Economy

Has Geography Become Insignificant in Today’s World?
5 min read, Economy, Perspective

Has Geography Become Insignificant in Today’s World?

“The World is Flat” claimed Pulitzer Prize winner Thomas Friedman, in 2006. Citing the role of communication and transport space-shrinking technologies, Friedman argued that geography mattered less than ever before in the global economy. Similarly, a few weeks ago, International Trade Secretary, Dr Liam Fox, declared that we live in a “post-geography trading world”. So...
The Shackle Economy of Brazil
A Closer Look, Economy

The Shackle Economy of Brazil

Slavery is a sensitive subject in Brazil. It is an issue almost as old as the country itself. Over the course of 400 years, Brazil imported around four million slaves from the African continent, and its economic structure was thoroughly dependent on the process. Some historians also argue that the treatment of slaves in Brazil...
We Keep Harping on about GDP. But It Doesn’t Really Tell Us Much.
A Closer Look, Economy, Uncategorized

We Keep Harping on about GDP. But It Doesn’t Really Tell Us Much.

Whenever politicians promise to deliver ‘growth’, they are often exclusively referring to Gross Domestic Product (GDP).  But economies are complex – they are made up of individuals and institutions each with their own interests. Can this one indicator accurately reflect all that complexity? The concept of GDP emerged from the 1930s Great Depression. Influenced by…

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