This article is called You’re Sanctioned from the Economist.

The article then explains how sanctions have been used by the USA to combat its enemies. One target of the sanctions has been Iran, and Donald Trump’s sanctions there have led to a massive dip in their economy and a huge depreciation of their currency. However, the economic suffering has not brough about political change, and haven’t stopped Iran supporting terrorist groups. They also haven’t stopped the Syrian Dictator worsening his awful human rights record. The article then states why sanctions are continuing to be used: they are tools that are…

This is an article by The Economist called A New Furrow.

The article talks about farming post brexit and how this affects the agricultural industry. When we leave the EU, we leave behind an EU program called CAP(Common Agricultural Policy). This program gives a subsidy of 233 pounds per hectare, which is crucial for farmers. Over the years, various government subsidies and CAP have shown their effectiveness and have done what they should have: increase food production.

However, the government have not got a detailed public plan to replace CAP. There is a divide over whether they should have. The…

This book is written by Micheal J. Sandel and it is called “What Money Can’t Buy: The Moral Limits Of Markets.”

In this book, Sandel discusses the increasing involvement of markets and money into areas normally dominated by non-market norms. He discusses whether it is morally correct that markets are getting involved in questionable places, like death, on-body advertising or adoption. Sandel believes that introducing markets everywhere can sometimes diminish the “good”, incorrectly value it or reduce it of dignity, and the increasing power of money could be detrimental in the future. …

This article is from the BBC and it discusses the rise in the UK’s public debt due to the furlough scheme, the Eat Out To Help Out scheme and other programmes the government has set up.

The article starts by mentioning the enormity of our public debt, by stating that £2 trillion is equal to what the UK produces in one whole year(GDP) and that the total debt now of £2.004 trillion is £227.6 billion more than it was this time last year. Certain economists believe this will worsen, and the possibility of the furlough scheme extending provides evidence for…

This article is from the BBC and it discusses Japan’s economic slump due to the corona virus.

Originally, Japan was one of the wonder stories in the corona virus pandemic, they had managed to prevent corona virus cases surging instantly like they did in Europe. However, Japan started to pick up infections and peaked infections later, showing that they weren’t immune to the virus. Now Japan continues to battle the virus, but new cases have began to slow.

The article states that Japan saw a GDP reduction of 7.8% from quarter 1(January-March) to quarter 2(April-June). Japan was the third largest…

This article is from the Guardian, and it talks about a group of economists calling for the end of the current carbon economy. They plan to use the current pandemic as a chance to change the structure of the economy.

The article starts by mentioning the huge pressure to re-start the carbon economy. Through the lock down, the economy has been suffering and many are calling for the economy to reopen as soon as possible. However the article denounces this point of view saying that reopening this economy is not necessarily a good thing. Climate change is causing many people…

This article is from the Express and it talks about the dangerous economic future lying ahead for the UK due to the fact that the UK has had an increasingly hostile relationship against China recently.

The article starts by saying who has made the warning. The person is Professor Adrian Pabst, the Deputy Director for Social and Political Economy for the National Institute of Economic and Social Research. He warns that when China economically sanctions against the USA, it can have ripple effects on the rest of the world especially the USA’s trading partners. However, it can grow even worse…

Interesting facts and statistics:

  • Japan has the third largest GDP in the world.
  • Luxembourg, Switzerland and Macao SAR are the top three countries with the highest GDP per capita in the world.
  • Emerging markets(developing nation that is becoming more engaged in global markets) and developing economies hold 59.65% of world GDP.
  • The top 9 fastest growing countries in GDP are mostly in Africa and Asia.
  • The IMF predicts that advanced countries will be hit harder(-6.1%) by the pandemic than developing countries(-1%) and that advanced countries will bounce back(4.5%) slower in 2021 than developing countries(6.6%).

Emerging Market Country: Indonesia

Indonesia is…

The 2008 financial crisis:

The financial crisis was the worst global economic slump since the Great Depression in 1929. The crisis stemmed from the USA, and happened due to the culmination of many economically negative events in a very short period of time(since 2006).

The federal reserve bank in the United States lowers the interest rate to just 1% and liberalised credit(financial deregulation). This encourages banks to borrow lots of money as they will pay only 1% interest. They continue to do great business and make lots of profit, and pay back the debt. The housing bubble was created as…

This article is written by the BBC and it discusses the large implications that school closures could have in the years to come. The article starts off by explaining the effects of the school closures. According to research from Cambridge University and Bristol University, children’s lack of learning will lead to a significant negative impact on the skills of the future workforce. Economically, this lack of development could cost billions of pounds in reduced growth rate in the coming decades.

The article then states that the study from Cambridge and Bristol University says there is a clear link between education…

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