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Ettore Baldissara

allAfrica.com: Africa: Studies Find Poverty Still High Despite Economic Growth - 0 views

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    This article is talking about absolute poverty in Africa despite the economic growth in the past 10 years. Even though there is economic growth there is huge inequality between rich and poor. A phew rich people are increasing the growth of the African economy, thus leaving a larger gap between rich and poor. In fact a survey done in this article shows that the poorer people are not even able to buy necessary goods, such as education, health care, food and water. This is a clear article of absolute poverty due to a significant economic growth which caused disparity amongst social classes. The causes of poverty in fact in this article is the economic growth which lead to the disparity of income between social classes. There is an unequal rate of employment, many people are unemployed and do not even earn money. Instead phew others which control the whole economy are very rich and educated. Poor people in Africa are not able to find jobs, they do not posses physical capital and are not able to innovate them selves and find jobs because of a lack of education and health care.
guillermo martinez

Ontario's economic plan to shift focus from austerity to spending and growth - The Glob... - 0 views

  • how to dig themselves out of debt in a time of slow economic growth. Most are still engaged in aggressive budget-slashing.
  • will emphasize spending, particularly on infrastructure, to increase economic growth. The overall infrastructure outlay – $35-billion over three years –
Vladimir Merzlyakov

High economic growth key to poverty reduction: President Pranab Mukherjee - India - DNA - 0 views

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    this article is talking about relative poverty. it says that high economic growth creates new opportunities for people to find a job and to leave the poverty. it says that the growth over the past several years has demonstrated that this if fact does reduce the poverty levels.
benedetta paccoia

Eradication of hunger & poverty should be top on agenda: India - Economic Times - 0 views

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    1) Distinguish whether or not the article is talking about absolute or relative poverty. Absolute Poverty (people cannot afford basic necessities in India)  2) According to the article what are some possible causes of poverty. The lack of good education and work training do not allow workers to be very productive. In addition, the lack of capital such as modern energy resources contribute to poverty just as the extremely low income rates do.  3) According to the article what seem to be some of the consequences of poverty. Poverty appears to affect global sustainment, it does not offer future employment perspectives to the youth and impedes economic growth, given that the poor do not contribute to increase in national output due to lack of education and working skills.
Sungjin Park

Europe fears 'uncontrolled protectionism' as emerging markets turn against free trade -... - 1 views

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    1) Briefly summarize the article (3-4 sentences) The article mainly discusses about the issue Europe is feared about the uncontrolled protectionism. Several countries such as Russia, Brazil, Indonesia, China and other countries are posing a increasing threat to global recovery, because the markets are emerging turning against the free trade. Overall, it will give several economic crisis towards several nations in Europe. 2) Is your article arguing for or against free trade? Explain The article is mainly arguing against free trade, because by pushing over 154 new tariffs and restrictive measures, it will be violating G20's promise and it is a threat to global growth. 3) Explain how different stakeholders might be affected (foreign/domestic producers, consumers, gov't) As reading the article I could see that domestic producers are going to be suffering due to the tariffs and restrictive measurements, thus it will also give a damage towards the consumers. As markets are emerging, the markets will be selling products with higher price levels. The government will be also heavily damaged, because by emerging markets, half of the global is output and free trades are turned back as political pressure mounts.
guillermo martinez

deflation - 0 views

  • Deflation has acted like a stealth tax cut for households and restored some sobriety to costs.
  • Japan is experiencing “non-monetary deflation” on account of a national cost structure that overshot to the upside decades ago, a graying population that favors falling prices over rising ones, and a political system that doesn’t understand that deflation is a symptom of Japan’s malaise, not the cause.
  • the focus has been on how bond traders will react as a nation whose debt is approaching 250 percent of gross domestic product, and which enjoys sub-1 percent 10-year bond yields, begins to produce sustained inflation. A
  • ...1 more annotation...
  • ll players have adapted to a deflationary environment:
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    The article is talking about the situation in japan. The article talk about the deflation that japan has been suffering for the past years, but is saying how japan adapt to it and benefit from it. At the end of the article talks about a paradox that is happening in Japan called the Abe's Paradox that is when a country is both suffering and benefiting form deflation so they don't now to keep it and increase the countries debt or remove it.  The cause of the inflation in japan has been based on how japan has not make any polices to increase central bank polices and that the resulted in deflation. The effect has been both positive and negative, is that the nation debt has approach the 250 percent of gross domestic product. The positive effect is that how deflation helped the price levels to be stable and act like tax cut for households, and put some sobriety for cost. Also how the economic players of japan have adapted to deflationary environment and they now how to benefit from it.
Elisa Trifiro

World Bank pledges more funds for poor in troubled states | Reuters - 0 views

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    1) Distinguish whether or not the article is talking about absolute or relative poverty. The article talks about both relative and absolute poverty. It mentions that there are people living in extreme poverty, thus, unable to provide themselves with basic necessities, as well as people that are relatively poor in comparison to households with greater incomes. 2) According to the article what are some possible causes of poverty. The cause of poverty discussed in the article is the inequality and limited opportunities for the poorest people in each country, which can increase instability, and a rise in conflicts. Furthermore, another cause is the fact that prosperity is reserved for a restricted group. 3) According to the article what seem to be some of the consequences of poverty. The overall consequence is that greater inequality in income distribution will occur if the gap between the rich and the poor grows even further. This would eventually lead to a struggling economic class as well as economic instability.
Amalie Gustafsson

