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- INOMICS Salary Report
- Posted 3 years ago
Countries with the Highest Salaries for Economists
The following article is an analysis of data taken from the INOMICS Salary Report 2020/21 - which is available to download in full here. Specifically, this article looks at the average salaries of economists around the world working in academia, the public sector and the private sector. It is the first instalment in a series of insights handling the Report’s findings.
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- Post-COVID Britain
- Posted 3 years ago
The Case for Community Wealth Building
'The greatest science policy failure for a generation’ is how the editor of The Lancet, Richard Horton, described the UK’s COVID response last June. It was a widely shared sentiment – made credible by the UK having one of the highest death rates in the western world. Fast forward to the present, and the government has finally claimed a ‘much needed win’ – a big one, too. Its vaccination programme has been rolled out with remarkable swiftness, and the country’s vulnerable populations are well on their way to inoculation. Commentators of every stripe have taken note.
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- Preston Leads the Way
- Posted 3 years ago
Preventing the Death of UK High Streets
The internet has given us many things: unlimited information, ever-expanding interconnection, myriad means of procrastination - in some places it’s even helped birth democracy. But as one hand giveth, the other, as is often the case, taketh away. And in the UK, it looks like the gift of online shopping may come at the expense of our high streets - and the thousands of livelihoods they maintain.
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- A Flawed System
- Posted 3 years ago
The Problems With Development Aid
Development aid: what is it good for? Well, according to much research the answer may well be absolutely nothing. In fact, it may well be worse than nothing. When judged against its aim of ‘instigating economic development and alleviating poverty’, its record is so dismal it looks as though aid actually hinders the achievement of its own stated goals. And the curious thing is this seems to be something of an open secret. Even to an untrained eye the big numbers pertaining to development aid don’t look right. Take Africa, for example. Over $1 trillion dollars has been pumped into the continent in the last 50 years, and how much has it benefited? How many African countries are actually in a better condition now than they were before receiving aid?
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- Political Thought
- Posted 3 years ago
A Critique of Neoliberalism
Few would contest it as the ideology of our political age. Ever since the 1980s, it has dominated western politics, underpinning governance, influencing culture, and leaving its indelible mark across society. During this time its core tenets were rarely challenged and only its peripheral aspects tweaked. The 2008 financial crash, however, changed this, shaking confidence in an ideology whose name, up until that point, was rarely ever spoken. With the loss of savings, skyrocketing inequality and falling living standards that followed, people wanted answers and began to question the political system that had facilitated such a disaster.
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- Blog Post
- Posted 3 years ago
Were We Ready for Brexit?
2021 began not only with an understanding that COVID-19 restrictions would likely continue for some time, but that the effects of Brexit – Great Britain leaving European Union – would also start to be felt. That Brexit would bring about changes to the UK/EU border was known for months. And yet, when it happened, most of the carriers and state institutions were not ready, creating (or rather, extending) the chaos in ports and near the Eurotunnel.
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- Political Thought
- Posted 3 years ago
A Critique of Centrism
The current moment is one defined by crisis. It can be found everywhere: in the climate, economy, mental health, even in democracy. It’s so ubiquitous as to have almost become the new norm. Amid the chaos, politics has struggled to keep up, its landscape is in permanent shift, its rulebook long thrown away. New formations have emerged, metastasized, sometimes died, and occasionally taken over - developments often surprising and hard to make sense of. What’s clear, though, is that polarisation has set in. From Bernie to Bolsanaro, from Modi to Make America Great Again, the voices now heard, the names that fill newspaper columns, are reminding us just how wide the political spectrum is. For many, it's a terrifying prospect, for others, it’s a thrilling and necessary reset. For the centre, as developments in the US and UK are showing, it may well spell death.
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- A Heavyweight Clash
- Posted 3 years ago
Capitalism vs Socialism
As claims go, Francis Fukuyama’s insistence that history’s run its course has aged rather badly. The ascent of China, the Great Recession, spiralling inequality across the West, and now COVID-19, have all, in their own way, undermined his notion that capitalist liberal democracy is the political endgame. If anything, political choice seems to be expanding. People are increasingly being offered the opportunity to continue with capitalism, occasionally of the nativist variety and sometimes strictly neoliberal, or, alternatively, to try a little socialism.
