Tag: mba notes for ggsipu

Economic integration can be classified in five additive levels, each present in the global landscape: Free Trade. Tariffs (a tax imposed on imported goods) between member …

The South Asian Association for Regional Cooperation (SAARC) was established with the signing of the SAARC Charter in Dhaka on 8 December 1985. The idea of regional …

BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China and South Africa. The BRICS Leaders’ Summit …

If a Kashmiri shawlmaker sells his goods to a buyer in Kanyakumari, he will receive in terms of Indian rupee. This suggests that the domestic …

Foreign exchange market is one of the important components of any economy today. It involves currency exchange, remittances, import & export, investments etc. This article …

There are three broad exchange rate systems—currency board, fixed exchange rate and floating rate exchange rate. A fourth can be added when a country does …

1. Inflation Rates Changes in market inflation cause changes in currency exchange rates. A country with a lower inflation rate than another’s will see an …

Year What Happened 1540-45 Sher Shah Suri issued a Silver coin which was in use during the Mughal period, Maratha era and British India. 1770-1832 …

Mercantilism is an economic theory and practise where the government seeks to regulate the economy and trade in order to promote domestic industry – often …

Adam Smith is generally ignored as a trade theorist in text books of international economics because of the common belief that he only confirmed the …