“Democracy is not the law of the majority, but the protection of the minority”, was correctly quoted by Albert Camus. Democracy has always been the most critically acclaimed institutional configuration, which understands the needs of citizens, ideates numerous policies for their welfare and safeguards their interests. Under this form of government, there are primarily two types of systems parliamentary and presidential.
Month: January 2020 Page 1 of 5
The First Forum is an initiative which focuses on covering the latest happenings in a brief format. This is in lieu with the importance of knowledge about current happenings in this fast changing world.
In the Fourth Edition of The First Forum we would be covering the following:
2. Society and Culture
In this time of resistance within India, the government has every incentive to appease the people whose patience for ‘Acche Din’ has been wearing thin over the past months. Unfortunately for them, their budget doesn’t deliver on any of these high expectations and could have long term consequences for the country. Currently, we find ourselves in economic turmoil. For the past ten months, all four indicators of the consumer economy – passenger vehicle sales, tractor sales, broadband subscriber base, and air passenger growth – had been below the five-year average trend. Abhijit Banerjee, the Nobel laureate, has even suggested that India is going through an economic recession. Customs duty collections, too, have been hit, falling over 12 percent till November 2019.
Lebanon, officially known as the Lebanese Republic is a country in western Asia that shares its borders with Israel, Cyprus, and Syria. it was a part of the Ottoman Empire until 1918 and post-world war I was captured by the French. The French troops withdrew in 1948 and the republic was then born.
Many of the most disruptive events for the world’s economies over the past several decades have originated in the world market for oil. The two oil price shocks in 1973 and 1979, as well as the sharp price increase at the beginning of the 1990s, were not really rooted in a narrow economic sense of supply and demand, but to a larger extent in security-related political developments. The supply of oil is one of the determining factors in this issue. Firstly, because oil is a limited resource, secondly because of its geographical distribution. Roughly 63 % of all worldwide oil reserves are concentrated in the Middle East. Therefore, this region is of strategic importance for the oil supply of industrialized western countries.
The First Forum is an initiative which focuses on covering the latest happenings going around in the world in a brief format. This is in lieu with the importance of catching up with these events in this fast changing world.
In this Third Edition of The First Forum we would be covering the following:
4. Science and Technology
What comes to your mind when you think of the Second World War? Death and destruction? Hitler and Nazism? Holocaust? Hiroshima and Nagasaki? The list goes on but certainly does not include high growth, stability, prosperity, nor economic expansion. Interestingly, however, the end of the Second World War marked the beginning of what came to be known as ‘The Golden Age of Capitalism’. A momentous period characterized by accelerated growth and expansion of the global economy.
The 1920s began with the last-man-standing returning, after having spent four years at the front-lines. They were coming back to their families, friends, and the life they had left behind to fight for their countries. The First World War had been good for America as it had been able to capture markets that used to buy from Europe and even after the war ended, countries continued to buy American goods. The Republican government adopted the policy of isolationism once the war ended and imposed import tariffs, leading to a boom in the economy.