The Marshall – Lerner condition shows that the devaluation of the exchange rate should improve the trade balance if the elasticity of export demand and import demand are greater than one.
In recent years, the prices of raw materials such as oil…
In today’s world of modern infrastructure, with high-technology gadgets and world-class designs, we still face a global crisis: Good is being sold expensive. And the most affected by this crisis are the people of underdeveloped countries like the Philippines.
The least developing…
This year’s theme of the World Economic Forum (WEF) held in Davos, Switzerland, in May 2022 was “History at a Turning Point: Government Policies and Business Strategies.” Leaders worldwide were together to address the issues that shook the world, just like the…