Category: Economics
### Background and Purpose of CENTO The Central Treaty Organization (CENTO), originally known as the Baghdad Pact, was established in 1955 and modeled after the North Atlantic Treaty Organization (NA...
Category: Economics
Bilateral relationships are crucial in international diplomacy, exemplified by the close ties between Australia and Canada. Both countries not only share a constitutional monarchy, with the same titul...
Category: Economics
Background The development of international monetary cooperation has its roots in the 19th century, with various events marking the path towards more coordinated financial relations among nations. On...
Category: Economics
The balance of trade is a crucial component of the current account within a nation's balance of payments. The current account encapsulates various transactions, including income derived from the net i...
Category: Economics
#### Early Development of the Indian Automotive Industry The history of the automotive industry in India dates back to 1897 when the first car made its way onto Indian roads. However, during the 1930...
Category: Economics
Founding The associations that would eventually culminate in the formation of ASEAN can be traced back to the Association of Southeast Asia (ASA), which was established on July 31, 1961. This early c...
Category: Economics
**Origins of AIIB** The concept of the Asian Infrastructure Investment Bank (AIIB) emerged in April 2009 during the Bo'ao Forum, where it was proposed by the Vice Chairman of the China Center for Int...
Category: Economics
Governance Structure The Asian Development Bank (ADB) is guided by its highest policy-making body, the Board of Governors. This Board consists of representatives from each of the member states, highl...
Category: Economics
**Foundational Inspiration and Development** The Asia-Pacific Economic Cooperation (APEC) was conceptualized in the late 1980s, drawing inspiration primarily from the positive outcomes of the post-mi...
Category: Economics
#### Objectives of the AfDB The African Development Bank (AfDB) is driven by a mission that aims to combat poverty and enhance the quality of life for people across Africa. In achieving this mission,...