By Arjun Shekdar We all live with and are familiar with money on a daily basis, be it cash, debit cards, or services like Venmo and PayPal. Now imagine your government's central bank printing its own official digital currency. Would this transform the way we make payments, the way our governments manage the economy, and the future of money? This is not some crazy idea—this is already underway. China has experimented with its "digital yuan," the Bahamas has a "Sand Dollar," an

What do the UAE, Qatar and Saudi Arabia have in common? Apart from sitting on massive oil reserves, they all have successful airlines serving hundreds of destinations worldwide. Qatar Airways and Emirates, the biggest players in the region, are considered some of the best airlines in the world in terms of service and quality. They enjoy active support from their respective states and serve all populated continents. They have played a major role in putting cities like Doha and

By Param Vastani In 2023, it was reported that China’s population had declined by 2 million people; the effects of the one-child policy had caught up to the country. However, China isn’t alone; there has been a trend of declining populations throughout the developed world, from Japan and South Korea, to more recently, western Europe. Before, people worried about overpopulation and how there weren’t enough resources for everyone, and even though it is still a concern, the prob

By Arjun Shekdar International trade has long been a driving force of global economic growth, fostering innovation, efficiency, and prosperity through the exchange of goods and services across borders. Over time, many countries have benefited from open markets and free trade agreements, which reduce barriers and encourage competition. However, rising protectionist policies—such as tariffs, quotas, and subsidies—have sparked debates about whether these measures protect domesti

By Arjun Shekdar Economics is something that affects our lives every single day, even if we don't know it. From how much a candy bar costs to how much money people make, economics is what informs us about how money and resources work. Many people think that economics is simply about money, but really, it's actually all about choices and understanding how the world works. In this essay, I will cover three basic principles of economics: supply and demand, opportunity cost, and

By Yohan Rakibe The link between exchange rates and export performance is a classic theme in global economics. At first glance, the relationship appears straightforward: a weaker currency makes a country’s goods cheaper for foreign buyers, thereby boosting exports. This logic underpins many policy debates, particularly in emerging economies seeking to spur growth through external demand. Yet reality is more complex. While currency depreciation can improve export competitivene

By Param Vastani In the past decade, the gig economy has grown astronomically. What is the gig economy? It is when people, instead of engaging in permanent jobs and full-time employment, engage in freelance work and short-time commitments as a means of earning. This is present in the world more than we first realize: the Uber drivers, food delivery workers, part-time tutors and so on.   Technology has been a driving force in this. Freelance workers have been given a platform

By Vivan Mittal Deflation is a term used in economics to describe a sustained fall in the general price level of goods and services  in an economy over a period of time. In simple words, it means prices are going down, and the value of money is going up. While that might sound like good news at first — after all, who wouldn’t want cheaper goods? — deflation is actually a complicated situation that can either help or harm an economy depending on its cause. Economists often div

Social media is something we use everyday without thinking much about how it really works behind the screen. Whether it’s something like TikTok, YouTube, Instagram, or even FaceBook, what we see is quite often chosen for us by algorithm. These algorithms decide what we watch, read, and even believe; it’s all based on what we’ve clicked on before. While these algorithms do seem to be helpful at times, they can also shape our thinking in ways we don’t always know and realise. T

By Arjun Shekdar We all know and love the FIFA World Cup, the Olympics, the Super Bowl. What do these two have in common? They’re never...

Being born between 1997 to 2012 Gen Z lives in a world of complete uncertainty involving economics. The rapid technological advances and...

By Vivan Mittal Consumer spending, or funds that households spend on goods and services, is the most powerful force in any economy. It can rise or fall for a myriad of reasons. Most significant among them are perhaps tax, inflation, consumer confidence, and fiscal policy of the government. All impact the amount of disposable income individuals have, how much faith they have in the future, and what they spend it on. The most obvious effect of consumer expenditure is taxation.

By Ness Kotecha India has one of the world’s largest shadow economies, with over 90% of its workforce being directly involved with...

How do tax systems shift the balance of economic GROWTH and EQUALITY?

By Aryan Maheshwari What is fiscal policy? Fiscal policy is the use of government spending and taxation to influence a government's...

By Param Vastani Economics is based on the assumption that people are completely rational and only take the decisions that yield the best...

This essay discusses the US’s hybrid tax system, including its operational specifications, what can be improved, and, ultimately, how it wor

By Param Vastani The past few decades have seen tremendous economic development in the world, with countries like China and India...

By Param Vastani Farmers are the backbone of society. Farming as an economic activity ensures food security and sustainability of rural...

‘The Green Economy’ is a term defined by the United Nations as “one that results in improved human well-being and social equity, while...