Author: Admin
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Unwinding Fast Fashion:The Cycle We Can’t Afford to Keep Spinning
By Kashvi SinghIllustration by Keo Morakod Ung We’ve all encountered headlines about the human and environmental costs of the fast fashion industry, a behemoth that churns out cheap, trendy clothes at alarming rates. The environmental damage is staggering—from the vast quantities of water used to produce textiles to the toxic dyes and untreated waste polluting…
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Transforming India’s Economy: the UPI, its Impact & Opportunities
By Prachi SarafIllustration by Keo Morakod Ung Digital India and the United Payments Interface (UPI) India has been harnessing technology to transform its economy and foster interconnectedness. The rise in India’s IT service exports underscores its emergence as a global technology and innovation hub (EY, 2023). These sectors have contributed to economic growth and helped…
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Risky Business: Insuring in a Warming World
By Anika PriyaranjanIllustration by Keo Morakod Ung Climate change is no longer a distant threat; it is a pressing reality that is reshaping industries worldwide. In 2023 alone, global economic losses from climate-related disasters surpassed $200 billion, marking one of the most expensive years on record. This has profound implications for the insurance industry, which…
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The banking sector: reliving past traumas?
By Manav KhindriIllustration by Keo Morakod Ung The causes and consequences of the 2008 Global Financial Crisis are very well-known; a cocktail of sub-prime mortgages, murky mortgage-backed securities and irresponsible banking practices all came together to trigger one of the most devastating worldwide recessions in history. The post-crisis reforms are equally as well-documented – internationally,…
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Lessons from 2008: Why Did Models Not Predict the Recession?
By Prachi SarafIllustration by Keo Morakod Ung Introduction Financial crises can be varied in their causes, impacts, duration and spread. Often, they lead to questions about the failure of economists in forecasting and preventing the crisis. They are instrumental in shaping economic stability and policymaking due to the economy-wide impacts, which emphasises the importance of…
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How Taylor Swift Red-efined Nostalgia
By Anika PriyaranjanIllustration by Keo Morakod Ung In a world that prizes innovation and the next big thing, Taylor Swift has tapped into an economic force that is equally as powerful – nostalgia. Through her re-recorded albums, branded as “Taylor’s Version”, Swift has leveraged the reimagined version of the very songs that defined our youth.…
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Sportswashing: A cross-section of Power, Economics & Politics
By Manav KhindriIllustration by Keo Morakod Ung Background source: “a Golf Course by the Sea” by Johnny Such via Unsplash Free Licensing In the modern world, sports is a mammoth industry. Representing 1% of worldwide GDP at a valuation of around US$700bn, there is no denying its power in the global economy. However, what sets…
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Oil’s Well that Ends Unwell: Venezuela’s hyperinflation havoc
By Anika PriyaranjanIllustration by Keo Morakod Ung Venezuela, once one of Latin America’s most prosperous nations, has become a cautionary tale of economic disintegration and hyperinflation. In 2018, Forbes reported that Venezuela’s annual inflation rate reached a staggering 80,000%. Hyperinflation occurs when a country experiences extremely rapid and out-of-control inflation, eroding the real value of…
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How Effective is International Aid in Promoting Development?
By Prachi SarafIllustration by Keo Morakod Ung An Overview of International Aid Today International aid is a key tool through which developed countries can provide support to developing countries in navigating issues they are not able to deal with independently. Aid can be divided into two main categories: 1) Humanitarian aid, provided as a response…
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Artificial Intelligence, Real Risks: The AI Bubble
By Anika PriyaranjanIllustration by Keo Morakod Ung Artificial Intelligence (AI) is often portrayed as a revolutionary force poised to reshape the world. Advocates claim it will dramatically boost productivity, even if it disrupts millions of jobs. From healthcare to finance and manufacturing, AI applications have driven efficiency and innovation, promising to add up to $15.7…
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The graduate crisis – a uniquely British problem?
By Manav KhindriIllustration by Keo Morakod Ung To the approximately 900,000 young adults who are set to receive their undergraduate degrees in the summer, and the many million who have come before them in recent years, the harsh realities of the graduate job market in the United Kingdom in 2024 are clear to see. Many…
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The ‘Blunt’ Truth about Drug Money’s Role in Recessions
By Anika PriyaranjanIllustration by Keo Morakod Ung The global financial crisis of 2008 shook economies worldwide, pushing governments and financial institutions into a frenzy to stabilise markets and prevent a total collapse. Amidst the chaos, an unexpected player emerged: the drug trade. Despite its illicit nature and societal repercussions, the influx of drug money may…
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UCL Rethinking Economics 