World Economy and Business

Important Juncture of Economic Growth. We are at a juncture in which economic progress is about to boom. Everyone in the industry knows it. But fear to proceed, because of inflationary apprehensions. Industry fears to expand and grow at a phenomenal rate, post-COVID, even with abundant high-quality human resources in the market. Artificial Intelligence made redundant jobs obsolete and freed up more human resources, further increasing the availability of highly skilled professionals. AI is not causing job loss. However, the Industry is not expanding with more jobs at a rate, AI is making the industry grow. Because the Industry fears inflation will go to uncontrollable levels. Skilled and Unskilled Labor We have to promote both skilled and unskilled workers' job prospects by expanding Manufacturing, High-Tech, and Services Industries. The real value of money lies in a country's Human Resources, not in Gold or Printed Notes. We have to promote Small Businesses in Developed and Dev...

  This article is about Stable Coins pegged at CBDC. We will discuss the KYC requirements of that stablecoin, interoperability between different stablecoins, prevention of money laundering, and how it can be used by people around the globe. Stablecoin pegged at CBDC Let's begin with the new meaning of stablecoins. Stable Coins will be assets pegged at Central Bank Digital Currencies ( CBDC ) like US Dollars, in the case of USD CBDC. A stable Coin's value increases and decreases based on the value of the underlying Currency not on speculation. Every country will have its own CBDC pegged at their own country’s currencies. KYC Requirements of Stablecoin CBDC KYC Requirement for underdeveloped countries, where there is no public infrastructure available for full KYC or where it is expensive to provide full KYC can use partial KYC by using their Smart Phone or their Feature Phone numbers. This partial KYC can only be used for small amounts of transfers like day-to-day expenses. To d...

In this article, we discuss the Inflation in the world economy, why there is no need to worry about recession in the near future, and why we should increase the production of goods and services. Also, I discuss the availability of a sophisticated workforce, which was hitherto unable to come out due to societal pressures. Also, I discuss why there are going to be higher standards of living for the educated workforce. No Recession in the near future We need to fundamentally accept the fact that inflation is going to remain high in the near term for the correction due to the pandemic to recede, despite all the efforts the US Federal Reserve is taking like increasing the interest rates. We need to find ways where we can thrive in the state of high inflation and not dampen the economy. We can’t put less money in the hands of those salaried people, who are facing the brunt of increased prices and demanding salary hikes. In the open market, salary is going to increase as there is a sophistica...

  Small businesses are the backbone of the economy, especially if you are in a developing country. Small businesses give employment opportunities and livelihood to a whole category of people who want to run their own businesses and to those who depend on them. In this research paper, we are proposing a huge change in how a small business model can be perceived, designed, and executed by a new small business owner, who wants to start one or a veteran of small business. By providing the necessary resources and knowledge on how to start and successfully run a small business through a consultancy model, this research paper will bring about a huge change in the economic status of small business owners, in turn positively impacting the country and giving employment opportunities for a whole new breed of tech-savvy young people. Goals Consultancy : The goal of this research paper is to give an overview of the proposed model of consultancies for small businesses. This model is derived by b...

If you are in a country like Sri Lanka, Pakistan, or poorly performing countries with excessive debts, promoting small businesses is a viable option instead of giving subsidies that can’t be sustained and that can’t solve the economic problems faced by those countries. It is also the right time in developing and developed countries to start a small business if you are planning to start one. We will get into the nuances of starting a small business, but before that be aware that small businesses are going to thrive because we have more motivated skilled labor and passionate entrepreneurs present than at any other time in the recent past. So what does a modern small business need? We will do a soul search before delving into the practical aspects of it. Passion   The first thing a small business person requires is passion. If you want to start a business, you should have a passion and love for that particular business. Only a passionate baker can make cakes that can compete with the ...

  In this research article, we are going to discuss the cause of inflation in the American economy which not only affects the American economy but the conglomeration of the world economy as a whole. We are also going to discuss the practical remedial measures, which will automatically bring down inflation, in turn facilitating the American Federal Reserve to decrease the interest rates. The increase in interest rates is causing havoc in the American economy, the side effects of which can be felt in several prominent US banks failing and tech companies reducing their employee strength as a precautionary measure. Goals 1. Explain the background and the cause of inflation:  We will discuss the causes of inflation which takes its root to the COVID-19 pandemic and discuss in detail its effect on the American economy and the world economy as a whole. 2. Solutions for taming inflation:  In this research paper, we will discuss the steps necessary to be taken to bring inflation do...