Jacob Solomon's group - M2015(B)

Here is an application of what we sudied on Qatar.

This article is about the unemployment and the negative sides of the unemployment benefits. "Whatever administrative burden they might face pales in comparison to the burdens confronting the long-term unemployed."

This article is about the unemployment rate in Australia. It shows different opinions from different experts in the country.

This article talks about how unemployment is decreasing and what are the causes. We saw that there was a seasonal unemployment and that the government's intervention was helpful as it created new jobs 

This new policy, outlined from the UK government's recent budget announcement aims to get young people out of the so called welfare culture and into employment. From around the end of the Second World War there has been a rapid increase in people leaving education and signing onto unemployment benefits. With these tougher measures the government hopes to prepare these people for work and curb the relative 7 - 8% unemployment rate. However the government has faced severe criticism, notably for their lack of efforts to get university graduates into jobs since raising university fees here from £3000 per year to £9000 when they came to power in 2010.

This article discusses unemployment in Italy and how it could be tackled.

This article is about a free-trade agreement between European Union and Singapore. The two sides reported that even the controversial chapter on investment protection had been sorted out.

The UK is currently having an extreme deficit in their balance of payments. They have a £70 billion deficit in their current balance of payments. This has been strongly appearing since the beginning of the 2000s. Even now when they're in recovery their balance of payments is still very negative. The UK haven't had a surplus since 1997, this brings up the facts that the UK is the bigger country with a deficit in Europe.Although they're slowly increasing their trade this urges the matter of: how can the UK come out of this deficit in time before there are any severe consequences onto the population of the UK and the world?

This article is about the Russian-dominating bloc, and how it affects trade and economies. 

showing that a surplus is not always desirable

This article relates trade blocs to athletics. 

This article illustrates the opinion of the European Central Bank's President - Mario Draghi. He talks about euro's fluctuation these days and how it is connected with monetary union.

This article concerns South Korea and its increase in the terms of trade due to the cheaper oil prices. Its import price have fallen steeply compared to its export. Affecting the county's GDP and economic growth.

The monetary union of the Euro zone has been heavily criticized as only a place that shares one thing: its currency. It has been judged however they have incorrect, due to the integration of the countries' economies.

This article really looks into how a monetary union can work when it is so divided, and it goes on to say that the political ties are what enables it to thrive without major disturbances. It also mentions how important these ties are for the central bank and monetary policy of the bloc to work

This article, from news agency Reuters, outlines Mario Draghi's, head of the European Central Bank (ECB), statement in Italy this week, regarding the Eurozone, a form of monetary integration. Draghi outlined the need for European countries to complete the monetary union and integrate policy to avert another crash. 

This article says there has been a decline in the current account surplus in Sweden.

This article discusses the impact of oil imports on the Pakistani balance of payments. In Pakistan, each year approximately 5 billion dollars worth of oil is imported due to its heavy consumption, which has a large impact on their balance of payments. Their large number of imports gives them a negative balance of payments and therefore slow down economic growth and impacts other parts of the economy. In the article it is suggested that the Pakistani use domestic coal for power production rather than importing as much oil, which could half the amount of money spent on oil imports therefore reforming their balance of payments.

The article talks about how Britain is facing a deficit balance of payments. The state of the world's economy means that exports are not bringing in the country as much money as is needed, and British firms' earnings abroad are not a lot either. As a result, Britain is facing a problem, which can be solved by trying to incentivise exports (as the article discusses).