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- INOMICS Salary Report 2020
- Posted 3 years ago
How COVID-19 has Affected Economists in the Global North and South
The damage wrought by COVID, far from equalising, has been pointedly prejudiced. While the virus itself may struggle to differentiate between people, the world in which it operates has no such problem. Indeed, its structures have ensured COVID’s disruption of employment has fallen unevenly across regions - the experience of economists a case in point. Data from the forthcoming INOMICS’ Salary Report speaks to this directly, revealing the relationship between where one works - specifically in which country - and the level of vocational dislocation.
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- Home Office and Uncertainty
- Posted 3 years ago
COVID-19: The Economists' Experience
That the world of work has radically changed we know, we see it before our eyes: kitchens have replaced offices; pajamas, suits; and housemates often now fill the space previously occupied by colleagues. But how have these changes - and others - been felt by economists around the world? Through a textual analysis undertaken in the INOMICS Salary Survey, we answer that question and, in doing so, paint an anecdotal picture of economists’ COVID experience.
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- We Stand Divided
- Posted 3 years ago
The Effects of Inequality on Society
Inequality is rampant, we hardly need telling. Rarely does the print media pass up an opportunity to remind us. We stand inundated by an endless stream of statistics – on scales barely fathomable – each one more depressing than the last. For instance, it’s widely known that: ‘8% of humanity takes home 50% of global income’; that ‘the top 1% own 45% of the world’s wealth’; and how could we forget that ‘the 26 richest people on earth had the same net worth as the poorest half’. As shocking as these stats once were, they’re now dishearteningly familiar; we can recite them unassisted; we are numb to them.
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- Blog Post
- Posted 3 years ago
Sudden Delivery Disruptions Due to Pandemic Will Not Go Away Any Time Soon
At the end of 2020, chaos in the transport industry ensued after many European countries, including France, decided to ban all travel from the UK. The reason was the rapid outbreak of a new COVID-19 strand. Ultimately, the industry was not ready for such a turn of events. It is incredibly difficult to prepare for what came to pass: in the morning everything started as usual, and then a few hours later, all change and a 180-degree turn.
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- INOMICS Salary Report 2020
- Posted 3 years ago
COVID-19 and the Effect on Female Employment and the Gender Pay Gap
Less than a year on from COVID’s genome sequencing, vaccination programs are being rolled out around the world. And while the pandemic is far from over, it would appear we’re approaching its endgame, arriving there faster than anyone dared hope. The previous fastest ever vaccine to be developed was for Mumps - and that took four years.
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- INOMICS Salary Report 2020
- Posted 3 years ago
How Has the COVID-19 Coronavirus Pandemic Affected the Academic Sector?
Although we’ve been told time and again that the pandemic doesn’t care about who you are, in reality it hasn’t affected everyone equally. Senior Editor William Pearse has already written about how COVID-19 has been harder on those from ethnic minorities and on poorer communities in the UK.
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- INOMICS Salary Report 2020
- Posted 3 years ago
How has the Economics Job Market Been Affected by the Coronavirus? - Salary Report Introduction
In 2020, INOMICS once again carried out its salary survey, examining the state and health of the economics profession worldwide. As in previous years, the survey considered pay, sector, seniority, location, gender and educational background. Our 2020 survey was launched in the spring as cases of coronavirus began to increase exponentially around the world. Consequently, we added new questions related to the coronavirus pandemic to assess the effect of the crisis on economists and economics students.
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- The Freight Shipping Industry
- Posted 3 years ago
Who is Responsible for a Shipping Vessel? Ownership and Scrapping
The United Nations Convention on the Law of the Sea (UNCLOS) stipulates that the primary responsibility for vessels lies with the flag state of the vessel. Consequently, this means that each merchant vessel must be registered under the flag of a specific state. The flag state of the vessel is responsible for the inspection of the vessel and compliance with safety, pollution prevention, crew certification and international standards.
