Notes and Study material for Exams
Brazil, Russia, India, China and South Africa (BRICS) BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as “BRIC” (or “the BRICs”), before the induction of South Africa in 2010. The BRICS members are known for their significant … Read more
International Organizations An international organization is an organization with an international membership, scope, or presence. There are two main types: International nongovernmental organizations(INGOs): non-governmental organizations (NGOs) that operate internationally. These include international non-profit organizations and worldwide companies such as the World Organization of the Scout Movement, International Committee of the Red Cross. Intergovernmental organizations, also known as international governmental organizations (IGOs): the type of organization … Read more
Various problems of developing countries are as follows:- The Uneven Pattern of Development:-The development gap has been widening for the very poorest countries. Lack of Resources for developement Inefficiency in resource use Inadequate Skilled human resources Stagnation in agricultural development Population Growth is one of the central problems of Economic Development. Some developing countries have … Read more
Bilateral, regional and global groupings and agreements involving India and or affecting India’s interests Historical Background India’s relations with the world have evolved since the British Raj (1857–1947), when the British Empire monopolised external and defence relations. When India gained independence in 1947, few Indians had experience in making or conducting Foreign … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Brazil, Russia, India, China and South Africa () is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010. … Read more
India relations with European Union The 1994 EU-India Cooperation Agreement provides the legal framework for EU-India relations. Since 2000, regular Summits have boosted political, economic and sectorial cooperation underpinned by the formation of the EU-India Strategic PARTNERSHIP in 2004. At the 14th EU-India Summit, held in New Delhi on 6 October 2017, the President of … Read more
In 1978, the World Bank, for the first time, constructed an analytical country Classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more
Here is a list of subtopics about the New Development Bank: History Membership Governance Operations Projects Criticism Future The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China, and South Africa (BRICS). The bank was founded in 2014 with the goal of financing InfrastructureInfrastructure and Sustainable Development projects in … Read more
The following are subtopics of Gross Domestic Product (GDP): Components of GDP Consumption Private consumption Government consumption Investment Fixed investment Inventory investment Net exports Exports Imports Methods of calculating GDP The expenditure approach The income approach The production approach Limitations of GDP GDP does not measure non-market activities GDP does not measure environmental costs GDP … Read more