The Revival of US Protectionism

Throughout American history, trade policy in the United States has oscillated between periods of protectionism and free trade. Protectionism is a form of economic policy that involves reducing international trade through the imposition of tariffs and other barriers to imported goods in order to support domestic production. Tariffs, the most widely known form of such a policy, are taxes on imported goods that a government … Continue reading The Revival of US Protectionism

Room for Industrial Policy?

“I’ll be the greatest jobs president that God ever created.” – Donald J. Trump The arrival of Donald Trump into the White House initiated a new wave of industrial policy in the West. Prior to Mr. Trump it was the 2008/09 recession that ushered in Mr. Obama’s economic nationalism: “Our first priority is making America a magnet for new jobs and manufacturing”, and before that … Continue reading Room for Industrial Policy?

The Impact of the Net-Zero transition on The World Economy and Global Strategies

At the beginning of 2020, the value of sustainable investment in major financial markets globally stood at $35.3trillion. According to the Global Sustainable Investment Alliance it accounts for 36% of all professionally managed assets across the US, Canada, Japan, Australasia and Europe. Governments and companies are increasingly committing to climate action. The world is moving towards a net-zero emissions future, and this transition is expected … Continue reading The Impact of the Net-Zero transition on The World Economy and Global Strategies

The Economics of Coffee

Coffee has become an indispensable drink throughout the world – over 2.25 billion cups of coffee are consumed across the globe every day. The coffee industry provides tens of millions of jobs for many, from manufacturing and producing the coffee and coffee beans, over 90% of which takes place in developing countries in regions such as South America, to selling the coffee in stores. In … Continue reading The Economics of Coffee

Fueling Fortunes: The Economics of Formula One

“They say Formula One is a market, which it can’t be, obviously. Our market is independent – it’s a sport.” – Bernie Ecclestone Overview With over 75 million people tuning in to watch each riveting race, Formula One (F1) is by far the most popular racing league worldwide. The season usually runs from March to November, with races occurring on a bi-weekly basis. Formula One … Continue reading Fueling Fortunes: The Economics of Formula One

AI and the Workforce

Imagine a world where robots and smart computers work alongside humans, changing the way we do our jobs. Well, that world may come sooner than we think with the rapid development of artificial intelligence (AI). Ever since its invention in the 1950s, AI has been getting smarter and more common in our lives, to the point where it can now interact with humans, such as … Continue reading AI and the Workforce

How can we control inflation?

Inflation, a persistent rise in the general level of prices, poses significant challenges to an economy. Controlling inflation is crucial for maintaining economic stability and safeguarding consumers’ purchasing power. High and persistent inflation has been a significant global issue over the past 18 months, with global inflation reaching 9.3% in October 2022. The UK, however, has been hit especially hard by inflation, with price increases … Continue reading How can we control inflation?

To what extent are Covid related supply chain disruptions permanent and what are their effects?

A supply chain is an interconnected network of individuals, companies, and resources involved in manufacturing, distributing, and selling a product to the final buyer. Supply chain management is a crucial process: an optimized supply chain results in lower costs and a faster production cycle for a company. The three national lockdowns have proved to have a detrimental effect on the UK’s economic performance. The pandemic presented unprecedented challenges to global supply chains, disrupting every part of the economy. Demand for certain goods greatly diminished, while others … Continue reading To what extent are Covid related supply chain disruptions permanent and what are their effects?

Do ethical companies deserve excess profits?

The Roman writer Publilius Syrus once wrote that “Everything is worth what its purchaser will pay for it”. This encapsulates the businessman’s mindset on a free market, as producers seek to market their product at the highest price consumers are willing to pay. On the other end of the transaction, the concept of homo economicus teaches us that the consumer always aims to maximise utility from a purchase … Continue reading Do ethical companies deserve excess profits?

Green Bonds: Financing a Sustainable Future

In a world increasingly concerned with environmental sustainability and the impact of climate change, innovative financial instruments (a monetary contract which can be traded e.g. a stock, bond, derivative) have recently emerged as effective tools to fund projects and initiatives aimed at mitigating environmental damage. Of these instruments, green bonds, have gained prominence as a means to raise capital for projects with positive environmental benefits. … Continue reading Green Bonds: Financing a Sustainable Future