Our New York adventure started with many weary-eyed teenagers dragging themselves from napping place to napping place as we went from the boarding houses to the 5am coach and then to Glasgow airport for our early morning flight. The excitement hadn’t quite settled in as we were all still rubbing the sleep from our eyes but the buildup of a rather lengthy flight gave us time to anticipate the adventure ahead. Alicia Keys was not joking with her comparison to ‘concrete jungles’ we were all in awe at the differences we could see between the UK and the US without even having left the airport building. We were quick to sample the American ‘cuisine’ with a pit stop at Dunkin’ Donuts whose sugary snacks fuelled us through the journey to the YMCA where we would be staying. With a swift turnover only stopping to grab our purses, we headed right to the heart of the city. We marvelled at the vastness of Central Park and let loose to find our way round for lunch and then to the Empire State Build...

Book Review by Lily P (U6th) - Who Gets What and Why This book investigates the capitalist world we inhabit, it explores how finite resources are allocated using the example of kidney exchange. Alvin E Roth is a Nobel Prize winning economist who used game theory to save thousands of lives by improving allocative efficiency in the market for kidney exchange.  In the USA in the early noughties, two-way kidney was pioneered; this occurs when two donor/recipient pairs trade organs for a better compatibility match. The system was long and slow with donor/recipient pairs having to wait long time to find a compatible matching pair; this was inefficient as many matching markets are. Alvin E Roth realised that if the correct algorithm was designed matches of up to 12 parties could occur; meaning the donor from pair 1 gives the kidney to the receiver from pair 2 and then the donor from pair 2 gives the kidney to receiver 3 and so on, all the way along the chain until the receiver f...

Globalisation refers to the increasing international interdependence of economic agents. It is concerned with the increasing integration of economies across the world. Globalisation has arguably brought benefits to many consumers and workers, however has also incurred a negative effect on some consumers, workers and the environment. Many consumers have benefitted significantly from globalisation. The classical view is that globalisation has created competition which has led to a reduction in prices. In other words, consumers have had a far greater market to choose from, and where businesses have kept costs low: such as by taking advantage of low-pay workers in 3rd world countries, prices have been kept low. This has particularly been the case for MNCs. A new rail link that runs from China to London shows how China is making use of the Western market to sell goods cheaper than Western markets are able to offer. This means that consumers in the Europe are spending less on goods ...