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Pip Dop

TPP 'too important for compromised finish' - 2 views

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    The US and Japan are considering closing a deal on dairy industry liberalisation by imposing tariffs on for example skim milk powder and butter. These tariffs, which are supposedly introduced to 'protect Japanese agriculture' make trade impossible, which is in turn hurting countries heavily dependent on the dairy industry, like New Zealand.
John B

William Easterly: Singing About Fighting Poverty, Slightly Off-Key - WSJ - WSJ - 1 views

  • The progress against poverty in China is obvious, but whether China's government deserves to be held up as a development model is not so clear. For instance, who gets to decide whether mainland Chinese citizens should be content with improved standards of living and so few protections against the frequent violations of their rights by their own government?
  • Extreme poverty in China has been reduced over the past few decades precisely because Beijing permitted the freedoms of a market economy to infiltrate a communism-blighted society. If the regime's repression now worsens, count on the end of the country's high growth rates.
  • Yet freedom is arguably central: first, as an end that people want for themselves, and, second, as the most well-proven path to escaping poverty. Consider among others North America, most of Europe, Australia, New Zealand, Japan, South Korea, Taiwan and Chile, where the answer to poverty was economic and political freedom.
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    In this article, the author discuss the affects of the actions of the government in China. It is a modern topic today due to the demonstrations being held in Hong Kong. The authors mentions that the statement about entering a democracy, and then pulling back on the decision means that they were on the right track to get the market more free from the government, hence less poverty, but now he thinks it is gonna worsen the economical conditions. A free market has saved many economies, why should China still not give in for the human rights and improve their economy?
Amanda Anna G

GBP/EUR, GBP/USD, GBP/AUD, GBP/NZD Exchange Rates All Weaker on House Price Falls - Exc... - 1 views

  • The Pound (GBP) exchange rate remained weaker against the majority of its most traded peers on Thursday as house price data added to concerns that the UK economy is slowing down and reduced pressure on the Bank of England (BoE) to raise interest rates.
  • Against the US Dollar, the Pound weakened to a fresh 14-month low and against the Euro, it declined to its weakest level in three weeks. Against the Australian and New Zealand Dollars, the Pound fell to its lowest level in 2-weeks.
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    This article is about the exchange rate in the UK for the Pund (GBP), which has become weaker during the past weeks. This implies that the UK economy is slowing down. 
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