Tag: Politics

Terraced housing in the UK
History, UK

Thatcher and the Right to Buy

Between 1945 and 1979, reducing unemployment remained one of the most crucial macroeconomic objectives of 20th century British fiscal policy. Keynesian economic policy was particularly influential in the period with both Labour and Conservative governments choosing to increase government spending as a part of demand-side strategy, all in the name of battling unemployment, stimulating growth in the economy and nationalising the commanding heights of industries.  … Continue reading Thatcher and the Right to Buy

Unknown's avatarEtonomicsLeave a comment
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

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

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Business and Technology, Development

How Technology has Affected Developing Nations

The technological advances over the past twenty years have been fundamental in structuring the world we reside in today. Despite this, many economies have been left behind and have only recently begun to experience the full potential of technology and the digital economy. This is predominantly because much of the initial progression was concentrated in established economies and so nations that were underdeveloped and more … Continue reading How Technology has Affected Developing Nations

Unknown's avatarJacob Medlicott1 Comment
Donald Trump's face
Long Read, US

Please, Mr Trump, free trade is not evil

“Few propositions command as much consensus among professional economists as that open world trade increases economic growth and raises living standards.” – Nicholas Mankiw, the Robert M. Beren Professor of Economics at Harvard University, once said of free trade. Although this view has been adopted by an overwhelming majority of economists (including Adam Smith himself), it has not experienced popularity among the Western electorate in … Continue reading Please, Mr Trump, free trade is not evil

Unknown's avatarNurasyl Shókeyev2 Comments
Asia, Behavioural, US

The US v. North Korea: The role of game theory

Tension between the United States and North Korea has reached a stage where missile strikes have become an alarming possibility. If tensions escalate further to a state where military action looks almost certain, game theory could offer us insight into finding the best strategy to tackle the problem. Firstly though, what does Kim Jong Un hope to achieve by possessing a nuclear arsenal? It is … Continue reading The US v. North Korea: The role of game theory

Unknown's avatarSeb CarpaniniLeave a comment