Category Archives: Economics

China’s Belt and Road

Lifting China from a regional to a global power China’s ‘The Belt and Road’ plan is an economic initiative that if successful, will change the world’s geopolitical centre of gravity and lift China from a regional to a global power. … Continue reading

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Government budget deficits

How useful are comparisons of different countries budget deficits? Definitions of what a budget deficit is and how to calculate it as a proportion of GDP are fairly easy to find. What is confusing however, is when and how to … Continue reading

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Credit-default swaps

What are Credit-default swaps? The current European financial crisis is once again bringing credit default swaps to the public’s attention. But what are they? What do they do? A credit-default swap (CDS) is a form of insurance policy that anyone … Continue reading

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Free Bank Shares for all?

Nick Clegg, UK deputy Prime Minister, has caused a minor stir with his idea to give away shares of the nationalised banks to voters. There has been some opposition saying that the banks should be sold off with the proceeds … Continue reading

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Pundits Prescribe 10 Years of Pain for Greece

The Greek people have found themselves assailed from all sides to pay for a crisis of someone else’s making. They have protested in their hundreds of thousands against the austerity programme of cuts, mass redundancies and the fire sale of … Continue reading

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