In 1913, Britain was the largest trading nation in the world. 50% of global capital investment came from London. It was an economic powerhouse which defied its small size. But, in the past 100 years, the pound has devalued and the UK has seen a steady decline in relative importance. Some of this was inevitable, …
When displaying time series data, it often makes sense to use index numbers. Index numbers are a simple way of making it easier to compare numbers over a period of time. Index numbers measure relative changes in the price of a sum of representative data. For example, the FTSE-100 is an index displaying the average …
Donald Trump and his vice-president have some unorthodox economic policies. Reduce prices, Higher Tariffs, lower tax, devalue the dollar and end immigration. But, will they work? Trumponomics – The Real Impact of Trump Economic PoliciesWatch this video on YouTube At the recent Republican convention, Trump vowed to end the inflation nightmare and bring prices down …
In the 1970s Venezuela was widely admired for its functional democracy and the highest living standards in Latin America. There was good reasons to be optimistic. Venezuela has the largest known reserves of oil in the world. Greater than Saudi Arabia, Iran and the US. Yet in recent decades, the economy has lurched from crisis …
Inflation is a situation of rising prices in the economy. A more exact definition of inflation is a sustained increase in the general price level in an economy. Inflation means an increase in the cost of living as the price of goods and services rise. The rate of inflation measures the annual percentage change in …
The UK is in recession, but the real story is 13 years of stagnant wages. 0% growth in real wages is unprecedented in the post-war period. This period of flatlining growth is leading to higher taxes and fewer public services. It is an unwelcome cycle of low growth, low investment and increasing pessimism. But …
Argentina Crisis – Can you Fix an Economy by Breaking it First?Watch this video on YouTube After decades of high inflation, economic crisis and a stagnant economy. The new Argentinian president Javier Milei offers a radical plan – end inflation at whatever the cost. He claims that with inflation soaring, Argentina has no alternative but …
A list of some modern-day protectionist measures, including tariffs, domestic subsidies to exporters, and non-tariff barriers which restrict imports. Types of Protectionism Tariffs – This is a tax on imports. Quotas – This is a physical limit on the quantity of imports Embargoes – This is a total ban on a good, this may be …