The impact of globalization on world economy painting

International Monetary Fund (IMF) has announced a 3.2 per cent revised downward forecast to global growth in 2022 and 2.9 per cent in 2023. It has also revised inflation upwards to 6.6 per cent in advanced economies and 9.5 per cent in emerging and developing economies. The world’s three largest economies—the US, China and Europe—are stalling.

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GLOBALIZATION - Sutainable Development, Future Made Even Better Through Communication, Respect Diversity, Discover New Technology, Culture and Communication In The Age of Globalization, Economic Globalization

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Globalization - some definitions Jan Aart Scholte (2000: 15-17) has argued that at least five broad definitions of 'globalization' Globalization as internationalization. Here globalization is viewed 'as simply another adjective to describe cross-border relations between countries'. It describes the growth in international exchange and interdependence. With growing flows of trade and capital investment there is the possibility of moving beyond an inter-national economy, (where 'the principle…

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Kannika's painting won the First Place in an #International event organized by Art for Economy, the competition was organised in association with ICIER & IIMB

When fossil fuels are burned, they release large amounts of carbon dioxide, a greenhouse gas, into the air. Greenhouse gases trap heat in our atmosphere, causing global warming. In 2015, the world’s governments signed the Paris Agreement committing to reduce carbon emissions. A recent report by the UN shows that globally, we are on track to produce more than double the amount of coal, oil and gas by 2030 than we can burn if we are to limit global warming by 1.5C. More needs to be done. ⚠️