Economics

The Mammoth in the Room: Factors Behind Income Inequality

Differentiating the deeper causes of income inequality from those that are more accidental is difficult. When we examine our own particular environments, it is natural that we should focus on our immediate surroundings: our colleagues, neighbors and fellow citizens. We don’t often think about how those on the other side of the world are faring.…
1

Vision 2030 Plan: Saudi Arabia post-oil?

Until last year, oil prices had ranged from $90 to $100 a barrel for about a decade, notwithstanding a drop during the 2008-2009 financial crisis. By December 2015, the price of Brent crude had dropped to $36 a barrel. As a result, countries heavily reliant on oil exports like Saudi Arabia, have been forced to…
1

Brexit: 7 Lessons to Draw

Brexit shows the primacy of politics and emotion over economic rational calculation. It is very difficult to understand the decision of British people otherwise. Britain, or what would be left of it after potential secession by Scotland and Northern Ireland, is likely to become a less open economy with a long-term decrease in productivity potentially.…
2