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Home/ IB Econ 12 (1)/ Contents contributed and discussions participated by Ettore Baldissara

Contents contributed and discussions participated by Ettore Baldissara

Ettore Baldissara

Cameron clashes with Brussels over EU-China trade | Reuters - 0 views

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    In this article the British prime minister David Cameron promised the leaders of China that he would advocate a multibillion dollar free trade deal. The British prime minister states that China is the second best economy after the USA and so he decided to advocate this free trade deal because he believes that in the long run it will benefit his nation. Opposing his thought though is the European nation, who stated that advocating such deal was a premature move. After this the discussion of human rights drops in, on how EU believes that by advocating such deal there will also be negative consequences on the citizens of Britain.
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.
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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