Group items tagged

This is my article for this week's topic - China overtakes US as the biggest importer of oil. The article above relates to Aggregate Demand My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2014/02/20-3_-_Aggregate_Demand_Newsstand - Bee

LONDON Nov 7 (Reuters) - Britain's goods trade deficit widened by more than expected in September, hit by a jump in oil imports and by weak export growth to the European Union, official data showed on Friday. This article paints a very clear picture about Britain's ever increasing manufacturing crisis. Britain has becomes a consumer nation, with little being produced that could reduce the current account deficit. The figures in the article show a continued increase in deficit which will have to lead to more borrowing to bridge the gap. To me this suggests that more has to be done to increase the balance of trade in goods through manufacturing and high end exports in goods.

With elections on in many parts of India, much is being said about the importance of democracy and how it brings growth and prosperity.

Indonesia's economy is reporting the slowest growth rate in 4 years. While in the previous years the GDP increased by over 6 % this year the economy only grew by 5.78 percent. Apparently are declines in the import of raw materials and machinery, and the Indonesian central bank raised its benchmark 5 times to account for their current deficit of 10 billion.

This article talks about Japan's exports and how it has affected their domestic demand

This article discusses about the income effect of rich millionaires in China. The demand for butlers for the superrich has created a special school of training for them. The butler is trained to be able to work as managers to have the proper attitudes and training to help their bosses to live more comfortably. The training includes how to handle foreign guests and important officials. This means that the butler must be well paid and the ability to handle various responsibilities increase their demand. There is a ready supply of young China graduates who desire to work because of the re-numeration and the opportunity to have occupational mobility.

BRUSSELS-The European Union could drop controversial investor-protection rules from its free-trade talks with the U.S., it is unlikely they do the same for its trade deal with Canada, its designated trade commissioner said. The deal is an important agreement between the states and the EU because it allows for faster and simpler trading between the countries. However, the debate has been intense around a specific clause which provides investors with additional protection which, if exploited, could allow them to potentially sue governments. The question is how free should the trade agreement be and what is the right level of government control.