Ripple effects: oil prices, politics and power

The Nigerian capital, Lagos. What impact will falling oil prices have on the country's economy?

Oil plays an integral part in the landscapes of the global and local economy. The price of oil holds great importance for the public’s fuel bills, for countries’ currencies and budgets and for the general health of the macro-economy. Since June 2014, the price of Brent crude has fallen by over 55%. The principal reason… Continue Reading ➤

The Politics of the Politics of European Austerity

German Chancellor Angela Merkel and European Commission President Jean-Claude Juncker in May 2014. Has the advent of the latter's European investment plan indicated a shift in the balance of power in Europe away from German austerity?

The situation in Greece is at breaking point. Local councils have no money and Orthodox churches are having to feed people that authorities cannot cope with. Meanwhile in Athens, the newly elected Syriza party are in a standoff with the European Central Bank as they try to restructure their debt. They promised Greek voters they would… Continue Reading ➤

Who needs the rule of law, anyway?

The Pudong area of Shanghai, as seen from the Bund (Source: Flickr: mclcbooks)

China is not always known for its adherence to the rule of law.  The judiciary is controlled by the Communist Party, and criminal trials, which 98% of the time result in convictions, “often amount to mere sentencing announcements”, according to Freedom House.  The law that exists is flouted with impunity; provisions against torture do little… Continue Reading ➤