Emerging Markets: Is the Risk Worth the Reward?
When considering a country’s economy there are two types: emerging and developing. An emerging economy is characterised by transition in the economy of a nation from a pre-industrial, underdeveloped economic environment into an industrially competitive one which exhibits some, but not all, of the characteristics of a well-developed economy. The term ‘emerging market’ was first used by Antonie Van Agtmael of the International Finance corporation … Continue reading Emerging Markets: Is the Risk Worth the Reward?
Low Fertility and its Economic Consequences
What are the causes and consequences of low fertility rates in advanced economies? How can we combat them? Introduction In this article, the aim is to explain and find ways to combat the main causes of low fertility rates in advanced economies: the cost-of-living crisis, the declining rates of child mortality and the empowerment of women, which encompasses both their higher education and the increased … Continue reading Low Fertility and its Economic Consequences
Book Review: The Deficit Myth
Stephanie Kelton’s The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy (2020) is a provocative challenge to the macroeconomic paradigm of the past century that sees persistent elevated budget deficits as a failure of fiscal management. Kelton, a former economic advisor to progressive US Senator Bernie Sanders, argues that the political aversion to deficits is based on a fundamental failure to … Continue reading Book Review: The Deficit Myth
Chickens
Why did the chicken cross the road? To avoid a tax—but instead, it got an entire truck tariff named after it. Picture a situation in which a dispute over fried chicken led to a trade conflict that ultimately influenced the choices of vehicles people drove. Doesn’t that sound ridiculous? Ahh, trade policy. The U.S. imposed a 25% tariff on import light trucks in the 1960s … Continue reading Chickens
When Growth Fails
“Growth for the sake of growth is the ideology of the cancer cell” – Edward Abbey, The Second Rape of the West, 1975. In the above quote, Abbey refers to the shrinking wilderness of his beloved Arizona, industrialised by resource extraction and urban expansion. However, such a statement goes far beyond wilderness: when economic expansion is the common goal, it damages the very foundations that … Continue reading When Growth Fails
The Google Antitrust Cases
The contrasting antitrust challenges faced by Google in the EU and the US highlight the different regulatory approaches to addressing Google’s monopoly in the markets of online search and digital advertising, specifically in areas like search engine services, search text ads, and ad exchanges. In Europe, the company has encountered fines totalling billions, often linked to long-standing concerns over market abuse. However, the EU’s recent … Continue reading The Google Antitrust Cases
The Paradox of Progress
The Paradox of Progress – Why Technological Advances Aren’t Boosting Wages Introduction Technological advances have always been the main driver of economic growth and prosperity; major historical events such as the Industrial Revolution (1760-1830), and –more recently – the rise of the internet have brought around higher productivity, and with that, higher wages. However, although events past the 1980’s (such as the rise of artificial … Continue reading The Paradox of Progress
The Economics of Chinese New Year
“The Economic Impact of Chinese New Year: Growth, Disruptions, and Opportunities” The Spring Festival, also known as Chinese New Year, just took place. It is not only a time of cultural celebration but a period of great economic activity in China. The impact on its economy is huge, affecting tourism, retail, manufacturing and also transportation. The Spring Festival is one of the most celebrated annual … Continue reading The Economics of Chinese New Year
News Briefing – 14/03/25
World Economics: UK Economics: UK politics: World politics: Continue reading News Briefing – 14/03/25
The Economics of Higher Education
Higher education refers to learning at universities or similar institutions, typically leading to a degree. It has long been a key driver of economic growth, offering individuals higher wages and better job security due to their higher perceived worth. However, with tuition fees rising and student debt reaching record levels, concerns are growing about whether a degree is still worth the cost. In the United … Continue reading The Economics of Higher Education
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