Category: Economics

Economics-driven content, perfect for students and teachers alike. Highly accessible and open to all.

Business and Technology, Chart of the Month, China

Chart of the Month – June 2023

June’s Chart of the Month highlights the stagnation in China’s manufacturing output after the pandemic. When China unexpectedly reopened at the beginning of 2023, many analysts expected an immense recovery. However, their forecasts have been disproven, particularly regarding China’s manufacturing activity, which has fallen after a slight increase (an index score below 50 indicates a contraction).  This is not because of a stunted reopening, but a … Continue reading Chart of the Month – June 2023

Unknown's avatarSean TanLeave a comment
China, Development

Chinese Economic Growth, Against All Odds

Today, China is an economic powerhouse with the second highest nominal GDP (after the USA) and the highest GDP PPP (when GDP is adjusted for prices in a country) in the world. Yet just over 40 years ago, in 1981, it had a nominal GDP lower than that of Canada, a country that had a population 40 times smaller than it. The nominal GDP per … Continue reading Chinese Economic Growth, Against All Odds

Unknown's avatarEtonomicsLeave a comment
Economics, International, UK, US

Trickle Down Economics

“An economic recovery, like a rising tide, will lift all boats. For many, maybe even most, it will lift by painful inches. Some boats, however, may be lifted faster and higher.”  So spoke President Ronald Reagan during his 1982 State of the Union address.  He promised growth for all, stimulated by tax cuts for the top earning bracket, allowing for money to “trickle” down socio-economic levels … Continue reading Trickle Down Economics

Unknown's avatarAlex Murray-BruceLeave a comment
Asia, Development

South Korea – Miracle on the Han River

The Korea of the early 20th century is unrecognisable compared to the South Korea we know today. During the first half of the 1900s the Korean economy was underdeveloped, lacking proper infrastructure, had limited industry, and was still an economy that was largely dependent on agriculture. The majority of the population was involved in farming, but they generally used outdated equipment resulting in low farming … Continue reading South Korea – Miracle on the Han River

Unknown's avatarBenji BushnellLeave a comment
Americas, Development

The Impact of Breaking Bad on Albuquerque 

‘My name is Walter Hartwell White. I live at 308 Negra Arroyo Lane Albuquerque New Mexico 87104. This is my confession.’ That’s perhaps the most iconic line from the award-winning show ‘Breaking Bad’. Breaking Bad was filmed from 2008 to 2013 in Albuquerque, New Mexico. Initially, director Vince Gilligan wanted to shoot in California, but after Sony bought the series, they requested a change of … Continue reading The Impact of Breaking Bad on Albuquerque 

Unknown's avatarLucas PinsentLeave a comment
Development, History, Latin America

Venezuela: A Petrostate’s Fall from Grace and The Exodus of Its People

In 1976, Venezuela’s economy was booming amid an oil crisis, and Caracas (its capital) was one of only four destinations to which Concorde, the fastest and most expensive aircraft of its time, alighted. However, the Venezuela of 1976 is a world away from the Venezuela that is currently under the dictatorship of President Nicolas Maduro. In fact, from the 1950s to the early 1980s, Venezuela … Continue reading Venezuela: A Petrostate’s Fall from Grace and The Exodus of Its People

Unknown's avatarNico Sesson FarreLeave a comment
Economics, Finance and Markets

Economic implications of having a real-life golden goose

WARNING: THE FOLLOWING ARTICLE CONTAINS SPOILERS A few weeks ago, I watched a great film called Puss in Boots. In the movie, Puss teams up with the infamous feline burglar Kitty Softpaws and his childhood frenemy Humpty Dumpty to steal the golden goose and save their hometown, San Ricardo, to make their foster mother proud. They eventually succeed, and the villagers of San Ricardo get … Continue reading Economic implications of having a real-life golden goose

Unknown's avatarLucas PinsentLeave a comment
Business and Technology, Chart of the Month, Environment, International

Chart of the Month – May 2023

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

Unknown's avatarZihan TianLeave a comment
Asia, Development, Environment

The Indian Agriculture Issue

Providing food for over 1.3 billion people in the second most populous country (at time of writing)  in the world is challenging. However, in 2019, this already arduous job had been compounded by a perfect storm of issues, ranging from a reduction in income to climate change reducing crop yields. This left farmers desperately looking to their government for help. In response to their cries and … Continue reading The Indian Agriculture Issue

Unknown's avatarTanish Navamani1 Comment
Business and Technology, Development, International

The World should be More Careful with Automation…

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…

Unknown's avatarZihan Tian2 Comments