Economics

A ‘No-Buy’ List for 2025: How One Creator Paid Off $34,000 in Debt by Saying ‘No’

In a bid to tackle mounting debt, a TikTok creator has sparked a conversation about financial discipline through a simple yet powerful concept: the “no-buy” list. In 2025, as inflation and economic challenges continue to impact household budgets, the strategy has gained traction for its effectiveness. The creator, Rachel Smith,[Read More…]

Globalization: Driving Economic Growth Amid Complex Challenges

Globalization has significantly influenced economic development worldwide, bringing both opportunities and challenges. By integrating economies through trade, investment, and technology transfer, globalization has contributed to economic growth, improved productivity, and job creation in many regions. However, it has also led to increased competition, income disparities, and environmental concerns in certain[Read More…]

Economists Struggle to Reclaim Their Role in a Shifting Political Landscape

For decades, economists shaped public policy and swayed governments worldwide. But as the political tide shifts and public trust wanes, their once-unassailable influence seems to have faded. Now, the profession is grappling with a critical question: How can economists regain relevance in a world that increasingly questions their authority? The[Read More…]

The Hidden Cost of Road Crashes: How Accidents Impact Lives and the Economy

Every year, road crashes claim thousands of lives in the Philippines, leaving families devastated and imposing a significant economic burden on the nation. The Department of Transportation (DOTr) estimates that road traffic accidents cost the Philippine economy approximately PHP 105 billion annually, encompassing medical expenses, loss of productivity, and property[Read More…]

Europe's Economic Landscape: Shifting Fortunes and Emerging Challenges I openvoicenews.uk

Europe’s Economic Landscape: Shifting Fortunes and Emerging Challenges

In a striking reversal of economic fortunes, Southern Europe—once derided as the “PIIGS” (Portugal, Italy, Ireland, Greece, and Spain) during the eurozone crisis—is now outpacing its Northern counterparts, raising concerns about new divisions within the European Union. Post-pandemic, nations like Greece, Spain, Portugal, and Italy have experienced robust economic growth,[Read More…]

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