After the end of WW2, the Bretton Woods institutions were formalized, which helped the US to maintain dollar supremacy in the global world. Since then the USD is ruling the world despite massive international shocks such as International Financial Crisis (2008-2009).
Due to the geographical proximity of Russia to other European countries, it had become one of the major suppliers of hydrocarbons to Europe. On the other hand, the US was also at the top for supplying the gas in form of Liquefied Natural gas (LNG), but the Atlantic Ocean remained a hurdle to rely fully on America’s gas.
Pre Sino-Japanese war, the Island named Taiwan was ruled by the Qing Dynasty along with mainland China. When the war with Japan broke out in 1895 over the territorial issue of the Korean peninsula, the Japanese army took complete control of Taiwan.
BRICS has emerged as an effective organization in the wake of recent globalization. BRICS, which stands for Brazil, Russia, India, China, and South Africa, is a politico-economic organization.
The competition bill in the US aims to infiltrate the Semiconductor manufacturing market with money and confrontation with China in the realm of research and technology rather than Hard-hand. However, this could affect its own allies’ interest because the current chip market’s major players are Japan, Taiwan, and the EU.
Pakistan’s democracy, undoubtedly, has not taken stable roots since its inception. In the history of all hitherto, Pakistan could not establish democratic norms and practices in the real sense. As far as the present time is concerned, the current political situations of the state manifest the failure of democracy.
“The democracy dies in Darkness” is a Washington Post Cover title that depicts media’s dire importance in a democracy. Media, which ensures freedom of people and expression, becomes the public’s voice, highlights issues, exposes wrongdoings, advocates transparency, and confronts mismanagement.