Global Economy – The Diplomatic Envoy

Thucydides’ Trap posits that when a great power’s hegemony is threatened by a rising power, there is a high likelihood of war between the two nations. This proposition is relevant when examining the relationship between the People’s Republic of China (PRC) and the United States. Allison coined this term precisely to characterize increasing U.S.-China tensions, worrying that it would eventually result in a war between the world’s two greatest powers.

International News

November 8, 2021November 6, 2021 Zachary Schullian

G20 Leaders Commit to Global Minimum Corporate Tax Rate

At the G20 Summit in Rome on October 30, leaders of the world’s foremost economic powers agreed on a global corporate minimum tax rate of 15 percent, potentially making it more challenging for large corporations to collect tax benefits by relocating abroad, The Associated Press reports.

World Climate Change Summer 2021 Edition

September 12, 2021September 11, 2021 Sebastian Kopec

Green Growth and Economic Development – Regional Perspectives on the Effects of Climate Change on the Global Economy

The effects of climate change pose a threat to the global economy that varies in scale and severity. As drought endangers agricultural production in the Sahel and rising sea levels put the financial centers of East Asia at risk of flooding, different countries have developed strategies to combat climate change while ensuring the economic well-being of their people.