31, 2022, the United States launched a missile strike that killed Al-Qaeda leader Ayman al-Zawahiri. US military sources say that this was the biggest blow to the Al-Qaeda leadership since the death of Osama Bin Laden in 2011. Al-Zawahiri was a 71-year-old Egyptian physician who succeeded Bin Laden in leading the jihadist…

World’s Overshoot Day 2022 — 28th of July

We consume almost twice as many resources as Earth can produce in the same time period, leading to a depletion of resources and negative externalities such as Carbon Footprint and the loss of biodiversity. A negative externality is a negative effect experienced by a third party due to an economic activity. Definition Earth Overshoot Day…

A Look at Abenomics

Introduction Japan’s longest-serving Prime Minister, Shinzo Abe, was shot twice on Friday while holding a speech at a political campaign event in the city of Nara. He has since died in hospital, and a suspect has admitted to causing the shooting with a homemade gun. During Abe’s time as the Japanese Prime Minister from 2012…

California’s Gas Prices: The Highest In The United States

Introduction California gas prices are the highest gas prices in the United States, with a state average of $6.16 per gallon compared to the national average of $4.96. A Chevron gas station in Los Angeles even reached $8.05 per gallon: the highest charging gas station in the country. This has caused Californians to erupt in…