It’s the Economy

Has Geography Become Insignificant in Today’s World?
5 min read, It's the 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...
We Keep Harping on about GDP. But It Doesn’t Really Tell Us Much.
It's the Economy, Policy, 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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