ECONnect: Recent Episodes
Vea Choubey, Akshaya Swaminathan & Ananya Karel
On ECONnect, we’ll be breaking down real life events and explaining the economics behind decisions made by governments and other institutions. We will go beyond the standard news article by defining economic concepts and their real world applications.
Credits Art: Manya Garg Music: Vidhi Jhunjhunwalla
Unfortunately, the severity of Russia's assault on Ukraine has not yet changed. In this episode, we discuss nuclear disarmament, the Budapest Memorandum and the United Nations' role in wars. Stick till the end to hear Akshaya fan-girling about President Zelensky!
On Feb 24, 2022, Russia launched a full-scale invasion in Ukraine and was met with stiff resistance from both the Ukrainian people and the world at large. In this episode, we discuss the history of tensions between the two countries and the repercussions that Russia faces for its actions.
The simultaneous increase in price levels and decrease in economic output is called stagflation. This episode explains the meaning, causes and effects of stagflation by looking at the USA as an example.
Many countries have faced severe hyperinflation in the past. This episode explains the meaning, causes and effects of hyperinflation by looking at Zimbabwe as an example.
The Covid-19 pandemic has resulted in record inflation around the world. Inflation hurts consumers, producers, and nations. However, it is a well-known sign of economic growth.
Racism is a social evil, but a harsh reality of today’s world. However, its impact is also felt on the economy of nations. Why does it continue to exist?
The Department of Consumer Affairs has proposed changes to the Consumer Protection (E-Commerce) Rules, 2020. These proposed amendments have not been received well by the business community.
The 47th G7 summit was held in Cornwall, UK, from 11th to 13th June, 2021. A variety of topics were discussed and agreed upon by the seven member countries.
Fuel prices in India are reaching record high levels which is hurting the common man, business firms and ultimately the country’s economy.
A major issue in the mobilisation of labour in India is the increased involvement of women in the labour force. The lack of demand and supply of female workers is a huge drain on our economy and has several causes that are rooted deeply in societal norms.
Climate change is a harmful phenomenon in and of itself but it also has huge impacts on the economy. Reversing these impacts requires new economic policies that also reverse climate change. This should be our top priority.
Bangladesh’s economy is growing because of the EU’s Generalised Scheme of Preferences program and other trade preferences. This has given Bangladesh the ability to help its neighbouring countries that are in crisis.
The pandemic, among other things, has impacted the semiconductor chip supply chain leading to a global shortage. This is affecting the industries that use these chips in their production line and also has an impact on our everyday lives.
Russia has sent multiple consignments of their Sputnik V vaccine to India to help with the ongoing shortage in the country. India’s pharmaceutical company Dr Reddy’s Laboratories has signed an agreement with RDIF to produce this vaccine in India by August.