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Home/ EconM2015 September 2013/ Contents contributed and discussions participated by Marc WuDunn

Contents contributed and discussions participated by Marc WuDunn

Marc WuDunn

The Question Hanging Over Greek Debt - 2 views

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    This article discusses Greek's overwhelming debt load, and anti-austerity sentiments in voters. Greek currently has the second largest debt burden as a percentage of GDP of all developed countries in the world, after Japan. Furthermore, Greece currently has an unemployment rate of 25 percent.
Marc WuDunn

The big chill - 1 views

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    This article discusses the high competition for foreign direct investment (FDI) in the European Union. While at one point the highest recipient of foreign investment, investment in the EU, as a percentage of world investment has fallen significantly. This still represents an increase in real value though.
Marc WuDunn

A century of decline - 1 views

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    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.
Marc WuDunn

The good life - 1 views

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    This article discusses different metrics, including GDP, as a measure of human development. It also criticizes studies that measure "happiness" as a form of statistical analysis of development. It states that happiness tended to vary widely even within the same income group, and so it is relatively unhelpful for forming conclusions.
Marc WuDunn

How rich we really are - 1 views

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    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.
Marc WuDunn

Introducing the Eurasian Economic Union: Where three is a crowd - 1 views

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    This article discusses how Russia, Belarus, and Kazakhstan signed a treaty that paved the way for a Europe-Asia economic union. However, this has angered other countries, such as Uzbekistan, who stopped providing Kyrgyzstan with gas.
Marc WuDunn

Star-spangled spenders - 0 views

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    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.
Marc WuDunn

A number of great import - 0 views

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    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.
Marc WuDunn

What devaluation actually means - 2 views

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    This article discusses Venezuela's falling/devaluing currency, and how it tends to correlate with a lower standard of living. It also illustrates how, after the repeated devaluation of their currency, Venezuelans have opted to spend more of their money on goods. This gives them assets, or items that will not devalue with the currency.
Marc WuDunn

Fixed rates - 0 views

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    This article discusses how the foreign currency exchange market is in a period of very little activity. This is due to the incredibly stagnant interest rates across countries, which has seldom been so stable. It also details banker's crooked abuse of the system.
Marc WuDunn

No more grand bargains - 1 views

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    This article believes that the WTO's current policies in negotiating trade. The current rules are very harsh on protectionist measures, which has caused dissent among various governments and global organizations.
Marc WuDunn

Stalemate - 1 views

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    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.
Marc WuDunn

The Return of the supply side - 0 views

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    While Republicans have long lamented the problems inherent with increasing taxes to fund obamacare, they traditionally have been without any evidence. This article argues that obamacare will definitely negatively affect the labor market, due to the taxes people will face and the benefits others will receive.
Marc WuDunn

The Three Stooges of Fiscal Policy - 1 views

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    This article discusses the current failure of governments to use fiscal policy very well.
Marc WuDunn

World Bank Admits: 'Economic Growth' in Africa = Resource Extraction, Inequality, Poverty - 5 views

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    This article discusses the "Economic Growth" of Africa, which, barely helps Africa's poor. The article states that one of every two Africans is still in extreme poverty. Since Africa's growth relies heavily on resource extraction, Africa is highly vulnerable to market fluctuations.
Marc WuDunn

Euro-Area Inflation at 0.7% Builds Rate Pressure on ECB - 0 views

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    This article discusses Euro-Area inflation rates which are below the European central-banks target rate. Annual consumer prices rose by only 0.7, while the median estimate was 0.9%.
Marc WuDunn

Where Have All the Raises Gone? - 1 views

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    This article describes the scarcity of raises in the United States, especially for those with a college education, due greatly to the recent recession. The article then goes on to discuss ways in which we can increase the number of "good" jobs for these college-educated students in the United States.
Marc WuDunn

Minimum Wage Increase Would Have Mixed Effects, C.B.O. Report Says - 0 views

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    This article discusses the effects of passing a proposal to raise the minimum wage to $10.10 an hour. On one hand it could reduce total employment by 500,000 workers by the second half of 2016, but on the other it could drag 900,000 families out of poverty and increase the annual incomes of 16.5 million minimum wage workers. Moreover, by increasing minimum wage, for the industries that this affects, total output would decrease, as the factors of production would cost more.
Marc WuDunn

A Global "Growth Map" for 2014 - 0 views

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    While the article as a whole discusses factors of growth and their effects on each country for this year, some parts are devoted to aggregate demand. One such section describes the past recession, in which there was a shortage of aggregate demand, crippling the global economy. Since the growth of the economy, and businesses themselves, rely on consumption completely, lower consumption rates leads to a diminishment of both.
Marc WuDunn

Movers and Shakers of China's Economy - 1 views

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    This article discusses the growth of the Chinese economy over the past 3 decades. It also briefly notes China's current problems, such as income inequality, the weak financial system, and environmental damages.
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