Trade with the EU: Booming Growth or a Fallacy?
Rachel Reeves has had a busy start to her Chancellorship. Within the first 10 months, she has had a 40 billion Pound budget and watched in horror at the unprecedented upheaval of the last century of global trade. Trump’s uncertainty has ushered in a renewed vigour to look elsewhere for loyal partners and new, reliable investors. Or are they new? The Labour government was elected … Continue reading Trade with the EU: Booming Growth or a Fallacy?
Great Expectations and India’s Economy
In 1979, Deng Xiaoping announced China’s intention to “open up” to the world’s economy. It has been a pariah state to the west since its Communist revolution in 1949, and its later “Cultural Revolution”. The reforms, which involved opening Special Economic Zones (SEZs) in harbour areas like Shenzhen, dividing up collectivised farmland and allowing private businesses to operate, saw China’s GDP grow by over 9% … Continue reading Great Expectations and India’s Economy
Trumponomics
Since Donald Trump’s return to the presidency in January 2025, “Trumponomics” has redefined U.S. economic policy through a lens of protectionism and economic nationalism. Central to this strategy are aggressive tariffs, including a universal 10% tariff on all imports, effective April 5, 2025, and targeted rates as high as 245% on Chinese goods. By May 2025, these measures have catalysed a seismic shift in global … Continue reading Trumponomics
The Economics of Prime Hydration
Prime Hydration is a range of sports and energy drinks, created by famous influencers KSI and Logan Paul. Since its creation, Prime has experienced a rapid rise to fame through intense celebrity marketing, mass sales, and a complete takeover of the beverage industry. For example, Prime Hydration surpassed Gatorade to become the most-sold hydration beverage at Walmart in 2023, selling 1 billion bottles as of … Continue reading The Economics of Prime Hydration
JKP Entry: Can Austerity 2.0 Bring Back Growth?
Can Austerity 2.0 Bring Back Growth and Prosperity to the UK Economy? Introduction In October 2024, Chancellor Rachel Reeves announced a £40 billion tax increase, the largest since 1993, aiming to address the UK’s budget deficit and tackle the £22 billion ‘black hole’ from the Tories. Austerity refers to the policies aiming to reduce government deficits via spending cuts or tax hikes. Despite the Labour … Continue reading JKP Entry: Can Austerity 2.0 Bring Back Growth?
Gold Standard vs Fiat Money
Ever since the creation of money, when society disengaged from barter (trading goods with one another) and introduced a medium of exchange (money), humanity has most commonly tied the value of money to a commodity. For most of the first millennia, money was tied to silver or bimetallic standards. However these systems posed a significant number of problems, especially in times of economic crisis. As … Continue reading Gold Standard vs Fiat Money
Technological decoupling
For most of the last hundred years, globalisation felt inevitable — driven by technology that appeared to bring the world closer together. With the onset of the internet, supply chains became more complex and tightly interwoven, even between countries that wouldn’t traditionally see eye to eye, something that was seldom achieved by precursory trade systems. But lately, that momentum has started to shift. A growing … Continue reading Technological decoupling
The Economics of Concorde
Concorde. It dominated the skies for over a quarter of a century, and was the first, and for now, only, commercial supersonic jet. But in late 2003, still a technological marvel, Concorde left the sky for one last time. Even today, Concorde is put alongside the Apollo missions as one of the most technologically advanced projects this world has ever seen. Yet, despite halving the … Continue reading The Economics of Concorde
Trump’s Tariffs: Short Term Protection or Long Term Economic Risk?
Note: This article was written in March/April 2025, when the initial set of tariffs had been proposed. Trump’s Tariffs: Short-Term Protection or Long-Term Economic Risk? Introduction On November 5th, 2024, Donald Trump was re-elected as President of the United States, triggering wide-spread impacts for the global economy. Almost immediately, he resumed his previous trade war with China and launched new tariff-based confrontations on Canada and … Continue reading Trump’s Tariffs: Short Term Protection or Long Term Economic Risk?
Book Review: The Millionaire Next Door
The Millionaire Next Door by Thomas J. Stanley and William D. Danko is an analysis of millionaires in America. The study detailed the inner workings of their lives and consumption habits and compared them against other millionaires. The book entails how anyone of almost any income can amass considerable wealth if they spend and save correctly. The American lie has remained prevalent for centuries: you’re … Continue reading Book Review: The Millionaire Next Door
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