IISPPR

FINANCE
aditya phad

Blockchain & Smart Contracts: Transforming Finance with Decentralization & Security

Blockchain and smart contracts are revolutionizing the financial industry by enhancing transparency, reducing costs, and eliminating inefficiencies in traditional systems. This article explores how decentralized ledgers and automated agreements are transforming banking, trade finance, real estate, and even the music industry. While blockchain offers immense benefits, challenges like scalability, cybersecurity risks, and regulatory hurdles remain. As financial institutions and policymakers navigate this technological shift, collaboration and innovation will be key to building a more inclusive and efficient financial ecosystem. Dive into this comprehensive analysis to understand the future of finance and the role blockchain will play in it.

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Climate Action
Bharadwaj Vangipuram Sridhar

Climate-Induced Migration from Tuvalu and Kiribati: The Future of Sinking Island Nations – Aarushi Mahajan, Bharadwaj, Anil Tamsoy, Sarabel Odero

Introduction Tuvalu and Kiribati, two low-lying island nations in the Pacific Ocean, are at the forefront of climate-induced migration discussions. With average elevations barely above sea level, these countries face existential threats from climate change, including rising sea levels, increased frequency of extreme weather events, and environmental degradation. These challenges not only jeopardize the habitability of their homelands but also compel communities to consider migration as a viable adaptation strategy. Understanding the environmental and geographic vulnerabilities of Tuvalu and Kiribati is crucial to comprehending the drivers behind this migration and formulating effective policy responses.   Environmental and Geographic Vulnerability Tuvalu and Kiribati are two low-flying islands and are majorly composed of coral atolls. Their maximum heights barely graze the 4.5 meters above the sea level mark. This geography renders them vulnerable to the effects of climate change, more so that of the rising sea level. In the coming 30 years, these countries may face at least a 15-centimetre rise in sea levels, regardless of future carbon emission scenarios (NASA,2024). This is highly alarming, bringing along with it natural dangers such as coastal erosion, seawater in freshwater bodies, and massive flooding. These problems pose a deadly threat to the very existence of these two islands.    Adding on to these worrying problems, the two islands are also geographically isolated, cementing the intensity of the risks at their horizons. Far-flung and scattered in the Pacific Ocean, these countries have little access to the outside world. Without access to external resources and technology, their options become very limited. They become dependent on local, climate-vulnerable resources for their livelihood. Which includes agriculture and fishing, both exposed to the evils of climate change.    Weather events such as tropical cyclones are increasing in their commonness and severity thanks to global warming. The Cyclone Pam in 2015 hugely crippled Tuvalu. It lost more than 25% of its national GDP (World Bank, n.d.). Such incidents not only pulverize their housing and infrastructure but also create socio-economic consequences in the long term, such as displacement of the population and loss of livelihoods.    These environmental issues lead to migration trends. In Kiribati, the migration is usually internal. People migrate from the outer islands to the capital, South Tarawa, to seek better livelihood opportunities and living conditions (UNU-EHS, 2015). While in Tuvalu, the migration is both internal as well as external. Most people seek to migrate overseas to truly escape the environmental challenges that they face (UNU-EHS, 2015).  But that is very restricted due to strict immigration laws of potential host countries leaving very few options alive for them.    Looking at the social and cultural aspects of their lives, one can see that it is also riddled with threats. The land is an important cultural hub. The reason for a culture to flourish. Migrating from it risks traditional livelihoods and social structures. It is an intense emotional and controversial turmoil for the people. It is not just a relocation of the physical form but the loss of a cultural identity. Throwing it away and reconstructing another identity is a slow and emotionally painful task.    Both the Tuvaluan and Kiribati governments have taken different approaches to fight back these issues. The government of Kiribati has been pushing forward the policy of “migration with dignity” where its citizens procure skills that will equip them in the global labor markets, opening new avenues to migrate more voluntarily and with more dignity (Migration Policy Institute, 2017). The Tuvaluan government has been directing its focus on advocating for stronger global climate action to fight the very need for relocation, wishing for its people to remain on their ancestral islands (IOM, 2012).    In short, the environmental and geographical vulnerabilities of Tuvalu and Kiribati are key drivers of climate-induced migration. Meeting these challenges is a. multifaceted task involving international cooperation to open migration channels, investment in local policies and strategies, and international efforts to reduce climate change. Identifying and responding to these vulnerabilities is the key to facilitating the resilience and sustainability of these island states. Migration Trends and Societal Impacts Migration trends in Tuvalu and Kiribati are heavily influenced by environmental degradation and resource constraints, making migration a critical adaptive strategy. Both nations, characterized by small land areas and increasing vulnerability to climate change, face growing populations that outstrip the capacity of their ecosystems and economies to support them. Kiribati, in particular, relies on weak natural resources, contributing to food insecurity while Tuvalu, although slightly better off, is also struggling with limited agricultural land and economic opportunities (“A Climate Justice Perspective on International Labour Migration and Climate Change Adaptation Among Tuvaluan Workers,” 2022).    In Kiribati, overpopulation, especially in South Tarawa, has prompted migration, which between 2005 and 2015 comprised one-third of international migration. Despite such statistics, the migration rate of this island remains relatively low compared to Tuvalu. This is largely due to the limited migration pathways available, especially for unskilled workers. Tuvalu has recorded a high international migration rate of 64%, with migration to countries like New Zealand and Australia being facilitated through programs like the Pacific Access Category (PAC) Visa (Curtain et al., 2019).  Looking ahead to 2050, migration from both countries is projected to increase due to the expected rise in pressure on resources and limited employment opportunities within the countries. While internal migration had certainly provided relief in the initial stages of battling climate change, it has today proven to be inadequate. The ability to migrate internationally is essential for both these island nations as it provides a much-needed income from remittances which in turn support families and communities within these islands, However, while migration offers substantial benefits to the migrants themselves, it has had significant societal implications (Curtain & Dornan, 2019).   The continued migration of the working-age population leaves a gap in the domestic labor market, exacerbating internal challenges for both nations, Economically, both islands also face fiscal challenges. Kiribati’s economy is projected to be heavily reliant on foreign aid and fishing revenues. With