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- Blog Post
- Posted 3 years ago
8 Halloween Costumes for Economists
In keeping with the season, we have put together a short list of ideas, collected from various economics-related source, which may be useful if you are attending a Halloween party full of like-minded economists.
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- The Internet Speaks
- Posted 3 years ago
Top Memes All Economists Will Love
Economics is serious business, but sometimes we all need a break! And that's when the internet is there: to sympathise, to commiserate, and to make us smile at the end of a tough day. Fortunately the stereotype of economists being humourless is not true – there are plenty of fun and funny economists who are out there sharing their humour. From students to senior professors, there are memes on the internet to express all aspects of the study and practice of economics. Below you'll find 10 of our favourite memes that we know all economists will love!
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- The Power of a Discipline
- Posted 3 years ago
Can Economics Prevent War?
Is economics a useful tool for maintaining peace? Can nations use economic policies to avoid war? With globalization an established fact of modern politics, this question is more important than ever. In this piece, we'll consider arguments both for and against.
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- The Freight Shipping Industry
- Posted 3 years ago
Alarming Trend due to COVID-19 – Maritime Piracy on the Rise
Speaking of current issues under the influence of COVID-19, events on the water, or sea, which is another parallel world with its written and unwritten laws, are somewhat undeservedly forgotten. Looking at the latest data, we need to talk about a very worrying trend over the last year. Although global maritime piracy is not as high as between 2009 and 2012, in 2020 the number of pirate attacks and attempts has increased by 24% compared to 2019.
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- Blog Post
- Posted 3 years ago
Which countries own the world's largest container ships?
According to the International Chamber of Shipping, more than 50,000 container ships are currently active in the oceans. These are large vessels that carry cargo in closed containers. The capacity of a container ship is measured in twenty-foot equivalent units (TEU), while a vessel with a capacity of more than 20,000 TEU is defined as a very large container ship.
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- The Moneyball Effect
- Posted 3 years ago
Statistics in Sport
‘Chance dominates the game’ concluded C. Reep and B. Benjamin in their 1968 study ‘Skill and Chance in Association Football’ - and not without consequence. Until recently, this statement stood as received wisdom, the phrase deemed self-evident, its veracity left unquestioned. Predictions based on statistics were a folly they said, the game was ‘too fluid, too unpredictable’.
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- Chemicals in the Shipping Container Industry
- Posted 3 years ago
Inventory of hazardous substances in container vessels: another necessary but bureaucratic burden for carriers
The European Union (EU) is working very hard to make ship recycling greener and safer in the future. It is quite clear that the dismantling of ships in many parts of South Asia in its current state is not acceptable, either from an environmental or a social point of view. Ship recycling regulations, adopted seven years ago, are finally gathering pace now. In particular, the regulation firstly prohibits or restricts the installation and use of hazardous materials such as asbestos or ozone depleting substances on board ships.
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- The Freight Transport Industry
- Posted 3 years ago
Freight container market needs a two-year recovery period
The COVID-19 crisis has hit hard enough and continues to affect the global container shipping market. The current economic situation does not give much hope for a short-term recovery of this market. Demand for container shipments has fallen sharply, especially as China closed much of its plants in February 2020. The volume of production or cargo to be exported to other countries plummeted. The situation was exacerbated by a number of restrictions and requirements in almost every industry and in the world's ports.
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- The Student Mental Health Epidemic
- Posted 3 years ago
Depression and Anxiety on the University Campus
In recent years, an epidemic has enveloped university campuses across the world - and it's not the COVID-19 coronavirus pandemic. Compared to any other generation of college students in history, current students experience more mental health issues than ever before. Some reports suggest that 35% of freshers in American universities experience anxiety disorders - and this percentage is compounded by the fact that, terrifyingly, nearly 10% of students have considered suicide in the previous twelve months. Since the 1950s, rates of suicides on American campuses have tripled, and it’s now the second most common cause of death among students. In the United Kingdom alone, a student commits suicide every four days.
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Pagination