Gaming Economics: Fortnite

Fortnite, developed by Epic Games, has had a profound economic impact on the modern gaming industry, disrupting traditional revenue models and breaking many records. As the most popular ‘battle-royale’ game, which is a last person standing multiplayer competition, Fortnite has achieved immense success. In 2019, Epic Games generated $3.7 billion and $5.5 billion in 2022 despite the most popular platform only being released in September … Continue reading Gaming Economics: Fortnite

Reviving the tiger: Ireland’s property struggles

In Ireland, hidden behind a guise of Guinness, pubs and charm, homelessness runs rampant. The soaring price of houses has made renting the far more attractive alternative. But landlords have seized the opportunity to increase the price of rents too. It is estimated that 50,000 new homes need to be constructed every year in order to ease the shortage, but the real rate of construction … Continue reading Reviving the tiger: Ireland’s property struggles

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

The likely implications of sanctions on Russia

On 24 February 2022, Russia invaded Ukraine in a significant escalation of the Russo-Ukrainian War (which began In 2014); in response, several countries imposed economic sanctions on Russia. The sanctions saw the various countries introduce an oil embargo, financial sanctions and a freeze of Russia’s currency reserves. The purpose of the sanctions was twofold: to put pressure on the war effort and Putin by undermining … Continue reading The likely implications of sanctions on Russia

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