January 17, 2021
One of the largest economic shocks that have marked 2020 was the tremendous decline of oil prices that broke the minimums of 2016 and reached the levels of 2003 [Markets.businessinsider.com, 2020]. In 2020, the estimated oil demand dropped by unprecedented 9.7% compared to 2019 [OPEC, 2020]. Strict quarantine measures, as […]
January 7, 2021
Corruption remains one of the main threats for global development as it persists in the majority of countries. It is a major challenge not only for developing states, but also for the advanced ones. Data shows that annual costs of corruption, bribery, theft and tax evasion, and other illicit financial […]
October 25, 2020
The coronavirus pandemic has drastically changed the world. Higher education has been one of the most affected spheres so far. While some see the pandemic as a chance for a revolution long-awaited in the academic sphere, others focus their attention on immediate challenges and threats it has brought with it […]
October 25, 2020
Participation of children in activities such as helping their parents at home, assisting them at work, and earning pocket money during school holidays is considered to have a positive contribution to the acquisition of children’s skills and experience and to help them to be productive in society in adulthood. However, […]
October 25, 2020
United Nations Convention on Contracts for the International Sale of Goods shortly known as (CISG) developed by the United Nations Commission on International Trade Law (UNCITRAL) and signed in Vienna in 1980 which came into force after the ratification of 11 countries in 1988 (UNCITRAL.org, 2019). Currently, 93 countries are […]
October 25, 2020
Agriculture remains one of the strategically important sectors of the world economy. It provides food security and many raw materials for other related industries and manufacturing. In middle and low-income countries employment in agriculture remains high, while in advanced economies it is insignificant. However, differences in productivity between these two […]
September 8, 2020
During the traditional Munich Security Conference in February 2020, the U.S. delegation widely publicized the security risk arising from the Chinese telecommunications company Huawei’s 5G technology. In addition, the enduring global campaign of the United States to boycott Huawei during the last three years has been widely discussed at almost […]
July 20, 2020
While transportation services are experiencing enormous difficulties all over the world due to the coronavirus pandemic, China opened a new transport corridor to Uzbekistan through Kyrgyzstan. On June 5, 2020, the train loaded with cargo containers departed from the city of Lanzhou, the capital of the Gansu province, to the […]
July 10, 2020
World Trade Organization’s Regulation Harmonization with Other Organization: Eurasian Economic Union
World Trade Organization (WTO) has been established as GATT in 1947 with the purpose of reducing the tariffs on goods and services to boost the global economic output. The reason why GATT has been turn into World Trade Organization in 1995 is because GATT regulations especially in terms of services, […]
July 6, 2020
The novel coronavirus outbreak affects almost every area of life in many parts of the world. With the arrival of summer, the tourism industry was expected to revive. However, this tourist season is far from the previous years’ activity due to the pandemic. Because of the highly contagious virus, businesses […]