Skip to main content

Home/ IB Econ 12 (1)/ Contents contributed and discussions participated by Francesca Petrini

Contents contributed and discussions participated by Francesca Petrini

Francesca Petrini

EU to impose anti-dumping duties on biofuel | European Voice - 0 views

  •  
    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. 
Francesca Petrini

Italy's Unemployment Soars to Record High on Recession - Bloomberg - 0 views

  • ent from a
  • Italy’s jobless rate
  • persisting recession, the longest since World War II.
  • ...5 more annotations...
  • he highest since the data series began in the first quarter of 1977,
  • Enlarge image
  • Enlarge image
  • ent that the nation’s gross domestic product will fall 1.8 percent this yea
  • Antonio Golini,
Francesca Petrini

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

  •  
    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. 
Francesca Petrini

Japan prices - 0 views

  •  
    This article discusses about the recent (August) increase of inflation in Japan, after a deflation that had been lasting for fifteen years. The labor market is very tight and companies have been starting to raise wages, which would indicate that prices will still rise, leading to Japan reaching its goal of a 2 percent inflation rate. Japan has come through recession in 2012, and prices raising tend to indicate that Bank of Japan's monetary stimulus and reflationary policies have been bringing improvements to the economy.  The fact that inflation has been increasing lately will have absolutely a positive effect on Japan's economy, which has grown by a third between April and June. What Japan needs to focus on now is keeping the inflation rate stable and not letting it be affected by disinflation. Prime Minister Abe has been pressuring employers to raise wages, which it might not be the best move, since it will reduce their competitiveness. In the long-run, if the inflation is kept at a normal and stable percentage it will surely be positive for Japan's economy. 
1 - 4 of 4
Showing 20 items per page