Category: ECONOMICS

COVID-19 and the Deepening of Federalism in India

Published on by prospectjournalucsd1 Comment

Linguistic map of India. Image used under Creative Commons License.

By Siddharth
Graduate Fellow Editor

Winston Churchill once advised to never let a good crisis go to waste. In the same vein, the present COVID-19 pandemic is a great opportunity for India to utilize this crisis by presenting itself as an alternative to China in the manufacturing sector. However, under the radar of the news broadcasting focused on COVID-19, there is another ongoing phenomenon manifesting itself in the Indian polity which is going unnoticed—deepening of Federalism in India. 

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After COVID-19: Implications on International Organizations and the Global Order

Published on by prospectjournalucsd1 Comment

by Siddharth
Graduate Fellow Editor

Human beings are perhaps cognitively wired for reacting faster to events that come as a sudden shock or stimulate loyal sentiments connected with social identity (race, religion, nation, etc.) than to processes spread over a longer period of time. Thus, the urgency of response by governments across the world to the 9/11 attacks, the COVID-19 pandemic, and global warming lie along a line facing southward while these events unfolded or are unfolding in ascending order of time duration. This cognitive bias manifests itself despite the fact that the likelihood of these three events threatening the survival of our species varies from least to most likely respectively.

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Blockchain: An Unlikely Advocate for Women

Published on by prospectjournalucsd1 Comment

by Tanvi Bajaj
Staff Writer

Blockchain has quickly risen in prominence as an impressively secure and technologically savvy way to record financial transactions. An immutable ledger of information, it was created in order to eliminate the third party source (aka the bank) that people are forced to rely on in order to transfer money. Premised on an agreement by a party of three or more people who record each transaction, blockchain is one of the safest ways to protect valuable financial information. After each “block” of transactions has been recorded, it is sealed by all members of the party using a hash function which not only keeps the information more secure, but also protects it from corruption and mishandling. 

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