The world China’s energy revolution has made
Written by Albie Gavshon Edited by Sami Firdose A graph of global GDP over the last two thousand years can tell us a lot about global politics over the last twenty. [1] China’s return to commanding a hefty share of global production has, in part, corrected the historical anomaly that was Western dominance in the world economy. Figure 1: Global GDP shares through history in terms of purchasing power parity. Deutsche Bank. The ‘great divergence’ between Euro-American and Asi
Gen Z Protests and Policy Failure: Lessons from Kenya’s Finance Bill 2024
Written by Shamim Ibrahim Edited by Evan Burgess ‘I concede.’ With these defeated words, Kenya’s President William Ruto yielded to public dissent and withdrew a contentious finance bill after a month of intense, youth-driven protests against it. Aimed at reducing the nation’s soaring debt through higher taxes, the Finance Bill 2024 became a flashpoint, igniting widespread activism domestically and among Kenyans in France, the United States, and the United Kingdom. Despite the
Modern Monetary Theory in the UK
Written by Paolo Parisi-Bush Edited by Mehmet Yusuf Temur and Abigail Ng Over the last decade, many Western economies have experienced a steady increase in the ratio of national debt as a proportion of total output [1] . Whilst slowing per-capita GDP growth may reflect a longer-term trend [2] , governments have increasingly utilised deficit spending to address a series of global shocks following the Covid-19 pandemic. In the United Kingdom, chronically low productivity growth
