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How to Shop Ethically in 2022?

The amount that we buy increases every year. According to the National Retail Federation , American shoppers buy more and more every year, with an average increase of 4.4% annually, and a record increase of 8.2% in 2020. As we begin another year, consider adding ‘ethical shopping’ to your list of resolutions for 2022. Easier said than done, you may be saying! With so many guides to the “best ethical brands” in every industry, it can be difficult to know where to start. This guide will help you understand what ethical shopping is and how you can apply ethical shopping in your day to day life for all types of products. Read more about Green Tax  here. What is Ethical Shopping? At its core, ethical shopping is the practice of buying from companies whose values you support.  This definition, of course, leaves a lot of room for interpretation. For example, the values of an organization may be expressed in different ways, such as how they produce their products, how they treat thei

QUAD or No QUAD? That is the Question

QUAD is an informal strategic dialogue between four democracies namely India, the United States, Japan and Australia. The objective of this group is to secure the Indo-pacific region from Chinese expansion policy.   Origin of QUAD: 2004-2007 In order to understand the importance of the QUAD let’s see its origin first. The 2004 Indian Ocean tsunami was the first major disaster of the 21 st century in which thousands of people died, lakhs of people were displaced from their hometown, billions of dollar worth property damaged. That time the disaster relief and rescue operation in the Indian Ocean was led by the Indian navy. Within a few weeks the humanitarian and disaster relief effort was coordinated with three other major powers namely the United States, japan and Australia. In continuation to that in 2007 the former Japanese Prime Minister Shinzo Abe talked about the idea of confluence of two seas and the need for larger strategic coordination between the democratic parties In

RCEP: Why India is not the part of World’s Biggest Trade Agreement?

The Regional Comprehensive Economic Partnership or RCEP is a trade agreement involving 10 ASEAN nations namely (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) and five nations with which they have a free Trade Agreement, those are (Australia, China, Japan, New Zealand and South Korea). RCEP came into existence at the 37th ASEAN Summit hosted virtually by Vietnam. It is the world’s biggest trade deal comprising 15 countries, 2.2 bn people, combined Gross Domestic Product of $26.2 tn Till recently, India was also a part of the trade deal, which it decided not to continue with. We will see the reasons why India took such an important decision of not joining the RCEP. First let’s see what the conditions to join the RCEP trade deal are:   RCEP Requires members to: Decrease tariffs and non-tariff barriers against each other. Encourage investments, economic and technical cooperation like Foreign Direct Investments,

COVID-19 and Changing International Political Order

At the time of pandemic the world order is changing in a very structural sense. Today our world is in the state of chaos. This has been a matter of concern because earlier the world was not that much interconnected. But today when the information technology has revolutionised the way we see our world, the nations are so much interconnected, so that the chaos can have a multiplier effect. The famous Henry Kissinger in his book “World Order” had said that “there has never been a truly world order.” According to him the four vision of world order are:       I.         Westphalian State Centric World Order: It is based on the ideas of non-interference in domestic affairs. The principle of Nation Sovereignty will remains very sacred. India’s very famous the Panchsheel principle is based on this vision.     II.         Islamic world order of Darul Islam:   In this contemporary world we have been witnessing the rise of Islamic threat. Various terrorist organisations such as ISIS, Al

COVID 19 and recent changes in the Global Order

The corona crisis has only accentuated the recent changes in the global order. This article analyses 7 trends that have been emerging in the global order recently. 1.     The rise of Asia Till the 18 th century, Asia accounted for half the world’s GDP. The European naval expansion and colonialism followed by Industrial Revolution contributed to the rise of the Western world. Now the  balance is being restored whose first trend which became clear in the aftermath of the global financial crisis of 2008. The financial crisis of 2008 tested the  resilience of Asian countries . Even today, Asian economies have demonstrated greater agility in fighting the corona pandemic compared to western countries. The economic forecasts of International Monetary Fund (IMF) has indicated that out of the G-20 countries, Only India and China is expected to show a positive growth in 2020. It is true for other Asian nations as well which displayed a greater responsiveness against Corona and expected t