In the year 2022, the global economy experienced an unprecedented influx of $1.28 trillion through foreign direct investments (FDI). This figure underscores the increasing role of Foreign Direct Investment in reshaping…
The theory of absolute advantage, fashioned by esteemed economist Adam Smith in the 18th century, offers a seminal lens into the merits of international commerce. Defined as the prowess of an…
In 2021, U.S. multinational corporations employed an astonishing 43.3 million workers worldwide. This fact highlights their significant impact and extensive global reach. These giants, also known as MNCs, are instrumental in the advancement…
Globalization implies the interconnectedness and integration of economies, cultures, and societies worldwide. furthermore, it is driven by advancements in technology, communication, transportation, and trade. Globalization allows goods, services, information, ideas,…
The New Economic Policy of 1991 introduced a series of reforms in the Indian Economy during Prime Minister P.V. Narasimha Rao's tenure. Dr. Manmohan Singh is considered the architect of…
