Skip to main content

Posts

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...
Recent posts

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...

World GDP and the Future

Photo by David McBee Gross Domestic Product (GDP) measures the monetary value of all products and goods produced within a country’s border in a specific period of time. It calculates the total output of a nation. There are different types of GDP, such as Nominal GDP, Real GDP, and GDP per capita. Nominal GDP focuses on the raw GDP without considering the inflation, only current prices. Therefore, it may not be a hundred percent accurate and may include overstated or understated economic growth.  Real GDP calculates the actual economic growth regardless of price changes. The inflation is adjusted by using constant prices from a base year. It is an effective method of learning about economic growth without the impact of price changes.  GDP per capita is the GDP divided by the total population of a country. It measures the standard of living and average economic output per person in that nation.  Our today’s focus is, however, not on any of the above types of GDP. Here we w...

What is Quantum Computing

  Quantum computers are advanced computing systems that use the principles of quantum mechanics, physics governing the smallest particles in the universe, to process information in ways that traditional computers cannot. Unlike classical computers, which process data as binary bits, 0s and 1s, quantum computers use quantum bits or qubits that can represent 0, 1 or both simultaneously. This ability is called superposition, which allows quantum computers to do multiple calculations at once.  Quantum computers are really good for solving and finding solutions for large problems and issues because of their systems. Some examples include issues related to cryptography, optimization, and artificial intelligence.  Challenges in Quantum Computing Quantum computers can be easily disturbed by their environment which can lead to loss of information. At the moment, quantum computers have higher rates of errors compared to classical computers. However, they are continuously being deve...

What Do We Have for Our Future Generations?

  We are heading towards a dangerous era with the current climate change and environmental crises. According to a new research, an additional  41 days of dangerous heat is expected in the forthcoming year. This is an alarm for us since as long as we don't take the essential actions, we are going to suffer more and more. This year, the severe climate crises impacted the lives of billions of people. From the excessive heat to severe droughts across the globe. We are continuously receiving the signs and warnings of a disastrous world for our future generations if we go on with this approach.  Let's take responsibility of our actions and work towards a better future on this green planet. 

The Effect of AI on the Labor Market

To gain something we need to give up on something else. This is the scenario in the job market at the moment with the emerging technology, especially Artificial Intelligence (AI). There are heated discussions about the extent of damages and benefits of AI for people and companies.  According to Goldman Sachs, an investment bank, it is estimated that 300 million jobs in various fields can be lost or see a decrease in demand in the United States and across European countries. The World Economics Forum reported in the Future of Jobs Report 2020 , it is estimated that in 2025 the labor market “across 16 industries and 26 economies” will be affected by AI. It is reported that 85 million jobs will be lost or influenced, while 97 million jobs will enter the market or will see an increase in demand. Most of the newly emerged and increased jobs are tech-related jobs, such as Data Analysts, AI and Machine Learning Specialists, Robotics Engineers, Software and Application developers, and many...

Best Sources to Find Economic Related Information

  We have nearly 200 countries on this planet, each with its own population, location, size, and economy. There are multiple sources that you can find online and get updates about the economy of the world. These are 5 most updated and authentic sources that provide you with the most up to date and authentic data regarding each country's economy.  Word Bank The World Bank was founded in 1944 and has 189 members (countries) at the moment. It is one of the largest international financial institutions in the world. It has partnerships with countries and provides funds and loans to the governments of countries in need to help them with economic development. The World Bank provided authentic and up to date information about the economic situation of nearly all countries too. You can find the link to its website here: https://www.worldbank.org/ext/en/home or search World Bank.  International Monetary Fund (IMF) The International Monetary Fund is an international organization wi...

Three Years

  It has been three years.  Three years of darkness for Afghan girls and women. Since August 2021 Afghan girls are prevented from attending higher education. Millions of girls are imprisoned in their houses. Dreams have turned into ashes and there is no hope. Education is one of the basic human rights, yet Afghan girls are denied this right for three years.  #letafghangirlslearn 

Miecheed

  Miecheed is a useful place where you can find educational information about education and tech related topics. You can access it through this link: www.miecheed.org Follow it on different social media platforms! 

What is Green Growth

  Green Growth is a fundamental shift in economic thinking. The purpose of this shift is to alienate and make economic development with environmental well-being. It refers to alternative methods of economic development that prioritize environmental sustainability. It emphasizes that economic growth should not happen at the cost of natural resources. A critical aspect of green growth is the development and adoption of sustainable technologies. These innovations minimize negative effects on the environment while promoting economic developments. Green growth also emphasizes investments in activities, infrastructure, and assets that lead to lower carbon emissions and pollution. It can help the environment and improve the economy by providing new opportunities and bringing new ideas to the industry. Green growth strategies protect biodiversity and ecosystem services.   Moreover, there are various global environmental risks that influence people and the economy around the world. P...

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 ...