In this article we will discuss about the trade problems facing the world today. Since 1945, there have been eight major multilateral trade agreements. The multilateral tariff reductions since World War II have taken place under the General Agreement on Tariffs and Trade (GATT), established in 1947. GATT was both an agreement and an institution (replaced in 1995 by WTO) [...]
There is, as always, another side to the coin. As many scientists have pointed out development in technology has led to the saving of the environment in many ways. Ridley (2002) writes "the invention of new technology is not necessarily a threat to the environment; rather it is usually the best hope of environmental improvement". This claim may seem far-fetched [...]
After reading this article you will learn about the problems of higher living standard. 1. Environment Problem: We are seriously polluting and destroying the ecosystems of the planet. We are likely to kill off millions of plant and animal species and to bring about major disruptions to the globe's climatic systems within a few decades. These are direct consequences of [...]