Lack of decent jobs behind Asia's poverty - 0 views

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    1) Distinguish whether or not the article is talking about absolute or relative poverty. This article addresses absolute poverty. 2) According to the article what are some possible causes of poverty. According to the article the cause of poverty seems to be rising inequality, indicating that the benefits of recent economic gains were not distributed evenly. Additionally lack of decent and productive jobs kept most people in the region poor. Also economic growth is not generating sufficient, decent and productive employment. This is due to the nature of growth and the pattern of structural change in many countries in which workers move from agriculture into low-productivity services. 2) According to the article what are some possible causes of poverty. The major consequence or reality is that 1..64 billion people still live on less than two dollars a day. Apart from a huge part of the population starving everyday there are also problems concerning health and sanitary issues.
Thomas Austen

Economic Reports Ease Concerns in China - NYTimes.com - 0 views

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    In August, China experienced their highest trade surplus of the year. With an increased interest in global nations, it is a teller of China's currently well-controlled inflation rate. If the rate of goods remains consistent, the greater interest of importers could dig China out of the domestic debt hole they're currently in. With a healthily increasing inflation rate, like anywhere, China is experiencing higher wages, and higher domestic consumer prices. All in all though, the positive direction the net exports are moving in gives us a sense of the ideal, well-managed, increasing inflation rate in China.
Ettore Baldissara

Japan inflation rises to highest in nearly five years - FT.com - 0 views

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    the currency of Japan is deacresing. this has a negative effect on the whole japanese economy. the rate of inflation has never been so high in 5 years. cost of fuel and electricity rises.
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    Ettore, please add some more thoughts. I would you like you to have at least 3-4 sentences summarizing the article and then a few more relating it to the cause/effect/impact of inflation.
Sungjin Park

Government to hike DA by 10%; to benefit 80 lakh employees & pensioners - Economic Times - 0 views

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    This article mainly discusses about the government in India having a hike in DA by 10%, which allows the lakh employees and pensioners have a benefit. A hike in dearness allowance to 90% from existing 80%, this benefits around 50 lakh central employees and 30 lakh pensioners. The government caused this in order to give benefits to employees and pensioners. Which will show a effect of proportion of basic pay, and it will work out to be over 90% after factoring in the revised all India Consumer Price Index for the Industrial Workers. The impact of it will be that DA was hiked to 80% from 72%. The government uses Consumer Price Index for industrial workers to arrive at a number for the purpose of any DA hike. The retail inflation for the industrial workers (July 2012~ June 2013) needs to take a finial decision.
Tiffany Graham

Poverty levels surge in recession-hit Italy: report | Reuters - 0 views

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    1.The article, which reports an increase in poverty levels in Italy, discusses about both relative and absolute poverty. Relative poverty places the concept of poverty in a social context, people are defined poor when compared to those around them but still have money to survive, relative poverty is based on the cultural environment of the person. Absolute poverty, on the other hand, is when people don't have enough money to meet a basic threshold that is need by everyone to survive, and so cannot afford food, clothing, a house, heating etc. which is what is needed for survival.  2.The biggest causes of poverty in Italy are: unemployment and health/disability. According to the article Italy has been facing its greatest post-war recession, war can also be a huge cause of poverty in countries. Also, the article talks about how in the southern part of Italy people are poorer, when compared to the north, that is also because in Italy southern regions are less economically developed compared to north regions.  3.The article discusses about some consequences of poverty in Italy, by saying that poverty has risen unemployment and has declined purchasing power which have been caused by an increase in taxes which aimed at strengthening the public's finances. The article then discusses about more of personal consequences for Italians which have been considered poor, with poverty levels rising those Italians can no longer afford heating for their homes, holidays away from Italy and purchasing/eating meat. 
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    1. The article talks about both relative and absolute poverty. Depending on the conditions of the households, the level of poverty changes (mix of them in Italy).   2. Some of the possible causes of poverty are because there is high unemployment and higher lack of skills in the southern regions of Italy which are less developed and account for high amounts of poverty in the country. Another cause is that some families have many children, meaning there is less disposable income (they cannot work) and there are higher costs to pay for them. This is also true when the heads of the families are unemployed (unemployment benefits are not enough to support a family) or factory workers (below minimum wage, low wages, lots of hours, low skilled jobs, structural unemployment, firing because of recession). Another issue is when there are two or more elderly people (do not work, or retirement funds are lower with recession, retirement age has increased therefore with aging less productive and lower wages, less disposable income because they have to be sustained). The recession is the main cause of the unemployment and lack of disposable income, therefore purchasing power and consumption have decreased, especially because of a high increase in taxes.   3. The consequences are that people are going below the poverty line and cannot afford necessities (the amount of people in absolute poverty continues to increase, as well as the one in relative poverty). This means that people cannot afford certain key necessities; some mentioned in the article were heating, holidays and meat. 
andreymerz

Jewellers asked to pay tax on Thai gold imports - Economic Times - 0 views

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    This article speaks about the new tax for Thai jewelry imports in India. Gov't tried to defend its producers. This article is more or less neutral and speaks from neither perspective of Indians, nor from Thai people
giovanni giorcelli

ECONOMICS - Countries should leave 'protectionism' behind: Turkish Deputy PM - 0 views

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    leave protectionism behind  It's better for the economy 
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