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Yuqi Y

Mark Carney abandons Thatcher-era supply-side policy - 0 views

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    Thatcher-era supply-side policy had been used in UK for a number of decades. Mark Carney, the new governor of the Bank of England wants to reduce unemployment through the monetary policy goal rather than the supply-side policy. He is making efforts to change the emphasis on the supply-side policy, which has always aimed to reduce employment and to control inflation by implementing the increase in investments and the introduction of taxes towards the rich. Carney wants to shift the conditions of the markets towards driving up more investors and creating financial stability through the interest rate policy. This may be the solution to UK's economic problems, which had been lasting for a number of years since 2008 and the Euro crisis.
Tom Zierbock

Ending poverty needs more than growth, World Bank says - 0 views

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    This article talks about how economic growth on its own is not sufficient enough to battle extreme poverty. The world bank stresses that we need to reduce poverty, at a rate of 50 million a year until 2030. As we know fiscal policies can be used to stimulate growth but this is not the only use. We can also use them to redistribute income, which is necessary in this case. Further more monetary policy is not good enough in tackling these issues directly. Dedicated government spending and tax cuts on the poor are far better fiscal policies to deal with the issue.
Yuqi Y

Lib Dem conference: Schools told to cut uniform costs - 1 views

The Minister of Education, Mr. David Laws, wants to reduce the national expenditure on school uniform. He believes that the inflated price of school uniform up to 52 million pounds per year is exce...

Scarcity opportunity cost

started by Yuqi Y on 21 Sep 13 no follow-up yet
Yuqi Y

Lib Dem conference: Schools told to cut uniform costs - 0 views

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    The Minister of Education, Mr. David Laws, wants to reduce the national expenditure on school uniform. He believes that the inflated price of school uniform up to 52 million pounds per year is excessive. The schools in the UK have to reduce the opportunity cost of demanding overly priced uniform. This practice must be stopped. In implementing this policy, British families would be able to save 52 million pounds in one year, which is a sizeable proportion of many poor families budgets. In many lower income families in this period of recession, families who are depending on food banks will benefit from this opportunity cost of spending on uniform as they have a scarce budget. This will help them to shift their household expenditures to more essential items such as food. The opportunity cost of them budgeting a significant percentage of their limited income to an inelastic demand for uniforms may create problems of great scarcity to families with many school-going children. The guideline by the minister stated that the uniform must be purchase from the cheaper suppliers, which will reduce the opportunity costs. This will mean savings for the parents. The question is how do these new policies going to be effectively worked out because some rich parents with no scarcity problems will insist or prefer their children to wear higher quality and more expensive uniforms, some even tailoring them.
Jonah B

Many in China Can Now Have a Second Child, but Say No - 2 views

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    The following article talks about how China has loosened its one baby policy, in order to face the growing problem of a rapidly aging population and slowing economic growth. However many young couples are not taking advantage of this new policy due to the rapidly rising costs of living in China.
Kidus M

Expansionary Fiscal Stance May Bring Inflationary Cycle Back - Caution! - 0 views

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    how the fiscal policy related to the economic growth in Ethiopia might not result in a sustainable economic growth.
Ben G

Australian Dollar falls after disappointing unemployment data. - 2 views

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    This article shows the impact of unemployment data on the currency and mentions how monetary policy should be used to control aggregate demand.
Kidus M

It's the Aggregate Demand, Stupid - 1 views

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    Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. Perspectives from expert contributors. With the debt limit debate temporarily set aside, the Obama administration is talking about finding some way to create jobs and stimulate growth.
Lau A

Oil-gas boom - 1 views

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    This talks about why the policy makers, despite awareness of global warning, are not acting to harm the oil industry - The oil industry seems to have a possitive effect on employment and economic growth.
Jonah B

Obama Budget Would Expand Low-Income Tax Break - 2 views

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    The following article talks about Obama's Budget for the US this year. It proposes low-income tax breaks, to further decrease the income inequality in the US and give more benefits to the low income earners in the US.
Kidus M

Ethiopia's imperfect growth miracle - 1 views

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    this article shows how Ethiopia acquired a double digit growth in recent years. it explain the significance of policy changes in the growth of the economy.
Lau A

Wealthiest Pay Higher Taxes With Scant U.S. Economic Harm - 2 views

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    This article talks about tax increases for high-income Americans, and how this plus spending cuts and economic growth might help reduce their debt.
Tom Zierbock

UN MDGs: The Making of a New World - 1 views

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    In September 2000, 189 U.N. member states and more than 25 international organizations of public and private scope, committed themselves to the complex cause of extreme poverty reduction on a global scale. It was informally spoken of as the largest collective impact agreement at the time, marking history. Although this article is not about the HDI, it however about what affects the HDI, namely the MDG. The period for the MDG has expired and some progress seemed to have been made. The article mentions the reduction in gender inequality in primary education and politics but also notes almost no change in secondary and further education. The UN is currently compiling the new set of goals. The policy has proved succesful and will hopefully encourage success in the future.
Lau A

UK economy growing at fastest rate since 2007 - 1 views

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    "The UK economy grew by 1.9% in 2013, its strongest rate since 2007, according to the Office for National Statistics (ONS)"
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    This article talks about how the UK's economy is growing as a result of the long-policies the government made in order to rebalance the economy.
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