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Economics

Russia already spent over US$167 billion on war against Ukraine – Forbes

In a year and a half since the start of its full-scale invasion, Russia spent about US$167.3 billion on the war against Ukraine, of which US$34 billion worth of equipment were destroyed by Ukraine’s Armed Forces alone. Source: Forbes calculations based on data from the General Staff of …

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Iran and Sudan’s Rapprochement in 2023: New Changes in the Regional Geopolitics of the Middle East

The Middle East is a strategic region that connects Asia, Africa, and Europe and has significant natural resources, especially oil and gas.  The Middle East is also a source of various conflicts and crises that pose threats to regional and global peace. The change in Middle East politics …

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Silk Road vs Spice Route: IMEC and its Implications

PM Modi’s opening remarks at the G20 Meeting made references to overcoming the crisis of mutual trust among nations and the turbulent state of the global economy. The culmination of the G20 Summit 2023 in Delhi has resulted in some crucial developments in the global arena. India’s PM …

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Jordan’s Economic Challenges: Rethinking the IMF’s Role

Eng. Saleem Al-Batayneh In the complex world of international economics, nations often turn to international institutions like the International Monetary Fund (IMF) and the World Bank for guidance and financial support during times of economic turmoil. These institutions present themselves as purveyors of structural economic reform, promising to …

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Diplomatic Maps and Geopolitics: Jordan at a Crossroads

Eng. Saleem Al-Batayneh In the complex realm of political geography, a mere glance at the map of our region tells an intricate story. Jordan, a nation with a history that resonates through millennia, stands today at a pivotal juncture. The profound transformation unfolding in the Middle East is …

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The Dominance of Banks and Corporations in Jordan’s Economic Landscape

Eng. Saleem Al-Batayneh Historically, sound economic management has been a catalyst for societal progress, prosperity, and growth. The judicious management of a nation’s resources not only bolsters its financial standing but also provides the necessary means to invest in crucial sectors such as education, healthcare, transportation, infrastructure, and …

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BRICS: Can it form multilateralism in Outer Space?

Paula Smith In January 2023, Russia’s assertion regarding the deteriorating relations with the United States had far-reaching consequences, particularly concerning their participation in the International Space Station (ISS) program. Moscow’s stated intention to withdraw from the ISS by 2024 has engendered significant uncertainties, posing serious questions about the …

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Why globalism failed

What went wrong for the globalists? Not so long ago, the West was captivated by visions of the ‘End of History’. Francis Fukuyama, Thomas Friedman, Kenichi Ohmae and others envisaged the permanent triumph of a global neoliberal order. They foresaw the emergence of a system controlled by an …

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Why America Is Losing the Tech War with China

David Goldman It is simply too late to try to suppress China. The United States must either spend seriously on research and development, along with industrial policy, or it will lose the race for twenty-first-century technological supremacy. Western media, for the most part, has ignored a remarkable array …

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