Steam Center Blog

Fair trade implies that a country does not face a major trade deficit with another country. Presently some fear that steps being taken by US to end the trade deficit with China may lead to trade wars. In any case, it is leading to a lot of waste of time, stress, negotiations and worries for lot of humans across the spectrum of trade and governance. Trade wars take place when a country imposes tariffs on some goods and in response the other country imposes tariffs on other goods. There is however a very simple way to fix trade deficit that avoids trade wars or minimizes possibilities of one. It has been mentioned in this blog earlier but seems it was not heeded. An even simpler version of the method is now repeated. Any country A that wishes to balance trade with another country B may adopt the following rule of tariffs In any financial year if A or B has a trade deficit in the previous financial year, then the country in deficit shall impose a tariff of X percent on ...

W hile   a race is on in the US to choose the next President, the world watches with interest because being the largest economy and strongest military power in the world particularly one that regularly intervenes in world affairs rather than refrain, whatever happens in America influences the rest of the world hugely. Of the seven candidates that still remain in the race the favorite of this author is Bernie Sanders. This is because Bernie wishes to fight against rising economic inequalities in the world, does not represent big money interests and stands for good human values like medical care for all. Bernie is particularly able to do this because he is being funded by the people and not big corporations and banks as most others He is especially good news for the world at large because he places more faith in peace than wars. More so, Bernie has a long and consistent record on working for these values and all this is not just a put on to win elections as many politicia...