Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Policies for Economic DevelopmentPosted on October 17, 2018
Economic development implies an improvement in economic welfare through higher real GDP, but also through an improvement in other economic indicators, such as improved literacy, better infrastructure, reduced poverty and improved healthcare standards. Policies for economic development could involve: Improved macroeconomic conditions (create stable economic climate of low inflation and positive economic growth) Free market …...More
Winners and losers from globalisationPosted on October 5, 2018
Globalisation involves the increased integration and interdependence of the global economy. Since the 1960s, there has been an increased rate of globalisation, which has been characterised by rising trade, rising exports as % of GDP, greater movement of labour and capital, and an increased interdependence of the global economy. Globalisation has benefitted some countries more …...More
Advantages and disadvantages of devaluationPosted on September 19, 2018
Readers question: what are the advantages and disadvantages of devaluation? Devaluation is the decision to reduce the value of a currency in a fixed exchange rate. A devaluation means that the value of the currency falls. Domestic residents will find imports and foreign travel more expensive. However domestic exports will benefit from their exports becoming …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.