The U.S. national debt has amounted to $29 trillion by running annual deficits, with the last surplus being 20 years ago in 2001. Reacting to the Covid-19 pandemic that has gripped the globe, the U.S. government has accelerated the buildup of debt in an effort to keep households and firms afloat. Shortly after the pandemic outbreak (November 2019), the Trump administration issued an emergency stimulus … Continue reading The US National Debt Crisis
Economic growth and environmental sustainability are two of the most widely discussed topics today. While both of these issues are extremely important and cannot be easily prioritised over one another, it is widely believed that trying to solve one issue can only negatively impact the other. The crucial nature of maximising economic growth and achieving environmental sustainability where GDP remains “3.1% below pre-pandemic levels”, and … Continue reading Can economic growth and environmental sustainability coexist?
The world’s shortage of semiconductors has had ramifications for the entire globe. Shortages have caused a drastic decrease in the production of electronic parts for renewable energy industries, consumer electronics, and most of all, the automotive industry. If Taiwan’s manufacturing factories experience other lockdowns and closures due to further outbreaks of Covid-19, the effect of the semiconductor shortage could last longer and be more damaging … Continue reading How Long Will the Semiconductor Shortage Last?
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