Tag: International

International

Immigration – beneficial or an unnecessary cost?

“Illegal immigration hurts American workers; burdens American taxpayers; and . . . costs our country billions and billions of dollars each year.”, claims former President Donald Trump, voicing the concerns of a large proportion of the US population. Such opinion was further reciprocated by 44% of UK citizens hoping to see a decrease in immigration, and these sentiments were even expressed with Australia’s One nation … Continue reading Immigration – beneficial or an unnecessary cost?

Unknown's avatarEtonomicsLeave a comment
International, US

How can governments make economic sanctions more effective?

Less than five years after sanctions were lifted from Myanmar, army generals conducted a violent coup that shattered democracy in the region.  World leaders were shocked at this sudden turn of events and reinstated sanctions, which immediately received accusations of only being symbolic.  This has recently become a common criticism against sanctions: according to the Peterson Institute for International Economics, only 34% of sanctions are partially successful, … Continue reading How can governments make economic sanctions more effective?

Unknown's avatarSean TanLeave a comment
International, US

Chaebols of South Korea

South Korea’s economy has a highly developed mixed economy. By nominal GDP, the country has the 4th largest economy in Asia and the 10th largest globally. However, there is something special about the South Korean economy that distinguishes it from others: it is dominated by chaebols. Understanding these chaebols is a necessity for anyone who aims to understand South Korean capitalism and society.  The word … Continue reading Chaebols of South Korea

Unknown's avatarAmeya PatkarLeave a comment
International, US

Marijuana: an economic high?

Weed? Pot? Ganja? These are familiar terms for some people, but less well known is the fact that marijuana sales account for more than $120 billion each year in tax revenue and create 1.6 million new jobs in the US alone. The legalisation of cannabis would see it officially become America’s largest cash crop and many people seem to be rooting for it, with only … Continue reading Marijuana: an economic high?

Unknown's avatarEtonomicsLeave a comment
International, US

Colombia’s Cocaine War: the industry that pays

Colombians earn more from the drug trade than any other nationality in the western hemisphere. Since 2000, the United States has devoted part of its $11.6 billion in Colombian aid to eradication programs in an attempt to reduce the amount of processed cocaine reaching US shores. Despite this, cocaine has been getting cheaper in the United States, coca fields keep expanding, violence continues to worsen, … Continue reading Colombia’s Cocaine War: the industry that pays

Unknown's avatarCharlie RolloLeave a comment
International, US

Does Free Trade Cause Unemployment?

The relationship between international free trade and employment has long been controversial.  Some economists argue free trade affects efficiency but has no effect on total employment in the medium and long term, whilst others argue that there are increased job opportunities due to a rise in exports.  There are several reasons why a country would want to participate in foreign trade. Most obviously, one may … Continue reading Does Free Trade Cause Unemployment?

Unknown's avatarEtonomics1 Comment
International

Dispelling the myths of immigration

Given Britain’s imperial past and 47-year membership of the EU, it comes as no surprise that it now ranks amongst the world’s most multicultural societies. However, as the number of immigrants entering the UK has risen, so has public sentiment against immigration: this, of course, was mirrored by the result of the 2016 Brexit vote. Unfortunately, misconceptions around immigration have spread throughout British politics and … Continue reading Dispelling the myths of immigration

Unknown's avatarEtonomicsLeave a comment