Research Assistant
Zahra Niazi is a Researcher at the Centre for Aerospace & Security Studies (CASS), Islamabad, Pakistan. She holds a Masters in Development Studies, with majors in Peace, Conflict and Development, from the National University of Sciences and Technology (NUST), Pakistan. Her research interests include Sustainable Development, Peace and Development, and Development Economics.
In the wake of Israel’s ongoing genocidal aggression in Gaza, Pakistanis have rallied in solidarity with the Palestinians in large numbers through street demonstrations, digital activism, and by responding to the calls for a boycott of products belonging to companies complicit in Israel’s violation of Palestinian rights.
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In the book Public Value and the Post-Pandemic Society, author Dr Usman W. Chohan discusses the ‘post-pandemic’ era through the prism of Public Value (PV) scholarship. The first section of the book, titled ‘Changes and Transitions,’ examines the notions of value transition and value stability in the context of the post-COVID era and discusses the two most salient manifestations of challenges to the post-pandemic society, including stagflation and the great resignation.
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2023 began on a dismal note for Pakistan’s economy, as foreign exchange reserves were fast-depleting, remittances and exports were declining, the rupee was depreciating, industrial production was decreasing, and inflation surged – resulting from a confluence of multiple internal and external factors. In the months leading up to June, newspaper and media headlines continued to warn that the country’s economic crisis could soon morph into a sovereign default without a bailout loan from the International Monetary Fund (IMF).
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In ‘Geo-Economics: The Interplay between Geopolitics, Economics, and Investments,’ Joachim Klement delves into the intricate relationship between geopolitical events and the world of finance and investment. Through evidence-based data and analysis, Klement explores how geopolitical trends shape the global economy and financial markets, both in the present and the foreseeable future.
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On 19th October, 1973, immediately following the Nixon administration’s affirmation of a USD 2.2 billion military aid package to Israel in the aftermath of the Yom Kippur War, the Arab states responded by imposing an oil embargo on nations supportive of Israel. The resultant oil price shock was so grave that in the United States, gasoline prices increased by up to 40 percent in a matter of months, leading to rationing of fuel resources, the formation of hours-long lines at gas stations across the country, and polarisation of politics at home.
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Globally, an economic downturn has been observed in 2023, and the global growth forecasts for the year have been downgraded from their 2022 levels. The present working paper aims to explore causes and consequences of the global economic slowdown in 2023, highlight the potential sources of upside and downside risks to the global economy, and analyse the future growth outlook for 2024 and beyond.
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All views and opinions expressed or implied are those of the authors/speakers/internal and external scholars and should not be construed as carrying the official sanction of CASS.