Category Archives: Original Articles

Understanding ageing population and how it can impact an economy

Written by: Hammad Mirza

What is Populating Ageing?

To understand ageing from a macroeconomic perspective, it is important to differentiate between the ageing of individuals and the ageing of populations. Interest in the ageing of individuals focuses on survival and longevity (i.e. life expectancy within a country), which make ageing a function solely of changes in death rates.

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Mechanisms of the Digital Transformation; A Cause for Policy Reform

Written by: Mitchell Lowery

In all my experience working in the field of economics (admittedly not within the same context as this article), there have been two things that have fascinated me the most. The first – which I will not discuss any further – is trade, and the second is a phenomenon known as the digital transformation. It was only once realizing the magnitude of its transformative effects on the global economy that I began to take an interest. Its ramifications are ubiquitous throughout society and cause for widespread policy reform.

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Germany Tumbles Down Into Recession

What Is Happening?

 

Fall in the industrial production in Germany has landed the nation into recession. As defined by National Bureau of Economic Research (NBER)’s Business Cycle Dating Committee, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators (Fund).

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Probability of eradicating poverty is getting closer to 1.

Poverty has always been holding mankind from achieving its potential. The inability to maintain the basic levels of survival is still high among 1.85 billion people of the world today. Poverty has been rising faster than the economic policies to eradicate them, even when the rich like Bill Gates, donate most of their incomes to charities. It turns out that just making these physical resources available to the poor, plays very little in uplifting them as has been proven by this year’s Nobel Prize Winners, Abhijit Banerjee, Esther Duflo and Michael Kremer.

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