Crisis Archives - Political Economy Journal

Chip shortages are creating a new crisis in the world

14

Apr

China, Chip, COVID-19, Crisis, Huawei, shortages

Chip shortages are creating a new crisis in the world

BY: Soheil Seyed Jamali PEJOURNAL - The world is currently in a COVID-19 pandemic crisis. The outbreak of this mysterious disease has affected most countries of the world for over a year and has caused many problems. The economic crisis can be considered the biggest and worst result of this virus. According to our current knowledge, the virus started in China and later spread to the rest of the world. Industrialized and rich countries have more production and industrial centers than Third World countries. Thus, the spread of the virus within those countries has complicated the crisis both for them…

From history; The unforgettable crises in Turkish foreign policy

07

Mar

Crisis, Erdogan, Mustafa Kemal Ataturk, The Hood event, the Mavi Marmara, Turkey, Turkish foreign policy

From history; The unforgettable crises in Turkish foreign policy

BY: Begüm Burak* PEJOURNAL - The founder of Turkish Republic Mustafa Kemal Ataturk’s conduct of state affairs and foreign policy vision approach was first declared in his 1931 speech during his tours of Anatolia. Atatürk’s saying “Peace at Home, Peace in the World” is seen as a central principle of the state administration and foreign policy steps. Unfortunately this vision has been undermined not only in Turkish scene but also in global scale. The world scale wars civil uprisings pose a big challenge peace in the world. Due to her strategic geographical location and critical role as the only democratic…

De-Dollarization: Removing the Dollar, Strategies and Efforts

05

Mar

China, Crisis, De-Dollarization, Dollar, Global Economy, Marshall Plan, Russia

De-Dollarization: Removing the Dollar, Strategies and Efforts

BY: Danieal Ranjbar PEJOURNAL - From the 1940s, during the post-World War II reconstruction of Europe under the Marshall Plan, the dollar became the dominant international currency. But now, after all these years and the occurrence of several internal developments in the United States and internationally, the dominance of the dollar is threatened. The introduction and gradual strengthening of digital currencies, including bitcoin, was another reason for the removal of the dollar from the financial exchanges of some countries. Russia and China, as the first countries to eliminate the dollar, succeeded in doing so and removing the dollar from their…

Rising unemployment and inefficiency crisis in The UK

01

Feb

AstraZeneca, Brexit, Crisis, English Virus, inefficiency, The UK, unemployment

Rising unemployment and inefficiency crisis in The UK

The UK is experiencing conditions these days that have affected the rate of hope for the future among the people of this country. According to the UK Statistics Centre, the unemployment rate in the quarter ending November last year (2020) reached its highest level in nearly five years. During this period, about 1.720,000 people were unemployed, indicating that 418,000 people added to the number of unemployed (mainly the age group of 25 to 34) compared to the previous year, and according to tax data, the number of salaries last month was about 828,000 fewer than in February 2020. Although official…

01

Feb

Crisis, foreign policy, Iran, Post-Trump, soft power, the United States

Iran and the US soft power crisis

BY: Dr. Yosouf Seifi* PEJOURNAL - Post-Trump America is facing a soft power crisis in the field of foreign policy. The crisis has weakened US power in the world and has noticeably questioned the legitimacy of the country's international policies and actions. This is a serious issue for Washington, and the need to overcome it is simply harvestable from Biden's positions and his promise to return "Good America." The role of the United States and the JCPOA in the future of Washington's policy of promoting its soft power raises the question of whether Iran should accompany the United States to…

10

Oct

Crisis, Electricity, Iraq

Iraq’s Electricity Crisis

BY: Danieal Ranjbar PEJOURNAL - Seventeen years after the US occupation of Iraq, and despite spending tens of billions of dollars in Baghdad to get out of the electricity crisis, Washington's interests demand that this problem remain unresolved. Every year in the summer, with rising temperatures and rising electricity consumption and the government's quota for municipal electricity, large demonstrations are held throughout the country, especially in the southern provinces. This year, large numbers of Iraqis in different provinces have taken to the streets again to protest the poor state of services, unfair distribution of electricity and poor living conditions, calling…

The next subprime crisis could be in food

14

Sep

asset market volatility, COVID19, Crisis, demise of small businesses, Food, food insecurity

The next subprime crisis could be in food

BY: Rana Foroohar PEJOURNAL - Of all the many problems caused by Covid-19, three of the most visible have been food insecurity, the demise of small businesses and asset market volatility. All of those things might be poised to get worse, thanks to an unexpected but important financial shift. Big banks, including ABN Amro, ING and BNP Paribas, are either pulling out of commodity trade financing or scaling it back. This will leave a funding hole for some farmers, agricultural producers and distributors, as well as grocery chains and other small and medium-sized companies that represent crucial parts of the…

12

Aug

Crisis, Houthi, Iran, Saudi Arabia, United Arab Emirates, Yemen

Yemen Crisis; External Intervenes

BY: Daniel Ranjbar PEJOURNAL - War and violence have dominated the contemporary history of Yemen, a nation that has survived decades of armed rebellion and uprising to split and reunite into two countries. The civil war in Yemen has been a battle between the two factions, each calling itself the Yemeni government since 2015 with its supporters and allies. The war between the government forces of Abdul Mansur Hadi and southern Aden is based on the conflict between Aden and former forces of Ansarullah and pro-Ali al-Saleh. Ansarullah’s forces marched into Taiz Province on March 22, invading other parts of…

Foreign Policy: The Pandemic Could Be the Crisis Liberalism Needed

14

Jul

Corona virus, COVID19, Crisis, foreign policy, Geoeconomics, Liberal economies, Liberalism, PANDEMIC

Foreign Policy: The Pandemic Could Be the Crisis Liberalism Needed

BY: Matt Warner* , Tom G. Palmer* PEJOURNAL - The world may be reaching a dangerous inflection point for liberalism. According to the latest reports from Freedom House, over the last 15 years the share of unfree countries in the world has risen while the share of free countries has dropped. Today, government deficits are spiking in response to the public’s demand for intervention to mitigate the economic impact of the coronavirus pandemic, and some warn that authoritarian leaders are seizing the opportunity to expand their control. Still, this may be a time when liberalism starts to gain ground, not…