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Sebastian van Winkel

For the first time since 1998 more money leaves China than enters it - 0 views

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    The balance of payments records two different kinds of transactions: cross-border payments for goods and services (ie, exports and imports), which are recorded in the "current account", and cross-border payments for assets. China's current account is still in surplus, largely because its exports exceed its imports. China is also attracting plenty of direct investment from foreigners eager to buy or build companies on the mainland. But both these inflows of foreign exchange were outdone by a record outflow of other kinds of capital, amounting to a net $110 billion. This left China's overall balance of payments in deficit, diminishing China's international reserves by $11.8 billion (or just under 0.4%).
Mirren M

THAILAND: Inequality Gap Stains Thailand's MDG Achievements - 0 views

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    The article talks about how "human insecurity" takes a toll on the income inequality and how different organizations are taking steps to improve the situation. ""The richest Thais earn 14.7 times more than the poorest," said Gwi-Yeop Son, resident representative of the United Nations Development Programme (UNDP),"
Lucas G

German Factory Orders Unexpectedly Decline on Exports: Economy - 0 views

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    This article concerns the fact that German exports have fallen since December. This reflects what was learned on the "determinants" of exports; national income in foreign nations, exchange rates, relative inflation rates, etc. Considering the recent economic turmoil in Europe, one can assume that the economic situation of foreign countries has affected the level of Germany's exportation.
Lola Z

When is a carbon tax an economic reform? Good question. - The Drum Opinion (Australian ... - 0 views

  • winners and losers in the global green economy.
    • Lola Z
       
      There is also negative externalities of green economies. The possible higher cost will probably cause firms to reject the method and this will lead to a negative economy.
  • what are the implications for the economy of government attempts to curb the growth of carbon dioxide emissions?
  • carbon tax
    • Lola Z
       
      Because of the negative externalities of carbon emission, a carbon tax is in place as an incentive for firms to reduce carbon emission, hence, negative externalities.
  • ...2 more annotations...
  • excise tax on cigarettes or alcohol.
  • Simply imposing a tax on the production of local emissions will not necessarily affect the extent of these externalities because production can move to another country.
    • Lola Z
       
      This is a very critical point. Because the externalities are worldwide, the actions should be taken worldwide too.
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