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This article stresses the continue increase of the prices of goods and services in Singapore, causing the inflation in the country to keep growing further. Moreover, this article talks about that the consumer price index (CPI) has risen in August of this year 2% more in comparison with the last year, they also had calculated the CPI in July of this year, which was 1.9% meaning that the inflation kept increasing constantly. This article also strains that one of the main causes for the increase in inflation in Singapore is because of the government measures to slow the inflow of the cheap foreign workers into the city-state. If the inflation in Singapore continues to increase, in the long run this will cause the country's currency to have a value of almost nothing. The consequence of this will be that the people living in this country won't have enough money to live a normal life. Therefore, they will have to have an aid from the government.

Singapore has been dealing with high inflation, which has risen significantly. This is especially in relation to core inflation, that excludes house and car costs, which is higher than had been predicted. Their CPI has increased as well. The Monetary Authority of Singapore has tightened the monetary policy in response to decrease the rate of inflation.  The inflation has partially been caused by restrictive government policies, which attempted to reduce the amount of low-wage foreign workers. These actions were taken due to locals' requests as there is a limited amount of jobs in this small state. The effect was that firms had to increase prices because of increased wages (cost of production) once the cheaper workers were no longer available. Consequently inflation increased more quickly, as did the CPI. To solve the issue, governments are encouraging firms to hire Singaporean employees.   

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.

This article is concerned about how Japan had been mired in a malaise brought on by falling prices and a strong yen for years, resulting in deflation in the economy. The economy's prospects have brightened significantly since Prime Minister Shinzo Abe announced fresh spending by the government and encouraged the central bank to unleash a tidal wave of asset purchases, an approach to decrease deflation. In order to defeat deflation, Japan has submerged into increasing the country's tax consumption and are contemplating whether or not to increase the tax consumption to 10% by 2015.

1. Britain wants to open up a free trade agreement with China; this would be a multi-billion dollar agreement. The EU is highly opposing this, and especially believes that this decision would have to be discussed for a lot longer. Britain's future in the EU is unknown, as they may no longer be welcome due to decisions such as these, which also involve nuclear weapon production and exchange.  2. The article is arguing against free trade, because it seems like the decision would solely benefit the UK and China, whereas other countries will be left out and may even be in danger. Also, because there are so many against it, it would seem best to wait.  3. Domestically, Britain would be extremely benefitted, as the would get a very high profit. Their consumers would have more choices at lower prices. Also their firms will be able to expand their markets, though may face new competition. The government will also gain a very high profit.  Foreignly, it will have many problems with the rest of the EU and other countries, so it may seem unadvisable, especially if it gets cut off from the union. Also, this will mean less exportation therefore loss of money. 

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.

This articled discusses about the EU imposing anti-dumping duties on biofuel from Argentina and Indonesia, which will last five years. Argentina and Indonesia have access to the raw materials necessary at a way lower price than the global market prices available for the EU. The EU has worked in collaboration with the WTO to enforce this punishment on Argentina and Indonesia, which will last five years.  This article is clearly for free trade because it shows how anti-dumping is important and must be enforced, since it isn't fair for the foreign countries to impose a higher price than the production one. Stakeholders can be affected by this issue, for example Argentina and Indonesia will now have to pay their duties for five years because of them dumping biofuel in the EU, while the EU will benefit from this situation since they will now pay the normal price for biofuel. consumers will also probably pay a bit less, since the country as a whole and the government will have to pay less to obtain biofuel. 

