EconM2015 September 2013

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.

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.

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.

California has turned itself around recently, surpassing Russia, Italy, and now Brasil in terms of economic might, producing at an equivalent to 2.20 trillion in 2013, and is only expanding, providing much needed cash inflows to the state.

South Korea's terms of trade have risen significantly last November, which is accounted to dwindling oil prices; giving South Korea as a macroeconomy significantly more purchasing power.

The Australian terms of trade has dropped drastically, and measures need to be taken to counter it, as discussed in this article

This article talks about the Latin American trade blocs, and how leaders want the two main blocs to work together.

The Eurasian Economic Union (EEU), the Soviet version of the EU, has just voted on including Armenia into the trade agreement, and will continue to include more ex-Soviet countries in the future.

In this article, Taiwan is wanting to be part of some trade blocs that will allow for their country's exporters to experience less tariffs and open markets for their domestic markets. However, China is not allowing them to.

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.

The article discusses the development around a planned economic integration to the political African Union (AU). Plans were made to establish a free trade agreement amongst the large AU, however officials have deplored the low level of sustainability among member states, and general non-inclusive attitude of many economies.

This article discusses the fact that Turkey's trade deficit decreased to $6.25 billion in October from $7.43 billion a year earlier, below a forecast of $6.7 billion. Data showed that exports rose 7.3 percent to $12.93 billion and imports fell 1.5 percent to $19.19 billion.

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 is a 2013 article about US debt. The debt limit of $16.699 trillion was reached. Since then the US Treasury has been using what are called extraordinary measures to keep paying the bills.

This article mentions that the US trade deficit was slowly shrinking. However, the US manufacturing deficit against China is still slowly growing.

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.

This article covers how the South African Rand has fallen due to trade deficits.

This article is about the surprising reports of Canada's fall in 9 categories of exports while their imports rose. This situation has cause a trade deficit

A law maker in Argentina is vowing for tax relief for Farmers in order to lessen the load on them to allow for lower prices for exports, in order to raise the country's trade balance, which is phenomenally low.

The Commerce Department said on Tuesday the trade gap increased 7.6 percent to $43.03 billion, ending four straight months in which the deficit had narrowed.Economists, who had expected a $40.00 billion trade gap in September, said the wider deficit could cut as much as a half a percentage point off that growth estimate.Exports in September fell 1.5 percent to $195.59 billion, the lowest level since April, a sign that weakening demand in key markets such as China and the euro zone was starting to weigh.A survey of U.S. manufacturers published on Monday showed a decline in a gauge of export order growth, suggesting exports will weaken further.Apart from slowing global demand, exports are seen crimped by a strong dollar, which so far this year has strengthened by about 4 percent against the currencies of the country's main trading partners.