All tagged Economy

Infrastructure Development in India: Progress, Challenges, and the Path Ahead

Infrastructure Development in India: Progress, Challenges, and the Path Ahead

Karnik Aswani
International Affairs

Infrastructure development is crucial for promoting economic growth in developing countries, and India is a prime example of this. Over the years, India has achieved significant economic growth, largely attributed to its investment in infrastructure. Among the critical infrastructure, transportation, energy, digital, housing, water, and education stand out as the most important ones in India. The government has launched various initiatives to improve the quality of these infrastructures, such as the Digital India program to promote digital infrastructure and the Pradhan Mantri Awas Yojana to improve access to affordable housing. Additionally, the Jal Jeevan Mission and Ayushman Bharat programs aim to provide clean water and healthcare facilities, respectively, while the Samagra Shiksha program focuses on improving education infrastructure. Investment in these infrastructures is vital for ensuring sustained economic growth and development in India.

Infrastructure Development in India: Progress, Challenges, and the Path Ahead

Infrastructure Development in India: Progress, Challenges, and the Path Ahead

Karnik Aswani
International Affairs

Infrastructure development is crucial for promoting economic growth in developing countries, and India is a prime example of this. Over the years, India has achieved significant economic growth, largely attributed to its investment in infrastructure. Among the critical infrastructure, transportation, energy, digital, housing, water, and education stand out as the most important ones in India. The government has launched various initiatives to improve the quality of these infrastructures, such as the Digital India program to promote digital infrastructure and the Pradhan Mantri Awas Yojana to improve access to affordable housing. Additionally, the Jal Jeevan Mission and Ayushman Bharat programs aim to provide clean water and healthcare facilities, respectively, while the Samagra Shiksha program focuses on improving education infrastructure. Investment in these infrastructures is vital for ensuring sustained economic growth and development in India.

Paradise Lost - The Damage Done by the Tourism Industry in Hawai'i

Paradise Lost - The Damage Done by the Tourism Industry in Hawai'i

Drew Pagaduan
Macroeconomic Policy

For decades, people from the mainland U.S. and abroad have seen Hawai’i as an island paradise of beautiful beaches, local generosity, and stunning vistas. This has led to a massive tourist industry across almost all of the Hawaiian Islands which sees millions of visitors every year flock to its shores to pour money into pursuing their island fantasies. However, this vision of Hawai’i has a dark undercurrent — decades of colonialism and resource extraction have resulted in economic, ecological, and cultural damage done to the people and land of Hawai’i. Despite claims of promoting the well-being and way of life of the Hawaiian people, the tourism industry largely functions to extract the value of the land and labor of the people.

Paradise Lost - The Damage Done by the Tourism Industry in Hawai'i

Paradise Lost - The Damage Done by the Tourism Industry in Hawai'i

Drew Pagaduan
Macroeconomic Policy

For decades, people from the mainland U.S. and abroad have seen Hawai’i as an island paradise of beautiful beaches, local generosity, and stunning vistas. This has led to a massive tourist industry across almost all of the Hawaiian Islands which sees millions of visitors every year flock to its shores to pour money into pursuing their island fantasies. However, this vision of Hawai’i has a dark undercurrent — decades of colonialism and resource extraction have resulted in economic, ecological, and cultural damage done to the people and land of Hawai’i. Despite claims of promoting the well-being and way of life of the Hawaiian people, the tourism industry largely functions to extract the value of the land and labor of the people.

Why America’s Economy Won’t Get Well Soon

Why America’s Economy Won’t Get Well Soon

Ariel Siton
Economics

If you watch the news about the current and future state of the American economy, you have likely heard nothing but depressing news. You have most likely heard that the American economy is heading towards a deep recession. You have also heard television news anchors and other commentators on social media platforms draw comparisons between the current state of the economy and its state in the 1970s and 1980s. These claims, while not entirely true, serve as a useful comparison to measure current developments in the U.S. economy. While this crisis is different from similar crises in the past, many of the same factors will extend the length of the current pitfall we as a nation are in. Nothing better illustrates the slowdown of America’s economy, among all sectors, than the recent hits to the the rental and for-sale housing markets.

Using Canada as a Future Indicator for the U.S.

Using Canada as a Future Indicator for the U.S.

Jack Geiger
Economics

Republicans and Democrats can both agree on the fact that the coronavirus is costing the US economy a substantial amount of money. Stimulus is nearly entirely funded through government issued debt, or bonds. Debt has been a gargantuan issue for the US government for the last decade, which leaves Democrats and Republicans fighting over the size of stimulus bills. Canada’s rationale and commentary behind their recent stimulus measures may prove insightful to the United States in deciding how to proceed. The stakes are rising as countries get deeper into debt and the economic horizon is still uncertain. One strategist commented, “Canada could come off as heroic if this spending is done right…If Canada fails, all the emergency spending might have been done in vain because we won’t have the capacity to power the post-vaccine recovery” (Vieira and Mackrael, 2020). As the United States legislature debates another stimulus bill, lawmakers should consider the reasons behind Canada’s recent economic actions.

Effect of International Students on the US Economy

Effect of International Students on the US Economy

Shreya Sharma
Economics

Of the 19.9 million students that attend college in the US, 1 million of those students come from countries from around the world. In light of the pandemic, many of these students have not been able to travel back to their home countries due to travel bans and the danger of traveling abroad. But as per the policy issued by Immigrant and Customs Enforcement (ICE) during the week of July 6th, all international students were forced to leave the country as numerous colleges transitioned to online/hybrid classes for the fall. Under its policy, ICE ruled that all students with study visas will not be allowed to take a full course load or continue living in the United States if their colleges have transitioned to online-only for the fall semester. The policy also states that students that have previously left the country will not be allowed to return either. ICE put this policy in place due to the “extraordinary circumstances” posed by this virus and are calling for a suspension of employment and student visas. Colleges across the country decided to take a stand against this new policy and although the final verdict resulted in the policy being revoked, it is important to recognize the impact these students have on the US economy and our global standing.

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