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Spain’s economic history has been a tapestry of conquest, exploration, colonization, and change. Over the centuries, the Spanish economy has evolved to take many different forms, from the glory of the Spanish Empire to its weakened state today. In this article, we will take a journey through time and explore the key periods and trends that have shaped Spain’s economic environment. The Age of Discovery … Continue reading The Evolution of the Spanish Economy
As the world rapidly adapts to huge technological advancements, the traditional way of handling money has completely transformed. The rise of cryptocurrencies and development of CBDCs (Central bank digital currencies) have sparked a financial revolution, shaping the future of financial systems worldwide. Cryptocurrencies are completely digital and can be used as an alternative form of payment. They are created using encryption algorithms that ensure their … Continue reading Cryptocurrencies and CBDCs – The Future of Money
Overview Between 1975 and 1990, one of the bloodiest civil wars in history took place in Lebanon which left more than 120,000 people dead. The war, fought between the Maronites (Christians), Sunni muslims and Shia muslims had no clear winner after fifteen years. This stalemate led to the current Lebanese government set-up where each religious group has parliamentary representation and parties are formed on religious … Continue reading Boom to Bust: The Lebanese Economic Collapse
In the weeks following Wednesday 16 September 1992, the Pound crashed 25% against the US Dollar. Dubbed ‘Black Wednesday’ or the ‘Sterling Crisis’, the chaotic events of that day would have a lasting impact on Britain’s economy, politics and relationship with Europe. But despite this fact, the causes and effects of the 1992 Sterling Crisis are still not widely understood among the general public today. … Continue reading Black Wednesday 1992: Lessons in Disaster
In the final quarter of 2021, India overtook the UK and became one of the world’s top 5 largest economics (amongst powerhouses such as the US, China, Japan, and Germany). Now the country is projected to be the 3rd largest economy by 2027 ($5.4 trillion GDP by 2025) and has the largest population, overtaking China in April 2023. It is interesting to witness how a former … Continue reading From Emerging Giant to Economic Titan: India’s Journey to #5
Over the past few years, Large Language Models (LLMs) and other generative AI technology have become increasingly prevalent in business and enterprise. A LLM is a form of of artificial intelligence that uses deep learning algorithms to process, understand and generate natural language. They make up a part of generative AI, which refers to AI capable of generating content such as text, images, and other … Continue reading What Effect will LLMs and Generative AI have on entrepreneurship?
The first national minimum wage was implemented in New Zealand in 1894. It was intended to protect the rights of workers and give them fair pay for the work that they do. This move has since been followed by a majority of countries around the world however, there are certain notable exceptions. These include Norway, Finland, Iceland, and Italy. In these countries, minimum wages are, more often than not, set de facto by individual industries. Put … Continue reading Reviewing the Minimum Wage with Scepticism
Oil, often referred to as ‘black gold’, has historically had a profound impact on the global economy. Its original use in ancient civilisation was for medicine and lighting. However in the 19th century, it became the lifeblood of industrialisation, powering machinery, transportation and ultimately shaping geopolitics. Today, oil remains a critical driver of the global economy. As the world becomes more environmentally oriented (coupled with other … Continue reading Beyond the Barrel: Economic Evolution in a Post-Oil World
Initially written in response to question: A government funds its own expenditure by taxing its population. Suppose, instead, it relied solely on money newly created by the central bank? What would be the advantages and/or disadvantages? The notion that governments rely on the tax revenues derived from individuals and businesses and thus cannot simply “print more money” to solve any issues they might face … Continue reading What MMT Can Do For Us
What is the issue? Despite substantial progress in several aspects of gender equality over the past decade, including reductions in the workforce participation rate gap, the gender pay gap and unemployment rates in OECD countries, problems persist in developed and developing countries alike. These challenges have been amplified by the COVID-19 pandemic and a subsequent increase in unpaid labour – PwC’s Women in Work Index … Continue reading The economics of gender equality
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