Dhriti Khanna's blog

The Trade War between China and the USA

Tariff means that a country imposes taxes on imports with another country. This is done to motivate people to buy goods manufactured in one’s own country rather than buying imported goods at higher prices.

The Balance between Economic Growth and the Environment

The Nobel Prize in 2018 has been awarded to two American economists: William Nordhaus (77) and Paul Romer (62). They have been chosen for this honor because of their very novel contribution to the research connecting economic growth and the environment. They have come up with a complex model depicting the effect of environment perturbance on economic growth. We already were aware that the harm we do to our nature affects our health, our resources, the ecological balance etc.

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