Category: Macroeconomics

By Anika PriyaranjanIllustration by Keo Morakod Ung Before sunrise in California’s Central Valley, undocumented farmworkers are already picking fruits and vegetables that stock grocery stores nationwide. In New York City, they prepare meals in restaurant kitchens, and in Texas, they lay bricks for homes and highways. These workers form the backbone of industries that keep…

By Anika PriyaranjanIllustration by Keo Morakod Ung The Industrial Revolution was chaos incarnate. Steam-powered machines roared to life, railways tore across continents, and the telegraph shattered the silence of distance. In an era where the sun dictated clocks, every city operated on its own time. Noon in London wasn’t noon in Berlin. A train departing…

By Manav KhindriIllustration by Keo Morakod Ung It is no surprise that London is the financial, cultural and political capital of the UK. With London and the South East responsible for almost 40% of the country’s GDP, and London making up comfortably more than half of it by itself, the English capital sits head and…

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…

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…

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…

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…

By Manav Khindri Illustration by Keo Morakod Ung In the multi-faceted enigma of global affairs, conflict casts a vast, ominous shadow, leaving behind a devastating trail of despair. It is especially true today, where violent combat seems to increasingly rear its ugly head all over the world, in places such as Yemen, Gaza and Ukraine, to…