When you think of boxing today, the focus is not necessarily on the best in the world, but on those with the greatest number of followers. The difference is clear: Logan Paul vs. KSI 2 on November 9, 2019, sold 2 million pay-per-views. On the other hand, Oleksandr Usyk vs. Tyson Fury 1 (which was for the WBA, WBO, WBC, and IBF world titles) sold … Continue reading The economics of influencer boxing
The crisis that was Covid-19 proved to be far more than just a global health crisis, the world witnessed unprecedented social and economic change. Governments imposed lockdowns and closed borders to control the virus; people were forced into social distancing and self-testing, and humanity’s primitive instincts took over as people panic-bought mass amounts of toilet roll and face masks. Covid-19 provided everyone with a shared … Continue reading Pandemic Inequality in the UK
The concept of a Military-Industrial Complex (MIC) refers to the relationship between a country’s government, military, and defence industry, where political and economic interests become intertwined. The idea of a MIC arose in President Eisenhower’s Farewell Address in 1961, where he warned of its potential influence on national policy and democracy. “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought … Continue reading The Business of War: Inside the Military-Industry Complex
Introduction The Malthusian Model was proposed by Thomas Malthus in 1798 in his book ‘An essay onthe Principle of Population’, with the goal of showing the dangers of excessive populationgrowth in a pre-industrial world, where the majority of economic activity was produced bythe agricultural sector. While this model may have been relevant in pre-industrial England,due to the huge technological development which has occurred in the … Continue reading The Malthusian Model
Introduction: The global football transfer market is one of the most well-known and dynamic marketplaces in the world. However, it is also one of the most inefficient. In 2023, Fifa reported that global transfer spending reached a staggering $9.63 billion, with English clubs alone responsible for nearly half of that total. In terms of economic-based theory, players should be allocated to the clubs that value … Continue reading The Football Transfer Market as a Case Study in Market Inefficiency
Havaianas is a Brazilian flip-flop brand, owned by Alpargatas S.A. – a Brazilian textiles manufacturer. As most people will know, Havaianas manufacture the world’s most popular rubber soled sandal, which has been worn from sandy beaches to fashion show runways. What is particularly fascinating about Havaianas is the extent to which it embodies Brazilian national identity and a more carefree way of life that is … Continue reading Havaianas: A Symbol of Brazilian National Identity
Across the streets of Lima, informal vendors, unregistered taxi drivers and cash-based micro-businesses form a familiar part of everyday life. Their presence illustrates a wider pattern: 68-72% of Peru’s labour force operates outside the formal economy. The informal economy can be defined as a set of economic activities carried out by workers and productive units that do not comply with the regulations established by the … Continue reading Peru’s Invisible Workforce
“Promise and Paradox: Understanding Brazil’s Economic Highs and Lows” In 2011, Brazil was the world’s sixth-largest economy, surpassing the United Kingdom. Barely five years later, the country plunged into its worst recession in over a century, losing more than 7% of its GDP between 2015 and 2016. This stark contrast perfectly encapsulates the nature of Brazil’s economy: one with the potential to thrive through its … Continue reading The Economy of Brazil
In recent years, Venezuela’s economy and living standards have taken a turn for the worse. It has faced record numbers of inflation, intense poverty and disparities of wealth, as well as plenty of corruption and protests. This may come as a surprise; Venezuela sits on the largest oil reserve in the world and has a plethora of rare ores such as gold and silver. How … Continue reading Venezuela’s Economy
The Paradox of Thrift: When Saving Hurts the Economy Traditionally, saving money is seen as a positive action. Keeping money in reserve for emergencies and potential issues in the future is surely a good thing both for you and for those around you. However, this seemingly responsible and innocent action can have extraordinarily negative consequences for a nation’s economy and growth if savings reach excessively … Continue reading The Paradox of Thrift
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