Group items tagged

This an interesting article about the economic happenings from the Great Recession to the present day. It explains how the US economy progressed through and after the recession through the use of fiscal and monetary policies. However, these "policies" did not seem to efficiently help in the recovery of economic growth. Issuing higher taxes (for the so-called sake of increasing government revenue) on both the demand side and the supply side caused further damage to economic recovery and unemployment.

This article is about the growth in UK manufacturing. This relates to what we learned about economic growth. Manufacturing growth means that is an increase in the productive potential of the economy which can cause economic growth. Although this article is about facts and number, it is a good way to see how economic growth matters to a country.

One of the last struggling economies of the EU, France is falling behind even Spain in their economic progress since the recession. To avoid only short term economic growth, but allow for growth in the future, Hollande has been planning to impose new tax and labor laws which favor French economic growth.

China's economy is predicted to have a slowdown but is still expected to have an economic growth of 7.5%. There is no need for the government to provide a stimulus. China's economic growth seems to be in a steady stream of "ups and down" but consumption (AD) is increasing as well. This should push economic growth much farther.

The article talks about how the chamber president of Dothan AL is excited about economic development in Dothan City. He sates that 2 economical developmental projects are under way for the Dothan City Airport and around $100 million awaits for market expansion.

This article discusses the difficulty in assigning an actual measure of economic development for economists. While they are able to work with numerous statistical comparisons such as GDP, these do not provide a full view of the economic standing of an economy (The GDP, for example, does not include assets). This makes it difficult to measure economic development.

Education is a vital part of economic development, however, in this article it says that education does not lead to higher levels of economic growth. It says that education remains a good investment for individuals. The tougher question is whether education at all levels is such a great investment for societies as a whole.

This article discusses the differences in economics and politics in general, and touches upon how dependent economies are on the policies of government, and how the government is equally dependent on the behavior of economies.

This article looks at what the Royal Bank of India believes could be harmful for the future. There are five main points, and one of them talks about the aggregated demand. There is hope for the aggregate demand to increase due to infrastructure projects coming through.

India is facing some macroeconomic concerns. Her economic recovery remains at slow rate. This causes weaknesses in aggregate demand and consumption demand.

This is a very interesting article about the negative effects of economic growth that allows us to directly relate the points raised in our weekly reading activity to the real world. 

The congress party promises to set the growth rate as high as 8% within three years. India aims at social, economic and political transformation.

This article talks about why India needs supply side economics to develop the economy and reduce inflation and unemployment

This article talks about how Obama is focusing on an issue of unemployment inequality. It also states that he is going to pass a bill to raise the minimum wage and execute authority in education and economic development. Obama also highlighted a strategy of "sector partnerships" to bring firms together. This is related to this week's topic because all these situations can affect the whole economy of the nation. Politics are involved because the government passes bills or deals with the situation in some way.

This article covers the story of how a political party in India promises to eradicate tolls on a road if they get elected into power in the upcoming elections. Currently, it would take over 20 years for the cumulative toll to cover the cost of paying the company which built the roads. If the party does indeed come into power, then they would have to find a space in the budget for five times the current allocated money for road works. The political party saw an opportunity to get publicity by making this promise, since all commuters hate paying tolls.

This article discusses the increase of consumer spending, even though incomes have remained the same. Consumer spending is the largest source of economic activity, and an increase in spending leads to stronger businesses, which leads to more jobs and better wages. This allows the Federal Reserve to scale back on the Economic Stimulus, which offset diminished consumer spending with public spending.

This Foreign Policy article contemplates that the Arab Spring uprisings were largely due to por and unstable economic situations, especially in Tunisia, where the revolutions started.

Breaks down the understanding of the Chinese Economy based on three parts: its supply, demand, and credits. It outlines the types of supply, demand, and different types of credit that China's economy depends on. Along with it's reliance on investments. An interesting fact is that last year, output of services made for 46% of the GDP in China.

This article shows how economic activity of certain countries like Japan and the U.S., are rising to the levels before the recession of 2008. According to the Organization for Economic Co-operation and Development this an improvement. The economic activity of other countries like China, Russia, and India are also shown.

Despite government policies which have tried to keep the increasingly high inflation rate in check and the central bank increasing the benchmark lending rate, brazils economy has encountered a 0.31% decrease in economic activity. Despite a growth in retail sales in November and stimulus spending by the government, the economy has contracted as prices rose and decreasing business confidence lead to a decline in investment.

This is an article discussing the different views on the Keynesian model of LRAS. The author argues that the Keynesian model does not account for influences of fiscal policy, and relates this to American economic policy.