How Technology has Affected Developing Nations

The technological advances over the past twenty years have been fundamental in structuring the world we reside in today. Despite this, many economies have been left behind and have only recently begun to experience the full potential of technology and the digital economy. This is predominantly because much of the initial progression was concentrated in established economies and so nations that were underdeveloped and more … Continue reading How Technology has Affected Developing Nations

Jacob MedlicottNovember 9, 2021March 27, 20231 Comment

Flag of Sudan waving over grey map of the world

Middle East and Africa

South Sudan: The world’s most isolated economy

South Sudan is a large, sparsely populated, landlocked country which gained its independence from Sudan in 2011 after years of conflict. This places South Sudan in the unique position of being the world’s ‘youngest’ country. With this title comes the rare opportunity to build an economic structure from scratch which, if successful, could gain South Sudan a place at the forefront of the many developing … Continue reading South Sudan: The world’s most isolated economy

Jacob MedlicottMarch 16, 2021March 27, 2023Leave a comment

Productivity Problems

Historically, economists have used increasing productivity as a proxy for improving living standards. The argument stands that if productivity is improving, firms have more room to increase wages. This in turn increases living standards (assuming no increase in inflation). However, since the financial crisis, the productivity growth of G7 nations, especially in the UK, has not increased in line with its historic trend. Has this … Continue reading Productivity Problems

Jacob MedlicottApril 27, 2020March 27, 2023Leave a comment