Tag: International

Development, Environment, International

Tourism and Development: the path less travelled

Recent decades have seen an unprecedented amount of economic development as ’emerging nations’ have sought to raise incomes per capita and reduce levels of absolute poverty. Their economies have grown, and citizens have experienced an improvement in their overall standard of living.  Developing countries share some characteristics such as lower growth, lower standards of living, worse education, and lower life-spans, when compared to developed countries. Many … Continue reading Tourism and Development: the path less travelled

Unknown's avatarZihan TianLeave a comment
Asia, International

The Dying Tiger: The Challenges Facing ASEAN

The Association of Southeast Asian Nations (ASEAN), an economic bloc consisting of ten nations, is no stranger to praise.  By lifting tariffs on nearly 8,000 goods, increasing business access to neighbouring markets and lowering prices for consumers, it has reached an annual GDP growth of 4.6% (exceeding the global average of 3.2% by a sizeable margin), and has been frequently portrayed as an “unexpected success story … Continue reading The Dying Tiger: The Challenges Facing ASEAN

Unknown's avatarSean TanLeave a comment
International

How Far Can Central Banks Chain Inflation?

After interest-rate cuts and huge quantitative easing in 2020, investors felt that central-bank stimulus would last forever. But free money was coming to an end as COVID-stricken economies began to recover. A tide of inflation was carried alongside them, reaching peaks not seen for 40 years. Central banks scrambled to minimise the impact by increasing rates; the Bank of England (BoE) was first, announcing rate … Continue reading How Far Can Central Banks Chain Inflation?

Unknown's avatarZihan TianLeave a comment
International

The IPL: A blessing or a curse?

The Indian Premier League (IPL), founded by Lalit Modi and the Board of Control for Cricket in India (BCCI) in 2007, has been a huge asset since for world cricket. Its fast-paced, explosive, shorter format of the game, known as 20/20 cricket, has taken a sport criticised for slow, actionless entertainment and transformed it into something consumable and enjoyable to watch. The sheer scale of … Continue reading The IPL: A blessing or a curse?

Unknown's avatarSachin Thakrar1 Comment
International

Cyber Attacks and the UK Economy

With the world’s increasing reliance on technological and online infrastructure, a new potential battlefront has opened up from which certain groups can cause catastrophic damage to countries’ security and reputation. Cyber-attacks are gaining increasing publicity on the world stage, from the NotPetya attack on Ukraine in 2017 to ransomware attacks such as on Swissport in February, and not least, in Die Hard 4. The effects … Continue reading Cyber Attacks and the UK Economy

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International

China, Taiwan, USA: Conflicts and the impact of technology

Tensions between China and Taiwan escalated significantly in August with the visit of US House of Representatives speaker Nancy Pelosi to Taiwan. Despite Chinese foreign ministry delegate Zhao Lijian warning the US that ‘there [would] be serious consequences if she [insisted] on making the visit’ and President Joe Biden’s discouragement, Pelosi still undertook the journey as part of an overall visit to Asia.  Such tension … Continue reading China, Taiwan, USA: Conflicts and the impact of technology

Unknown's avatarShreyas Veturi2 Comments
International

The Great Deficit Robbery 2.0

In July 2021, I wrote a piece titled “The Great Deficit Robbery”. It was an article cautioning against the new orthodoxy emerging among many mainstream economists and politicians suggesting that government spending had no limits, and that the once scary bogeyman of inflation was simply a relic of the past. I wrote that ‘if constant spending persists with no guardrails in sight, economic trouble may … Continue reading The Great Deficit Robbery 2.0

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International

The Promise, Threats, and Responsibilities of a Pivot to Quantitative Tightening

Quantitative tightening (QT) is the exact opposite of quantitative easing(QE); it’s the process used by central banks to decrease the money supply either by selling the assets they previously purchased or deciding against reinvesting the principal sum of maturing securities. We are more experienced with QE, which was introduced extensively in the aftermath of the global financial crisis to increase the supply of money and … Continue reading The Promise, Threats, and Responsibilities of a Pivot to Quantitative Tightening

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International

An Investigation into Microfinance in India

“Microfinance is an idea whose time has come.” – Kofi Annan, former Secretary-General of the UN Since independence in 1947, India has prioritised the issues of poverty, rural livelihoods, and women’s economic and social empowerment. Whilst the percentage of Indians who live rurally has been declining since 1951  , this figure still stands at a staggering ≈64% . Poverty in India is also concentrated in rural … Continue reading An Investigation into Microfinance in India

Unknown's avatarEtonomics1 Comment
Inflation Tiles on Dollars
International

The Death of Fiscal Policy as a counter to Inflation

Over the last 50 years, fiscal policy has played a limited role in controlling inflation in Britain, with Harold Wilson’s government being the last to use the policy to manage inflation on a large scale. Unfortunately for Wilson, it was the sensational failure of these policies that greatly contributed to the death of fiscal policy as an inflation management tool. In this essay, I will … Continue reading The Death of Fiscal Policy as a counter to Inflation

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