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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
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…
PMC (“Private Military Company”) Wagner, more commonly known as The Wagner Group, is a paramilitary organisation based in Russia. Founded in 2014, Yevgeny Prigozhin a Russian oligarch and a close confidant of Russian president Vladimir Putin, took over the company shortly after its founding. The Wagner Group first came to prominence during the Donbas conflict in Ukraine from 2014 to 2015. The Wagner Group’s activities … Continue reading From Guns to Gold: The Wagner Group’s exploitation of Africa and Ukraine
In 1983, Mohammed Yunus founded the Grameen Bank. His idea was simple: the bank would grant tiny loans, often no more than $100, to women in rural Bangladesh who had no access to credit. In the following decades, repayment rates for some schemes were as high as 98%, and Yunus attracted major funds from backers such as the Ford Foundation. In 2020, more than $50 billion of credit was being given to the poor – this time, by giant global banks, … Continue reading Microfinance: What went wrong?
The idea of universally accessible electricity and safe public infrastructure – in the likes of roads – has become widely regarded as basic and expected in the west. However, in Nigeria, blackouts and unsuitable roads have become regular encounters. It is now ranked as amongst the bottom 20 nations via the Global Peace Index; crime rates have reached some of the highest levels in the … Continue reading Nigeria’s Reliance on Oil
Over the past ten years, the world has witnessed the staggering growth of China from a developing nation to the worlds second largest economy by GDP. One of its most notable projects is its infamous Belt and Road initiative. This has led China to become the biggest creditor in the world, larger today than the International Monetary Fund (IMF) and World bank, driving billions of dollars of … Continue reading The holes in the road – has China’s Belt and Road initiative been too ambitious?
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
April’s chart shows that inflation in the UK is lasting longer and staying higher than much of the OECD. We can see that, while inflation dropped 0.3% in the UK in March, inflation fell by 1.6% in the Eurozone; in the US, it peaked last June. Food inflation remains at 19%; energy inflation at 67%. Why is the UK struggling to take the wind out … Continue reading Chart of the Month – April 2023
March’s Chart of the Month displays the percentage differences in tertiary education, participation in the workforce, and average wages, between women and men in the UK. It highlights the gender disparities that still exist within the labour market. For instance, in 2020 average wages for female workers were 15% lower than for men, yet they were 5% more likely to be in tertiary education. Over … Continue reading Chart of the Month – March 2023
The world’s population surpassed 8 billion in November 2022. India and China are currently the two most populous countries, with 1.408 billion and 1.412 billion citizens, respectively. In April 2023, India is expected to overtake China to become the most populated country in the world. This rapid population growth will, no doubt, have numerous impacts on India and the rest of the world, but will … Continue reading India’s rapid population rise: A blessing or a curse?
