How Global Warming Affects Global Economy

As the temperature is rising globally, there are many concerns about its negative effect on the global economy. Global warming is caused by both natural factors and release of greenhouse gas, pollution and many more human activities that are harmful for the earth.

Global warming means that the overall temperature of earth is going up. It started from the pre-industrial era meaning from the early 1800s and is continuing to the very moment.

Global warming can have a negative influence on the global industry if it persists to increase like the past decades. Warmer temperatures, rising sea levels and extreme weather events can damage properties, infrastructures and sectors like agriculture, forestry, fisheries and tourism. The U.S. alone could face annual costs of $520 billion (if global temperatures rise by 4.5°C) or $224 billion less (at 2.8°C) due to climate change.

Global warming can cause disruptions worldwide. It can affect trades, supply chains and overall businesses and industries around the world and cause huge losses for the private and public organizations and governments. Agriculture is one of the most vulnerable sectors against global warming. It can be easily influenced and receive devastating damages caused by global warming and climate change such as droughts, floods, thunderstorms and other unseasonal events. Global warming can damage and harm many lives in several countries such as many African countries that rely on agriculture for the most part of their GDP.

By M. Nargis

Five Most Recent Technologies That Have Significant Impacts on the World

From thousands of years ago until now, we humans have always tried to develop and experiment with new things. In today’s world, improving technology is part of our lives, especially in the recent decades and a great example is the Internet. It had a global influence and opened a completely new world for us. The internet made new job opportunities and provided a great place for creativity. It also derived many new technologies such as social media. In this article, we are going to introduce five recent technologies that are having and going to have enormous impacts on us. These five technologies are: Generative AI, Enhanced Solar Panels, CRISPR-based Treatment, Exascale Supercomputers, and AI-Powered Scientific Discovery. 1. Generative AI Generative AI includes models like ChatGPT and DALL-E, is revolutionizing various industries by it abilities such as creating text, images and videos from simple prompts. The concept of making AI is not new. It has been around for ...

What is BRICS

BRICS consists of five and more countries including Brazil, Russia, India, China, South Africa, Saudi Arabia, Iran, Ethiopia, Egypt, United Arab Emirates (UAE), and Indonesia. These developing economies have joined together to build a stronger influence in the global market and between each other. BRICS was initially established in 2009 with four members, Brazil, Russia, India, and China. South Africa joined in 2010. The most recent member is Indonesia that joined in early 2025. The purpose of BRICS is to reduce the reliance of the member countries on the US Dollar. All the members are non-European/Western countries and seek new policies and methods to grow their economies without being affected by the Western countries. BRICS can affect both politics and economics around the world. According to the BBC, containing countries like China and India, BRICS has about 45% population of the world. And about 28% of the world’s GDP. Combining all the members annual GDP, it is...

What are Tariffs

Trade Barriers Trade barriers are any type of policy implemented by a government to constrain and control international trade. Trade barriers will affect imports and exports, making them more difficult or expensive according to the situation. Trade barriers are used for a variety of reasons. They can be implemented to increase and protect domestic goods over imported ones, manage the flow of goods in and out of a country, and for political reasons. Tariffs are a type of trade barriers. They are the taxes imposed on importers. When tariffs are implemented, they raise the taxes on imported goods, making them more expensive in price and lower sales. This process leads to an increase in the purchase of domestic products. Other types of trade barriers include: quotes, subsidies, import licenses, standards and regulations, and many more. Tariffs; The Process As mentioned above, tariffs raise the price of foreign goods for domestic consumers. When tariffs are imposed, the im...

The Power of Compound Interest Explained Simply

What is interest Interest is basically the cost you pay for borrowing money, or you earn interest by lending money to someone else. Types of interest There are two main types of interest: simple interest, and compound interest. 1. Simple interest is when you pay or earn interest (money) from your original amount of money, also referred to as principal. P = Principal (the starting amount of money) R = Rate of interest (per year, in %) T = Time (in years) For example, if you borrow $1,000 at 5% interest per year, in 3 year you pay: SI = (1000 * 5 * 3) / 100 = 15000 / 100 = 150 You pay $150 in interest after 3 years. Total = Principal + Interest = P + SI In the example: 1000+150 =1150 So you will have $1,150 after 3 years. 2. Compound interest is, in simple words, interest on interest. Compound interest is when you earn or pay interest on both your principal and its interest that has been added over time. This method allows your money to grow faster because...

EISHIEL

Search This Blog