Globalised Outlook

  Black Swan Events Coined by Nassim Nicholas Taleb, a Black Swan event refers to an incident that is extremely rare, has a severe impact, and is often rationalized in hindsight as predictable. These events are characterized by their unpredictability and massive consequences, making them challenging to prepare for and mitigate. In the context of global economics, wars can act as catalysts for such events by disrupting established systems and creating cascading effects across various sectors. The Immediate Economic Shock of War Wars often lead to immediate disruptions in global markets. For instance, Russia's invasion of Ukraine in 2022 caused significant turmoil in energy markets. Prior to the invasion, Ukraine accounted for 11.5% of the world's wheat exports and 17% of global corn exports . The conflict severely disrupted these supplies, leading to global shortages and price hikes. Additionally, Brent Crude Oil prices surged from $97.93 per barrel on February 25, 2022, to a pe...

                  Image Courtesy:- Getty Images Multilateralism in International Politics: Multilateralism, a cornerstone of international relations, refers to the cooperation of multiple countries on common issues, often institutionalized through organizations like the United Nations, World Trade Organization , and regional groupings such as the European Union (EU) and ASEAN . This system fosters diplomacy, conflict resolution, and collective action, but its relevance and resilience are increasingly being scrutinized.   Impact on Regional Groupings Multilateralism has significantly influenced regional groupings, facilitating trade liberalization, economic integration, and political cooperation. For example:   • EU : Multilateralism has solidified the EU as a global trade bloc, accounting for over 15% of global trade in 2023.   • ASEAN : Initiatives like the Regional Comprehensive Economic Partnership (RCEP) hav...

Humans never failed to astonish the natural laws, although sometimes they know the miracle they are doing will end up in absolute negative or neutral outcome but hunch of humans propels them to do so. We must be subservient to the required proportionality. Cosmo has always been better at manipulating you and to deviate you from agility to fragility but to stick with the requirements gives a possible and positive outcome. Like we say that "Data is the new oil in the modern age of technology" to almost do anything from construction, collaboration, competition , comparison to devastation of entire belonging to of a nation to the other, same in the sense in the ultra-high age of technology Artificial Intelligence seems shadowing the impact of data on by and large basis, where daata need a well researched and analysed pattern by an individual or organization, Artificial Intelligence needs none of the above to create something unimaginable. The way human transformed the computer in...

Not just the global order of geopolitics in phase of transition and conflict of interest or self-interest consuming the diplomacy but the new disorder has magnetic charm these days belongs to economics distress. Since the currency and market became the deciding factor in humans life , it's been quite hard to ignore what could be worst for a nation than loosing the enclaves or exclaves but hard to digest worst been the financial scam or crisis, which drags the gigantic economies into the gorge to centuries back.                     (Image courtesy :- Financial Times) Globalization made everything inter-connected , so economies are too. Since this February, invasion of Russia into the Ukraine for territorial gain, fueled the already worsened the situation by the pandemic. During pandemic where West Texas Intermediaries and Gulf crude oil's per barrel price went down to less than $10 , now as Russia as the largest exporter of co...

                         (Image Courtesy :- Dreamstime) ' The will to power exists, but it can be tamed and be guided by rationality and principles of moral duty'.   Where the world is facing some serious consequences of war between Russia and Ukraine; on the other side of the picture world is suffering from such catastrophic hunger which is a threat to the wider section of the society not only to the deprived sanction of the society but for those who like to see wholesome grain on their breakfast table, which doesn't create a threat to the malnourishment but to the hunger death too, basically for the African countries like Sudan , South Sudan , Mali , Tunisia, Madagascar and sub Saharan Africa and west African countries too. Well but no one thinking about to stop the unforeseen conditions of the ongoing war which could be a long sprint for both of the nation as no sign of stopping the war as said by the N...

One thing for sure that with the respective time human maturity evolved but refused to adopt the sanitary measures to interlope in any of the conflict which can create a total unculturable and unconventional approach to the solution which could have establish a global order in periphery of the rules to determine the adequate measures to permeable prorogation of the individual national interest which satisfy the expensive greed of superiority.                    ( Image courtesy :- vectorstock.com) After 30 years of long wars which came to end and first in the human history established a rule of law on which every nation bound to be followed now deteriorating with massive pace. You might have heard about the Treaty Of Westphalia 1648 , which created the rule of law and bounded on the nation that everyone need to respect sovereignty of a nation and shouldn't breach the signed contract. So the invasive nature of the nation event...