Tag: L24.1

Economics, Politics

Authoritarian Economics

An authoritarian government is one which favours obedience to authority over personal freedoms, political pluralism and democracy. Often, this involves the use of strong central power to maintain the political status quo, without meaningful checks and balances. Such regimes are often notorious for economic mismanagement, as they prioritise the interests of the ruling class over that of the general public. Yet while this has often … Continue reading Authoritarian Economics

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Economics

The legalisation of Sports Betting, for better or worse?

In recent years, the landscape of sports has witnessed a significant shift with the widespread legalisation of sports betting in various regions including Brazil, Italy and Canada. Of course, this shift has come with problems, but the legalisation of sports betting has been able to fund public initiatives and stimulate economic activity throughout the globe. This article aims to cover the positive outcomes of legalised … Continue reading The legalisation of Sports Betting, for better or worse?

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International

The Economics of Coffee

Coffee has become an indispensable drink throughout the world – over 2.25 billion cups of coffee are consumed across the globe every day. The coffee industry provides tens of millions of jobs for many, from manufacturing and producing the coffee and coffee beans, over 90% of which takes place in developing countries in regions such as South America, to selling the coffee in stores. In … Continue reading The Economics of Coffee

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International

Fueling Fortunes: The Economics of Formula One

“They say Formula One is a market, which it can’t be, obviously. Our market is independent – it’s a sport.” – Bernie Ecclestone Overview With over 75 million people tuning in to watch each riveting race, Formula One (F1) is by far the most popular racing league worldwide. The season usually runs from March to November, with races occurring on a bi-weekly basis. Formula One … Continue reading Fueling Fortunes: The Economics of Formula One

Keshav HajarnavisLeave a comment
Europe, Finance and Markets

Bust to Boom: Greece’s Economic Resurgence

It’s the summer of 2004 and Greece is at the centre of the world. Their national football team has just defeated hosts Portugal in the final of the European Championship to complete one of the most remarkable sporting underdog stories. In just a month, the Summer Olympics will be returning to the birthplace of the ancient Games – Athens – after a period of 108 … Continue reading Bust to Boom: Greece’s Economic Resurgence

Keshav HajarnavisLeave a comment
Economics, Finance and Markets

Can we solely rely on printed money?

Taxation is the most significant way in which a government receives its income. Last year, the UK government raised around £1,017 billion in tax revenue, accounting for approximately 40% of GDP. A similar trend is seen within governments worldwide, with tax revenue being the primary source of government income. Governments tend to rely so heavily on tax revenue, but it is necessary to consider other … Continue reading Can we solely rely on printed money?

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