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Written by Chongrong Wang, Year 12
November, 2024
Over the last decade, some countries have been accumulating debt at a relentless speed and have been struggling to pay back its interest with the governments budget. In the UK, the budget of 2024-2025 (obr.uk) shows that government spending on healthcare and education far exceeds the spending on debt interest
Written by Luomeng Zhang, Year 11
October 2024
The global energy crisis has become a central issue affecting economies worldwide. Rising energy prices, driven by fossil fuel scarcity and geopolitical tensions, are causing market instability.
Written by Akane Hirono, Year 12
September 2024
The Thailand Land Bridge Project represents an ambitious and transformative initiative designed to reshape global maritime logistics and elevate Thailand’s economic standing on the world stage.
Written by Kaeo Lumentut,Year 12
August 2024
There have been many types of economic systems over the ages, however, two of the most widespread and conflicting are capitalism and socialism. In this essay, I will be discussing the advantages and disadvantages of each economic system, and why overall I believe that capitalism is better than socialism.
Written by Charyanath Seneviratne,Year 12
The Asian Financial Crisis of 1997 was a monumental event in the history of global economics, marking one of the most severe financial upheavals since the Great Depression.
Written by Tobi Woessner,
The 2024 financial market was marked by a significant crash on August 5th, followed by a rapid and somewhat unexpected recovery. This period of volatility has been a focal point for analysts, investors, and policymakers alike, as it highlighted both the vulnerabilities and the resilience of global financial markets.
Written by Thomas, August 2024
Germany is renowned for its robust and resilient economy, often shown as a model for success in the global market. Its economic strength’s come from a combination of historical factors, innovative industries, and sound policies.
Written by Vivaan Sehgal, Year 11
Economic development comes with its own pros and cons, one of the worst things about economic development is regional inequality. Regional Inequality can be defined as when different regions in a country develop at different rates leading to economic disparities in the country.
Russia Ukraine War and the use of Sanctions against Russia
Written by Xiang Jie Lim
In February of 2022, Russia launched an unjustified and massive invasion on Ukraine, aiming to take over the land as their own. The West counterattacked this invasion through various means, for example selling weapons to Ukraine to supply their soldiers with sufficient firepower to battle against Russian troops.
Written by Ashvika Bansal, Year 12
15 July, 2024
These days, the stock market has become a common interest for many households.Investing has become a popular way for people of all ages to potentially increase their income. From young adults to senior citizens, many individuals are taking a chance on various markets in the hopes of growing their money and hitting it big.
China’s Economic Slowdown
Written by Seunghyo Lee. Year 10
20th July 2024
China's economy, once characterised by rapid growth and robust expansion, is now facing a period of significant slowdown. This shift from high-speed growth to more moderate rates is reflective of deeper structural changes and external pressures impacting the world's second-largest economy.
Various Impacts of load shedding within South Africa
Written by Ethan White, Year 11
18 June, 2024
Load shedding or South Africa's Energy crisis is a long, ongoing period of widespread blackouts of energy supply beginning in the later months of 2007. It is a prominent issue pestering many South Africans around the country and is not without its own issues.
Written by Chongrong Wang, Year 11
15th June ,2024
The impact and contribution of the top 1% is an often debated and a complex argument, while their contributions are significant but it does not necessarily mean they contribute to the economy more than the Middle Class, due to the Middle Class’s sheer size are the backbones and drives the consumer spending and stimulates the economy.
The dilemma of US-China trade policy: Balancing Prosperity and Inequality
Written by Yoochan Hwang, Year 11
2nd April, 2024
The United States is grappling with the significant impacts of China's rapid increase in global prominence. The US trade deficit, reaching $621 billion in 2018 and $419.2 billion with China (Deaux et al., 2018), instigates the Trumpian trade war, which has "taken a sledgehammer" (Feng, 2020) to US-China relations, breaking off from its bilateral trade.
Writen by BPS Economists, 30th January, 2023
The UK's withdrawal from the European Union has not been without its challenges. Britain's economy was also adversely harmed by this action, which minimised trade with the EU. Due to increased paperwork, trade restrictions, and customs checks, their exports appear less attractive due to their high cost, resulting in higher expenses for businesses and consumers in the UK.
