Group items tagged

This article talks about how a Russian company will use import substitution of metal and engineering products. This means that other countries will lose about 2.5 million USD from orders from Russia.

The article talks about how America's current account defecit has shrinked. This is due to a rising surplus in investment income and growth. Imports have decreased as American manufacturers have regained market share at home, also America has reduced offshore manufacturing in China due to the lower dollar and rising costs of foreign labour.

This article explains how any American who bought imports was contributing to the trade deficit. It then goes on to discuss how the decline of imports has lead to a decline in the trade deficit.

Amid sanctions against the Russian Federation, Belarus has doubled its quota for imported meats. Speculators say that these will be re-exported to Russia, however Belarusian authorities claim these are only for domestic consumers. This either is an example of Russian attempts to avoid sanctions, or a phenomenal increase in demand for meat in Belarus.

The mainland, the world's top consumer of cotton, will slash its import quotas for next year to boost demand for domestic fibre, a senior official said yesterday, in a move that is expected to put downward pressure on international prices. This is a relevant article discuss the policy of quota.

This articles talks about how there has been a growth in the US economy. The GDP has risen by 2.5%. This is due to exports, consumer expenditure and real estate spending. They exported more than they imported, since imports are leakages and exports are injections this helped boost their economy as the injections were greater than the leakages.

This whole article is just a review of what was said by an economist. The part I found especially important is towards the end of the first page, where he talks about how aggregate supply is sometime undervalued. The Commerce Department generally does not report on the aggregate supply, but rather they focus on aggregate demand. For the aggregate supply. the work actually needs to get done for it to happen. The work being labour and productivity.

In this article, the European Union is adding tariffs upon steel pipes imported from China. The EU believes that these tariffs will protect their market from under priced steel pipes. Chinese officials prepared a case to the WTO about the situation.

This article discusses the United States and Japan's recent negotiations for better free-trade, though the article states that it has been very underwhelming. Japan has refused to cut much in the way of tariffs. In response, the United States has refused to cut tariffs on imported car parts.

This is an article on how Bangladesh looks to increase the number of factories, as a means of keeping up with exports, which will then help may back debts. International trade is key for Bangladesh, since they are not able to produce everything they need, so it is important that they are able to pay back sellers, so that the sellers continue selling for a cheap price.

This article talks about how China plans to cut the quota of cotton imports so that the demand of cotton can increase domestically. The reason for this is to boost the demand for domestic fiber.

This article outlines the reduction of a measure of protectionism (quotas) on a commodity, in order to benefit from higher productive efficiency of the international markets. The greater access to the commodity cotton is meant to enable domestic producers of textiles to significantly increase production, a key industry in China.

This article describes the findings of Lanre Kassim of the University of Kent, who has found out that the trade liberalisation of economies in sub-Saharan African countries has not been able to affect the YED of imports and exports, meaning that trade liberalisation has not significantly changed the rate of change of income in these countries. However, Kassim states that PED of exports and imports has increased, and thus a significant change in demand can be recognised, however little the change in total income may remain.

This article discusses how Argentina has fell from its position as one of the most vibrant economies in the world a century ago. It details failure and ineptitude from the government, including a policy of import substitution, which backfired miserably.

China's cheap currency and its large current-account surplus are big controversies in global economics. This article discusses how American policymakers accuse China of manipulating its currency for competitive gain. It peaked at over 10% of GDP in 2007.

China is Brazil's biggest trading partner, and is gaining independence from imports through growing economic power. The resulting fall in demand for Brazilian exports has hit the Brazilian economy hard, as import rates are now higher than export rates. This caused a trade deficit.

This article by the American Heart Association talks about how important and vital defibrillators are in saving someone's life and how the public good should be more accessible.

This article is an example of aggregate demand. Its states that demand for energy in India would rise and outpace the aggregate demand of other countries like Russia, Brazil, and China. It is determined that India would become the third largest country of energy consumption in 7 years due to the overall demand of the nation's population.

Domestic producers were harmed because America was putting high subsidies on shrimp's importet from Malaysia, China, Ecuador, India and Vietnam. It was now decided to put anti-subsidies on shrimps to help producers inside the own country

It is an easy example of how supply and demand work...

This article talks about how the demand of the imported coffee is staying the same (same price) while the supply is dropping due to weather conditions. Suppliers want the price to fall on the coffe to simulate more demand and help with the lower pay they are getting for their roast. This relates closely to my blog post about the decrease of exported coffee from India.

The absence of any pricing mechanism in the Pakistani Pharmaceuticals market has caused a stop in production and inflation of the Rupee. I find it interesting because it really shows us how important a proper pricing mechanisms are in a market.

This paper examines the effects of the increase of oil costs on countries that import oil for industrial purposes. It uses an equilibrium model to show the negative effects of an increased cost in oil. You must open the PDF.