China’s one-two-child policy

China’s one-two-child policy

China is expected to revise its barbaric one child-policy, implementing a more ‘lenient’ two-child policy in March of next year. But what provoked this reversal in policy and will it achieve its aims?

The detrimental, global impact of China’s slowdown

The detrimental, global impact of China’s slowdown  

Over the past decade, China’s annual GDP growth has averaged at just under 10pc, but recent figures show that this trend has been broken. In the last quarter, China’s reported growth has been 7pc and Western Economists suspect that growth has been much lower and set to decrease further. China’s demand for commodities has decreased as she shifts her economy to consumption, away from investment, thus depressing global prices. Earlier this year, the Yuan devalued, resulting in further decrease in global demand and so repercussions in the global economy.

Goodbye to Britain’s steel industry?

Goodbye to Britain’s steel industry?

Britain’s steel industry seems to be in steep decline as evidenced by the recent announcement by Tata Steel that 1 200 will face job losses in Scunthorpe and Lanarkshire. Thailand’s SSI also recently announced that 2 200 will lose their jobs as a recent on the closure of its Redcar works. However, these effects are expected to ‘ripple’ through the economy, as other sectors such as scrap metal dealers, metal traders and steel processors are expected to face job losses as a result of these closures.

Giffen’s Paradox

Giffen’s Paradox

The Law of Demand is firmly engrained in the minds of economists: ‘As the price of a good increases, the quantity demanded decreases’. However, like every good rule, there is an exception. In this case: Giffen Goods.