Sanjeev Verma Ch38: Global Economy & International Economic Issues | WTO, US Dollar Dominance, Finan скачать в хорошем качестве

Sanjeev Verma Ch38: Global Economy & International Economic Issues | WTO, US Dollar Dominance, Finan

Welcome to Simplified UPSC by पठति पठत: पठन्ति! In this comprehensive discussion, we'll analyze the complex challenges facing the global economy, tracing their impact directly back to India's domestic policy space. This session covers key topics from Sanjeev Verma's Indian Economy, Chapter 38: Global Economy and International Economic Issues. We dissect the critical issues causing the WTO deadlock, particularly the conflict between India's National Food Security Act (NFSA) and the WTO's Agreement on Agriculture (AoA), focusing on subsidy boxes (Amber, Green, Blue). We then transition to the International Monetary System, examining the enduring dominance of the US Dollar, the role of SDRs as a potential alternative, and India's cautious stance on Capital Account Convertibility (CAC). Finally, we explore global financial stability, reviewing the lessons from the 2008 Global Financial Crisis, the significance of 'Too Big To Fail' (TBTF) institutions, the implementation of Basel III norms, and the emergence of new institutions like the NDB. This lecture provides essential facts and analysis crucial for both UPSC Prelims and Mains examinations. Join our Community for detailed lecture notes, PDFs, and practice questions: https://t.me/simplifiedupscbyppp If you find this analysis helpful, please Like, Share, and Subscribe! 📝 SUMMARY 📝 This lecture, based on Sanjeev Verma Ch5, details major global economic issues relevant to UPSC. It covers the WTO deadlock (NFSA vs. AoA, subsidy boxes), the dominance of the US Dollar, the potential of SDRs, and the challenges of Capital Account Convertibility. It also analyzes the 2008 Global Financial Crisis, TBTF institutions, Basel III norms, and the rising role of the NDB, focusing on policy implications for India and the required balance between global commitments and national interests. ⏰ TIMESTAMPS ⏰ 00:00 - Introduction to Global Economy Challenges 00:35 - Focus Area 1: World Trade Organization (WTO) Deadlock 01:45 - WTO: India's Food Security Act (NFSA) vs. Agreement on Agriculture (AoA) 02:08 - Understanding WTO Subsidy Boxes (Amber, Green, Blue Box) 02:25 - Market Access Issues: NAMA and GATS Mode 4 04:27 - UPSC Mains/Prelims Takeaways on WTO 05:07 - Focus Area 2: International Monetary System (IMS) & US Dollar Dominance 05:32 - Impact of US Fed Monetary Policy on Emerging Markets 05:57 - SDR (Special Drawing Rights) as a Dollar Alternative 06:04 - Currency Convertibility: Current Account vs. Capital Account Convertibility (CAC) 06:27 - Bretton Woods System and the History of Dollar Dominance 08:35 - UPSC Mains/Prelims Takeaways on Dollar and Convertibility 09:20 - Focus Area 3: Global Financial Stability & Crisis Reforms 09:51 - The Challenge of Too Big To Fail (TBTF) Institutions 10:34 - Roots of the 2008 Global Financial Crisis (Subprime & Leverage) 10:50 - Basel Norms (Basel III) and Banking Regulation 11:24 - Reforms in International Institutions: IMF Quota and NDB 12:40 - UPSC Mains/Prelims Takeaways on Financial Stability 13:28 - Conclusion and Interconnectedness of Global Issues #UPSC #IAS #UPSC2024 #IndianEconomy #SanjeevVerma #GlobalEconomy #WTO #DohaRound #WTOSubsidies #AgreementOnAgriculture #NFSA #AmberBox #GreenBox #BlueBox #InternationalMonetarySystem #USDollar #SDR #SpecialDrawingRights #CapitalAccountConvertibility #CAC #IMF #WorldBank #BrettonWoods #FinancialStability #GlobalFinancialCrisis #GFC #BaselNorms #BaselIII #TBTF #NewDevelopmentBank #NDB #BRICS #EconomyForUPSC #CurrentAffairs #GS3 #SimplifiedUPSC #IndiaEconomy #UPSCGS3 #UPSCPreparation #EconomyNotes #IndianEconomyBook #GlobalGovernance #TradePolicy #CurrencyConvertibility #RBI #Macroeconomics #EconomicSurvey #IASPreparation