This Chart of the Month revisits the EU Emissions Trading Scheme (ETS). An explanation as to how it works can be found in the July 2021 Chart. In that article, we asked whether the EU ETS could hold its value, and whether the increase in costs of pollution would prove too great a burden for firms and the poorest households. Now, we can try to answer … Continue reading Chart of the Month – May 2023
A cryptocurrency is a digital currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology and they are generally not issued by a central authority. Any investor can purchase cryptocurrency through an exchange. These range from popular options likes Coinbase, apps such as Cash App, or through brokers, as well as through financial derivatives … Continue reading Crypto-currency and the Pinocchio Condition
Over the past 10 years the way we listen to music has been revolutionised by streaming services. Platforms such as Apple Music, Deezer and Soundcloud provide a platform to access almost any song instantly, and a way for artists to distribute their creations without having to press CDs or vinyl. The “headline act” of these is undisputedly the Swedish giant Spotify, which drowns out the … Continue reading Spotify: A Blessing Or A Curse For The Music Industry?
The question of automation replacing jobs has been especially debated in recent times. This was initially because of COVID-19, which substantially increased investment into developing new technology due to skyrocketing demand for digital goods. Then, with the breakthroughs in artificial intelligence (AI) research, such as the invention of ChatGPT, the public has begun to worry about higher skilled jobs being at risk too. This essay … Continue reading The World should be More Careful with Automation…
In the early days of automation, machines ruthlessly decimated workers’ place in the commercial order, and it did create jobs – with a twist. Many of those who were displaced were either too geographically immobile (they could not physically access these opportunities), or more commonly, too occupationally immobile (they did not have the necessary skills). Fortunately, increased dynamism in the workforce has dismantled these impediments, refashioning robotisation … Continue reading Why the Doomsayers are Wrong about Robots
Gerard B Lyons is a Business Researcher at the Centre for Policy Studies, the UK’s most influential centre-right think tank, which produces reports and advises the Government on a host of domestic policy areas – ranging from taxation and economic growth to welfare policy and the green agenda. He covers financial regulation, tax and innovation policy. Coming from a financial communications background in the City of London … Continue reading Interview with Gerard Lyons: the future of semiconductors
After plenty of speculation, on the 28th of October Mark Zuckerberg announced a rebrand of Facebook and a rename to “Meta”. The change was complemented with a new corporate logo consisting of an infinity shaped symbol. Mr Zuckerberg explained that a name change was needed to reflect how much Facebook had evolved. The word “meta” derives from the Greek word meaning “beyond”, while the Merriam-Webster Dictionary … Continue reading Metaverse… The Future?
The largest cause of shocks to worldwide stock markets in recent years – other than COVID 19 – has been the threat of the introduction and escalation of the trade war between the US and China. During this conflict, hundreds of billions of dollars have been wiped off the global economy, with the brunt of economic losses being felt by the US and China. In … Continue reading China-US Trade Wars: What are the strategic reasons behind China’s stance?
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
The world’s shortage of semiconductors has had ramifications for the entire globe. Shortages have caused a drastic decrease in the production of electronic parts for renewable energy industries, consumer electronics, and most of all, the automotive industry. If Taiwan’s manufacturing factories experience other lockdowns and closures due to further outbreaks of Covid-19, the effect of the semiconductor shortage could last longer and be more damaging … Continue reading How Long Will the Semiconductor Shortage Last?
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