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- Thread starter Medecin
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Shimba ya Buyenze
JF-Expert Member
- Dec 22, 2014
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[emoji404] What is Trade War in Economics?
This refers to an economic situation where countries raise protectionist barriers against each other to protect local industries from foreign competition and also to promote exports over imports. It may take the form of imposing tariffs and quotas on foreign trade as well as currency manipulation to favour local industries. The decades between the two World Wars is often noted as a period when major world economies were engaged in a trade war by devaluing their currencies in a competitive fashion. It was carried out under the belief that a cheaper currency would encourage more demand for a country’s exports, thus boosting the domestic economy.
This refers to an economic situation where countries raise protectionist barriers against each other to protect local industries from foreign competition and also to promote exports over imports. It may take the form of imposing tariffs and quotas on foreign trade as well as currency manipulation to favour local industries. The decades between the two World Wars is often noted as a period when major world economies were engaged in a trade war by devaluing their currencies in a competitive fashion. It was carried out under the belief that a cheaper currency would encourage more demand for a country’s exports, thus boosting the domestic economy.
Shimba ya Buyenze
JF-Expert Member
- Dec 22, 2014
- 183,580
- 1,105,911
[emoji404] What is anthropocene?
This refers to the period in earth’s history when human activities began to have a significant impact on the state of the planet’s ecology. The term was popularised by Dutch chemist and Nobel laureate Paul J. Crutzen in his 2002 article ‘Geology of Mankind’ published in the journal, Nature. Crutzen proposed that the Anthropocene period, which is currently underway, began during the latter part of the 18th century when Scottish inventor James Watt invented the steam engine. It is marked by increasing concentration of greenhouse gases in the atmosphere which has had a substantial impact on the global climate.
This refers to the period in earth’s history when human activities began to have a significant impact on the state of the planet’s ecology. The term was popularised by Dutch chemist and Nobel laureate Paul J. Crutzen in his 2002 article ‘Geology of Mankind’ published in the journal, Nature. Crutzen proposed that the Anthropocene period, which is currently underway, began during the latter part of the 18th century when Scottish inventor James Watt invented the steam engine. It is marked by increasing concentration of greenhouse gases in the atmosphere which has had a substantial impact on the global climate.