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International Relations
Muskaan Grover

Evolving Terror Financing Methods: Traditional and Modern Aspects

Discover how terrorist organizations adapt their financing strategies, from traditional methods like state sponsorship and charities to modern tactics involving cryptocurrencies and blockchain technology. Learn about global efforts to counter terror financing in this in-depth analysis.

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Health
khushi Jain

Traumatic Brain Injury in Older Adults and Children: Prevalence, Causes, and Challenges

Khushi Jain, Bhumi Sharma Traumatic brain injury (TBI) is one of the leading causes of death and disability worldwide. It is one of the significant problems in older adults. In individuals aged 65 and above, TBI is the cause of more than 80,000 emergency hospital visits every year out of which more than half lead to hospitalisation. Adults aged 75 and older have the highest rates of TBI-related hospitalization and death. Falls are the leading cause of TBI for older adults (51%), and motor vehicle traffic crashes are second (9%) (Thompson et al., 2006). Age is also associated with comorbidities, such as diabetes, hypertension, and chronic renal failure, which may worsen outcomes. Also, a high percentage of older people use medications (e.g., anticoagulants and/or antiplatelets) which may worsen cerebral damage after trauma. The aged brain may be more vulnerable to TBI, with less plasticity and repair after injury (Kovacs, 2005). In addition, older people often present with alterations in cognition, memory, mood, and motor function (Glorioso and Sibille, 2011), which can hamper rehabilitation after TBI (Stocchetti et al., 2012). It has also been observed that an average of 634,000 incidents of traumatic brain injury (TBI) occurs among children each year in the United States, with the highest TBI-related emergency room visits occurring in children under the age of 4 years and adolescents 15 years or older (Li & Liu, 2013) Traumatic brain injury in children commonly involves the frontal lobes, and is associated with distinct structural and behavioural changes. Although injuries to this region are clinically significant during brain development, the mechanisms behind secondary damage and long-term recovery remain poorly understood (Chen et al., 2013). Understanding the unique vulnerabilities of both older adults and children to TBI highlights the need for targeted prevention, early intervention, and improved rehabilitation strategies to enhance long-term outcomes. Aging and Youth at Risk: The Impact of Traumatic Brain Injury on Older Adults and Children Research has demonstrated that age is the strongest clinical predictor of recovery from TBI, second only to measures of injury severity (Dikmen and Machamer, 1995; Vollmer, 1993). Advanced age is considered a negative prognostic indicator. Elderly individuals appear to be at an increased risk for poor outcomes following TBI (Goleburn & Golden, 2001). After a period of relatively low risk in middle adulthood, older adults are at an increased risk for head trauma beginning at age 65 and peaking at age 70 (Fields and Coffey, 1994). In the United States, the estimated annual rate of TBI in persons in the sixth and seventh decades of life is 150–200 per 100,000 people (Cooper, as cited in Goldstein and Levin, 1995). There are age differences in the physiological structures in the structures of brains of older people as compared to younger individuals that make them susceptible to subdural hematomas after a brain injury. For instance, cerebral decline that follows aging leads to stretching of parasagittal bridging veins, leaving them more vulnerable to severe effects even after a minor trauma. In events like a fall, the impact often causes these veins to burst, causing subdural hematoma. Biologically, with aging, white matter and vasculature become more susceptible to injury, injury response mechanisms such as autophagy is dampened, and prevalence of pre-existing neurological or systemic comorbidities increases. Unsurprisingly, older adults with TBI experience higher morbidity and mortality, and slower recovery trajectories and have, on average, worse functional, cognitive, and psychosocial outcomes months or years post-injury than do younger patients (Gardner et al., 2018). Traumatic brain injury (TBI) is a serious public health concern and is the most frequent cause of disruption to normal childhood development. TBI occurs when a sudden trauma triggers the brain to move rapidly within the skull, leading to neuronal damage. TBI can result from the head suddenly hitting an object, from a non-impact force, such as blast waves or rapid acceleration and deceleration, or from an object puncturing the skull and penetrating the brain tissue. Although TBI can occur across the lifespan, this type of brain injury can be particularly devastating for the developing brain. This interruption of normal brain development and the cascading effects of TBI may alter the course of brain development and its functioning (Laura S. Blackwell PhD et al., 2023) Traumatic brain injury (TBI) is one of the most common causes of death and long-term disability in the pediatric age range (Gotschall, 1993; Kraus, 1995). According to a report on Emergency Department (ED) visit, hospitalizations, and deaths in the United States for the years 1995–2001 (Langlois et al., 2006), nearly half a million children 0–14 years of age had TBI each year during this period. Of this number, 91.6% were treated and released from an ED, 7.8 % were hospitalized, and .6% died (Laura S. Blackwell PhD et al., 2023).  Given the high prevalence and significant impact of TBI in children, it is crucial to monitor their development closely and assess potential long-term effects, to ensure appropriate interventions and support. The Long-Term Impact of Traumatic Brain Injury in Older Adults: Challenges, Outcomes, and Rehabilitation Traumatic brain injury (TBI) is a devastating injury, often resulting in death or chronic disability that disrupts family, community, and vocational ties. According to new research, the effects of TBI are greater and long-term in older populations. Elderly patients tend to have higher mortality and worse outcomes than younger patients, even if the injuries they suffer are less severe. Even if the injury sustained is similar in type and severity in both, older populations go through longer rehabilitation stays, suffer higher rehabilitation costs and have greater levels of disabilities. The risk of death after the age of 65 is the maximum. Older individuals suffering from TBI are known to suffer increased deterioration mood, psychosocial functioning, and cognition, and are less likely to have complete recovery in psychosocial areas of functioning after TBI as compared to younger patients. According to Rothweiler et al. increased age at the time of sustaining a brain injury was related to greater dependence, changes in living conditions and increased

