Group items tagged

This article describes the impact of the Ebola virus on the economic development in Western Africa. The lack in health infrastructure has not only lead to negative economic growth, however it has also led to the decreased use of education and healthcare services, increased job losses, rising food prices, agricultural disruption, increased poverty, increased child and maternal mortality, and increased the spread of HIV/AIDS. The initially poor infrastructure in Western Africa has led to negative development.

This interview details the style of policy making to promote growth initated by Narendra Modi, the Indian Prime Minister. Economic growth and development is arguably the most important area of policy in India and will be a huge focal point of any international discussions centered around the region.

Colorado Springs Economic Development Corporation has been seeing a lack of economic development in the past year of 2014. This corporation hasn't achieved their goals of creating 2000 jobs. However they're not even halfway there. For this corporation to increase economic development within the are of economic development, more people must be employed in order to increase the output and therefore the GDP

Fair enough, this is not the classic article we usually post here. Nonetheless, I found it to be an article that emphasises the role of central bank, a little bit like a mini notebook. It connects central bank to economic development well and explains what are possibilities of policies for the central bank.

Micheal Theis writes that according to a survey conducted by the Austin office of Neighborhood Housing and Community Development, more than half of the ones who moved to Austin had made some kind of a trade off to be able to live where they do. This is because the housing prices are going up and are considered very high.

This article is about an export-promotion strategy the government is going to follow to promote the telecom sector. Increases in the revenue from this sector are expected, and I found the article very interesting since India is one of the developing countries developing at the fastests rates.

This article is really nice as it gives HDI, GII and GDI information about India. Additionally, it states how India has had progress in the 3 components of HDI over the years, but that it still has a relatively low ranking in HDI. This shows that the whole of the world is then slowly improving on HDI levels.

This article explains a new development that allows gasoline and air to be combined to create a more fuel efficient eco friendly car

this article wants to tell us that the copyright monopoly is something bad. That it slows down the development in the future. Personally, I would say that this article is not thought through since it is contradicting and use language like "can fuck off and die". The writer aims a lot on the right of duplicating, and that copyright monopoly stands in its way for that. I would say that duplicating something that a company has put a lot of money and time on, would not be morally right, because the one that is duplicating it will spend a very little fortune and time on doing this compared to the real producers. It is actually a pretty bad article, it feels like the writer tries to promote the duplication right of copying movies, programs, etc. and then share it on for example pirate bay.

I think this article relates to what we are studying as it mainly talks about scarcity. It says that water scarcity is one of the main challenges in Delhi, there is a huge demand for it but they need to learn how to distribute it around the city. People usually do not think that water is scarce, however this article shows that it is and people need to learn how to effectively distribute it.

Water scarcity is a very tough argument. We are consuming very high quantities of water and a huge part is being wasted. The study of economics may help people the population to make a "production possibility curve" so that the use of water is balanced.

It's really important that everyone start to realize how bad this cold be in the long run. If this wasteful use of water continues, we are going to face some serious consequences. Scientists should start working on developing new methods for agricultural use of water, as agriculture is considered to be on top of the consuming industries of water in many areas. meanwhile I think that countries should develop a water consuming rule, that somehow reduces water consumption.

In this article stated that Spain's largest bank made a claim saying the unemployment will take over a decade just to fix. Spain are in a large amount of debt as they rose from last year and the Spanish research and development spending is 70% below the EU level

This article describes how the UK government is heavily subsidising fossil fuel producers instead of prioritising and investing money in renewable sources of energy. Although it is essential to keep crude oil and fossil fuel prices low, as they are essential to many businesses, consumers and indeed the country itself, the G20, of which the UK is part of, has made a commitment to phasing out fossil fuels in favour of greener and more sustainable energy sources. 

Agustin Carstens, governor of the Central Bank of Mexico warns about the spillover affects into the developing world from advanced economies' banks' monetary policies. Money has found its way into emerging markets leading to higher exchange rates and weakening exports according to Carstens. This is a dangerous bubble that could be liable to burst should growth pick up soon. Overall this article provides an interesting insight into how one countries policy choices can have global consequences and how international economics really is.

From Al Jazeera I chose this article about the poor state of the economy in South Africa, 20 years after Nelson Mandela and the ANC came to power, ending the system of political, social and economic segregation, Apartheid. Despite reforms in the 90's the majority of wealth and power is still held by rich whites. With around 30% unemployment rate and young people struggling to find work many feel only anger and resentment to the current ANC government led by Jacob Zuma. Economically speaking South Africa's imports are up and exports down, reducing GDP as AS is shifted left. This is especially evident in industries like mining and banking which many are now calling for to be nationalised. 20 years on from Nelson Mandela's historic victory in the 1994 general election, South Africa, despite being free of the shackles of segregation is not in the boom many predict. The ANC must be careful in there actions, should they, following the death of Madiba lose contact with his legacy and what he stood for.

The UN has made the intentional decision to transform the current economic development model, one that has been followed for 150 years, or since the industrial revolution. Particular attention will be attributed to the issue of climate change.

The article is about Greek firms that use offshoring to reduce the costs of production. They have been shifting production to countries like Bulgaria in a greater and greater extent. As the producers claim, they can spend only a third of their former costs in countries less developed than Greece.

This article discusses the ramifications of the Comcast - Time Warner Cable merger in America. The two biggest internet and cable providers in the country are set to merge effectively creating one monopoly firm. The market has the charactersists of a monopoly in the fact that new firms can not really enter, even huge phone providers like Verizon and Sprint are having to stop rolling out fibre optic broadband, meaning internet speeds for there customers are set to remain slow. The cable industry is often a typical example of a monopolistic market and it looks set to stay this way. 

This article is a good example of scarcity I believe because, it shows that there is a huge demand for robotic self-driving cars or in other words, they are scarce. This leads to many companies like google or Tesla starting to develope self-driving cars because they know that due to the scarcity of the product, they can charge big amounts of money and make a huge profit.

The "Help to Buy" was a political masterstroke since, among other things, the government got help with the claim for a credit for an upswing in the property market, helping to spark a building boom. I think, the offering taxpayer subsidies, will help allocate resources in the free market since more will get willingly to pay for houses. But this is risky for the British housing market, since the levels that would be required to keep prices stable will remain below what is needed.

Africa is or rather used to be the biggest exporter of raw materials. The demand on their commodities come mostly from China, Brazil as well as India. The cooling in economy of China causes drop in demand for oil, wood etc.

I think Africa is one of the richest continents, if not the the richest, however, unfortunately its people are amongst the poorest and least developed in the world.