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Can The world trade without dollars?

Globalisation has made trading very easy. Today, you can buy and sell goods to anyone in any part of the world. When the USD became a global reserve currency as a result of the Bretton Woods Agreement in 1944, it also meant that the USD was used as an exchange currency to buy and sell […]

Economic Superpowers : The Next Era

Over the past few centuries, the world has seen many revolutions. Those which totally changed the way people used to live; those which gave might and grandeur to some countries, and at the same time took that away from others. The Emergence of new economic superpowers is linked to such revolutions. Back in the 1700s, […]

What’s Next in Indian Diplomacy

This is an interesting time in world politics – the USA wants to hold onto its position as a superpower while on the flipside China, a country whose meteoric rise in the 21st century makes it a worthy contender for the position of superpower. Both countries are gathering allies to become a dominant force in […]