The Lost Snow Leopards: Seven Steps to Rejuvenate Central Asian Economies

Central Asia (made up of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan) has historically been a dominant player on the world’s economic stage.  Its role as the heart of the legendary Silk Road (the main land corridor between Europe and Asia) and the USSR’s mining powerhouse in the 20th century rightfully earned these countries the nickname ‘the Snow Leopards’.  However, the USSR’s collapse in 1991 has left the region at risk of … Continue reading The Lost Snow Leopards: Seven Steps to Rejuvenate Central Asian Economies

Tourism and Development: the path less travelled

Recent decades have seen an unprecedented amount of economic development as ’emerging nations’ have sought to raise incomes per capita and reduce levels of absolute poverty. Their economies have grown, and citizens have experienced an improvement in their overall standard of living.  Developing countries share some characteristics such as lower growth, lower standards of living, worse education, and lower life-spans, when compared to developed countries. Many … Continue reading Tourism and Development: the path less travelled

The Dark Side of the Belt and Road Initiative

The last 40 years have seen China’s GDP grow by a record 9.1% per annum, attracting a plethora of investors and businesses worldwide. With its newfound capital, it has gained international influence through trade and become the world’s largest trading partner in 2012. China seeks to optimize this trade network through the Belt and Road Initiative (BRI), a scheme unveiled in 2013 by Chinese President … Continue reading The Dark Side of the Belt and Road Initiative

Can economic growth and environmental sustainability coexist?

Economic growth and environmental sustainability are two of the most widely discussed topics today. While both of these issues are extremely important and cannot be easily prioritised over one another, it is widely believed that trying to solve one issue can only negatively impact the other. The crucial nature of maximising economic growth and achieving environmental sustainability where GDP remains “3.1% below pre-pandemic levels”, and … Continue reading Can economic growth and environmental sustainability coexist?

The Economics of Poaching

A century ago, more than ten million wild elephants roamed the forests and savannahs of Africa. Now there are fewer than 500,000 left. The exorbitant price of ivory, at $1,800 per kilo, makes the grisly economics of poaching extremely valuable, condemning 35,000 elephants each year to an ugly death. Despite its trade being banned since 1989 and a global struggle to enforce an ‘ivory crush’, strong demand from East Asia has seen the market expand by 66% since 2003 and has … Continue reading The Economics of Poaching

brown deer near withered tree

Is Rewilding Economically Viable in Britain and is it Important for the Future?

One of Britain’s often overlooked key macroeconomic objectives is sustainable use of the environment. The role of GDP growth, often the dominant indicator of the health of the economy, may need to be altered in the face of climate change.  A reimagined goal proposed by Kate Raworth is “to achieve human prosperity in a flourishing web of life”. To achieve this, we might want to … Continue reading Is Rewilding Economically Viable in Britain and is it Important for the Future?

Chart of the Month – October 2021

The lines show the number of publicly available electric vehicle (EV) charging points in each region of the UK, per 100,000 people. London is included as an outlier. The grey bars show the number of devices installed per month for the Electric Vehicle Homecharge Scheme. It is read off the secondary axis, on the right-hand side of the graph. October’s Chart of the Month focuses … Continue reading Chart of the Month – October 2021

Smoke stack with yellow sign reading "carbon tax" in the foreground

Should a form of Carbon Pricing be introduced in the US?

Since 1896, when global warming was first publicly shown to be a consequence of burning fossil fuels, humanity has wrestled with the conundrum of how best to respond to this looming threat. Against the background of politicisation associated with climate change, economists have argued over the benefits and detriments of introducing a carbon tax: a way of taxing companies which emit greenhouse gases so as … Continue reading Should a form of Carbon Pricing be introduced in the US?

Car bodies being worked on by robots

The Future of the UK’s Sustainable Automotive Industry: Can it save us from a double-dip recession?

On the 18th of November 2020, Boris Johnson announced his Ten Point Plan to drive the UK’s ‘green industrial revolution’, an ambitious plan with reforms in many high-carbon industries such as electricity and transportation. With the predictions that unemployment could reach 2.6 million by mid-2021 along with the fears of a double-dip recession, we may ask whether such costly reforms are currently appropriate, given the … Continue reading The Future of the UK’s Sustainable Automotive Industry: Can it save us from a double-dip recession?