Development Economics
Development EconomicsSudan’s Civil War, 2023 Onwards: Economic Collapse and FamineReal GDP fell by 23.5% in 2023 and 19.3% in 2024, according to the IMF. The World Bank's estimates are −29.4% and −13.5%.Development EconomicsRussia and Ukraine, 2022 Onwards: Two War Economies and the Sanctions TestUkraine's real GDP fell by 28.8% in 2022. By 2025 it was still 21% smaller than in 2021.Development EconomicsThe Iran Wars of 2025–2026 and the Strait of Hormuz: Oil, Shipping and the Gulf EconomiesAbout 20 million barrels a day of oil, roughly a fifth of world consumption, passed through the Strait of Hormuz in 2024. In September 2026 the…Development EconomicsIsrael and Gaza, 2023–2026: The Economic Cost for Israel, Gaza, the West Bank and the RegionThe Hamas-led attack of 7 October 2023 killed about 1,200 people in Israel, mostly civilians, and 251 people were taken hostage.Development EconomicsPaying for War: Taxes, Borrowing, Money Printing and AidThe United States paid for the First World War with about 58% borrowing from the public, 22% taxes and about 20% money creation, according to economic…Development EconomicsHow War Hits an Economy: A Framework and the Indicators to WatchWorld military spending reached a record $2,887 billion in 2025, about 2.5% of world GDP. It was the 11th year in a row of increases.Development EconomicsThe Solow Growth Model: Steady State, the Golden Rule, and Why Saving Doesn’t Cause GrowthSolow's model proves that capital accumulation cannot generate sustained growth in living standards — and then declares that the thing which can is exogenous. A complete…Development EconomicsMeasures of Economic Development: Exploring GDP per Capita, HDI, and BeyondIn today’s interconnected world, understanding the progress and well-being of nations goes beyond purely economic considerations. Development encompasses various dimensions, including education, health, income distribution, and…Basic Economics GoalsCracking Economic Indicators: A Beginner’s Guide to Market SignalsIn the world of finance and investing, economic indicators play a crucial role in providing valuable insights into the overall health and direction of the economy.…Development EconomicsFactor and Determinants of Growth in ChinaThe process of economic growth is a complex phenomenon, which involves a wide variety of factors, such as political, economic, social, cultural, etc. It is commonly…
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