by Tanvi Bajaj
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.
Continue reading “Blockchain: An Unlikely Advocate for Women”
The globalized, industrialized, and incessantly-driven economic world that we live in is similar to an amateur riding a bicycle. The moment he bears a shock, there is a genuine fear of halting down and falling off the ridge. The COVID-19 Pandemic is fast-emerging as the greatest shock of our times to the world economy.
Graduate Fellow Writer
With curfews enforced by governments to save lives and ceasing of the economic activity, a recession has already begun. It is no wonder that every single indicator of economic activity is heading southward. Industries have closed down, roads are empty, flights are being canceled, and small-businesses are crashing. Even large corporations have begun to bleed. There are genuine doubts about when things will start to become normal again. As companies have started to layoff employees and roll back on hiring, this is the worst time to graduate from college for those entering the job market.
Continue reading “The Economic Disaster Wrought by COVID-19”
by Pankhuri Prasad
Is the world coming to an end? Hopefully not. But it could be the end of world trade as we have known it for the past two decades. During a course I took in the winter of 2018, my International Economics and Politics professor mentioned how the World Trade Organization (WTO) may face a severe crisis in the near future. At the time, the likelihood of such a crisis seemed low and distant. However, with the end of 2019 looming near, international trade is quickly heading into uncharted waters as the Appellate Body of the organization is facing extinction.
Continue reading “The Closure of the WTO Appellate Body: The End of World Trade As We Know It?”