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Public Policies
Piyush Chaudhary

Mental Health Crisis in Rural India : Challenges and Solutions

Mental health in rural India is a silent crisis—deeply rooted in stigma, lack of awareness, and poor access to care. While urban centers have made progress, millions in villages still struggle without proper diagnosis or treatment. This article dives into the harsh realities of mental health in rural India, the policies in place, and what needs to change.

From the myths surrounding mental illness to the severe shortage of trained professionals, the challenges are overwhelming. But there is hope. Successful interventions, like community health programs and telepsychiatry, are proving that change is possible. With the right policies and awareness, we can bridge the gap and make mental healthcare accessible to all.

Want to be part of the solution? Explore key policy recommendations and real-world case studies that can help transform mental health support in rural India.

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FINANCE
Ravishen Jain

EXPANSION OF BRICS: GEOPOLITICAL AND ECONOMIC IMPLICATIONS

ABSTRACT
The expansion of BRICS, with the inclusion of key economies like Saudi Arabia and Iran, is reshaping global geopolitical and economic landscapes. With strategic partnerships focusing on energy security and resource-rich nations, BRICS aims to position itself as a strong alternative to Western-led alliances. The group’s growing influence in international organizations underscores its importance in global policymaking, enhancing its geopolitical clout and economic significance.

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International Relations
Abhishek Kulkarni

France: A Step Towards Global Innovation and Sustainability

France is emerging as a global leader in AI governance, green technology, and scientific diplomacy. With major investments in AI, renewable energy, and international trade, France is shaping the future of innovation, sustainability, and diplomacy on the world stage.

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International Relations
Cherry Wong

The Legal Status of Palestine: Analyzing Recognition of Statehood in International Law

