Economics

Economics can be an abstract topic that can be difficult to grasp for the individual. But it is an important area that influences many situations and chances of our day-to-day life. We have grown accustomed to a year-round availability of products, rely on the well-being of our industries that employ millions of people and use financial services o either send money abroad or invest in stocks and bonds. The analysis in this section will focus on areas in economics that should be relevant to everyone and that showcase the dependence of many factors and key indicators among each other.

International trade has for a long time experienced significant growth driven by international supply chains, more efficient modes of transportation and the availability of cheap labor in certain parts of the world. More recently, however, other trends are taking over with key phrases like "onshoring" and "regionalization" that describe a departure from the global aspect of international trade.

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The transition of the energy sector from fossil fuels to renewable sources is one of the most transformative trends that economies are experiencing in the twenty first century. The rising importance of energy security is adding another layer to this dynamic that will shape the relationships of suppliers and consumers of those various forms of energy in the foreseeable future.