1) Briefly summarize the article (3-4 sentences) The article is about the Australian Prime Minister Tony Abbott's protectionist strategy in the purchase of Australian companies. This highlights the event where Archer Daniels Midland attempted to purchase Graincorp, as well as the example of George Bush's Protectionist policy for US steel workers. It is concluded it is better to maintain an open anti-protectionist policy to encourage trade to find the best comparative advantage. 2) Is your article arguing for or against free trade? Explain The Article is mainly for free trade, as it takes the stances of criticizing Abbott's actions as well as likening it to Bush's "Failure". It determines Australia needs more foreign investment to remain competitive. It does however mention Abbott's encouragement to give Quantas more foreign investments. 3) Explain how different stakeholders might be affected (foreign/domestic producers, consumers, gov't) It is stated domestic producers will suffer from the lack of investments, which will consequently affect consumers. Consumers will experience higher price levels and hence higher costs of living. Foreign producers may not experience as much difficulty as domestic producers, though the lack of any comparative advantage will make it less beneficial for the foreign producers. The government is the only stakeholder who will gain, as the higher tariffs may increase tax revenue.

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1) Distinguish whether or not the article is talking about absolute or relative poverty. 2) According to the article what are some possible causes of poverty. 3) According to the article what seem to be some of the consequences of poverty. 1) In this article, the Untied States are described as having a large amount of relative poverty. 2) The cause of the poverty is stated to be the lack of attention to issues by the Government and media involving poverty. The effects of this may be a poorly adjusted minimum wage to inflation, the lack of support for those in relative poverty and the removal of unemployment benefits. 3) It is implicated in the article that there is a poor level of attention to this issue, and that the level of equality is low. The reason to this may be the higher efficiency in an economy at a low equality.

1. The article addresses tariffs in relation to the so called 'Infant Industries'. Even though international free trade  helps poorer countries to get out of poverty, tariffs for the protection of an infant industry represent an exception. In fact, they are part of Protectionism which clearly counter attacks international imports, and they aim at giving a chance to developing domestic industries to become stable and efficient so that they can enter in global competition. But even in such case, economists have proved that they do more harm than good.  2. The article is more prone to free international trade, as it criticizes the application of tariffs even in relation to infant industries, as they always provide more disadvantages than benefits. 3. Of course, Infant industries would be protected with the application of tariffs, although these may not be as efficient all the times. However, this means higher costs for government, which weighs on consumers to get tax revenue to support domestic developing industries.

1) This article talks about the EU that threatens anti-subisdy tariffs to the Argentinean and Indonesian biodiesel after approving five-year levies to counter below-cost, or "dumped," imports from both countries. 2)The article is arguing in favour of free trade as it tries to impose Argentina and Indonesia Anti-dumping 3) The effects on stake holders, will be that in this case Argentina and Indonesia will have to pay for five years as a consequence of them dumping the BIO-fuel on the EU. on the other hand the EU will benefit from this situation as from now one they will pay the normal price and therefore the consumers will pay less as the cost for the government and the country to get the fuel is less.

Using the Google News search tool please find an article that relates to one or more of the above concepts that you have just listed. Make sure that you tag it "Trade" on Diigo and share to the class. In the description box please do the following: 1) Briefly summarize the article (3-4 sentences) 2) Is your article arguing for or against free trade? Explain 3) Explain how different stakeholders might be affected (foreign/domestic producers, consumers, gov't)

Using the Google News search tool please find an article that relates to one or more of the above concepts that you have just listed. Make sure that you tag it "Trade" on Diigo and share to the class. In the description box please do the following: 1) Briefly summarize the article (3-4 sentences) 2) Is your article arguing for or against free trade? Explain 3) Explain how different stakeholders might be affected (foreign/domestic producers, consumers, gov't)

1) Briefly summarize the article (3-4 sentences) Calgon Carbon Corporation announced that the Department of Commerce (DOC) has determined the amount of antidumping tariffs to be assessed on imports of steam activated carbon from China that entered the United States between April 2, 2011 to March 31, 2012. 2) Is your article arguing for or against free trade? Explain My article is arguing for free trade, as it is discussing the revision on anti-dumping tariffs in order to complete a more free trade between China and the United States. 3) Explain how different stakeholders might be affected (foreign/domestic producers, consumers, gov't) Foreign and domestic producers will have increased competition as the prices of steam activated carbon now will be decreasing. This will have a postive effect on consumers, since they now can buy the carbon at a cheaper price. The government will be generating less revenue, as the tariffs are now 0.40 usd per lb less than the initial tariff imposed.