Introduction (Paiman Riazat) The question of Palestinian statehood is and has been a for decades controversial matter.  The main conclusion is that Palestine seems to satisfy all the four traditional criteria mentioned in the issues of recognition such as people, land, government, and capacity (Montevideo Convention, 1933). However, Palestine has these requirements; its legal status remains in vogue for the sake of political and historical conditions. As January 2025 begins the situation in Palestine is still unknown. The war between Israel and Palestinian groups in Gaza has resulted in significant casualties and destruction. The United Nations has reported that over 46,000 Palestinians have lost their lives and many more have been injured or displaced (United Nations, 2024). Gaza is home to approximately 2.3 million people and continues to endure a strict blockade imposed by Israel since 2007 (Amnesty International, 2024). In 2012, the United Nations General Assembly granted Palestine non-member observer state status (United Nations General Assembly, 2012). This recognition has allowed Palestine to join international organizations and participate in international legal proceedings, such as the International Criminal Court (ICC) (International Criminal Court, 2021). This paper aims to effectively analyze the recognition of Palestine’s statehood in international law, discovering the legal arguments for and against its recognition. By bringing up the Montevideo criteria and the current situation on the ground, this research seeks to provide an extensive understanding of Palestine’s legal status in international law. Background (Cherry Wong) International law is a set of rules and principles that governs the relations between states and other international actors (Legal Information Institute, n.d.). It comprises treaties, customary practices, legal precedents etc. that establish obligations and rights for states to adhere to (Butchard, 2020). The aim of international law is to maintain global peace and security, addressing issues such as human rights, trade, and environmental protection (United Nations, n.d.). It is enforced through various mechanisms, emphasizing both state responsibility and the roles of international institutions (Iwasawa, 2023). Palestine’s historical context is characterized by a long struggle for self-determination amidst colonial and geopolitical challenges. The Palestinian national movement began in the early 20th century, with significant events such as the 1920 Palestinian National Council demanding independence from British rule, which was largely ignored due to the British commitment to the Balfour Declaration favoring Jewish immigration and settlement (Boulos & Abu Eid, 2024). The 1947 UN Partition Plan proposed separate Jewish and Arab states, leading to the 1948 Arab-Israeli War and the Nakba, which resulted in the displacement of hundreds of thousands of Palestinians (Utrecht University, 2024). The quest for statehood continued with the establishment of the Palestine Liberation Organization (PLO) in 1964, which became the representative body for Palestinians (Powell & Strug, 2016). The PLO declared the State of Palestine in 1988, gaining recognition from numerous countries and the UN General Assembly, which granted it non-member observer state status in 2012 (Powell & Strug, 2016). Despite this, the ongoing Israeli occupation and settlement policies complicate the realization of Palestinian statehood (Boulos & Abu Eid, 2024). International law defines statehood criteria primarily through the Montevideo Convention, which stipulates that a state must possess a permanent population, a defined territory, a government, and the capacity to engage in relations with other states (Fang, 2023). Recognition by other states is essential, as international relations are built upon the acknowledgment of a state’s sovereignty. While Palestine has been recognized by approximately 146 countries, its quest for full statehood remains hindered by geopolitical dynamics, particularly the influence of the United States and the ongoing Israeli-Palestinian conflict (The Hindu, 2024). The significance of recognition in international law (Tasnuba Tasnim Anita) Recognition refers to the formal acknowledgment by one state of the existence and sovereignty of another state within the global community. In international law, statehood is traditionally determined by the Montevideo Convention of 1933, which outlines four criteria: a permanent population, a defined territory, a government, and the capacity to enter into relations with other states (Montevideo Convention, 1933). However, recognition by other states often solidifies and legitimizes a state’s legal standing in the international arena. But recognition is not a prerequisite for statehood, it facilitates the newly established state’s ability to participate in international organizations, treaties, and diplomatic engagements (Roth, 2010).  Diplomacy often revolves around recognizing states to foster alliances, resolve disputes, and promote stability. Conversely, withholding recognition can serve as a form of protest or leverage in international negotiations. The process of recognition is rarely free of political influence. States may base their recognition decisions on strategic interests, ideological alignments, or economic incentives. This selective approach can lead to inconsistencies (Christopher J Borgen, 2009). Recognition of states in international law can take two primary forms: de jure and de facto recognition (Cochran, C. L.1968). De jure recognition is often permanent and implies that the recognized state satisfies all the criteria of statehood, including effective control and governance. It refers to the formal and unequivocal acknowledgment of a state’s sovereignty and legal personality under international law. De facto recognition often occurs in situations where a state has effective control over a territory but faces unresolved issues regarding its legitimacy or sovereignty (Briggs, H. W. 1939). It implies that while the recognizing state acknowledges the factual existence of the entity as a governing authority, it does not grant full legal legitimacy or permanence (Houghton, N.D, 1932). The case of Palestine illustrates the nuanced application of de jure and de facto recognition in international law. Over 130 UN member states have granted Palestine de jure recognition, acknowledging its sovereignty and right to statehood under international law (Ghaedi, M. 2024). Conversely, many states, including major powers like the United States, have limited their acknowledgment to de facto recognition, if at all (Al Jazeera, 2024). The recognition of Palestine is often viewed through the lens of the broader Arab-Israeli dispute, making it a symbol of regional and global political divisions (Palestine Unbound, 2016). The case of Palestine highlights the significance of recognition in shaping the legal and political realities of statehood under

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