Group items tagged

This article shows the real-life application to the new ideas we've been discussing in terms of the Republic of Cyprus. "Cyprus has so far been an energy island -an isolated energy system- and has till recently been almost totally dependent on imports of oil which burden the current account balance. A bright horizon of peace, cooperation and economic growth will then open up for the area of the Eastern Mediterranean, to the benefit not only of the countries and peoples of the area but also of our wider European family." I have included the conclusion to the article as well, which wraps up this sustainability-conscious article."In shaping the world of today and tomorrow through their decisions on energy issues, visionary leaders will aim at improving the prospects of both the current and future generations in terms of economic and social development and of sustainability, and certainly in terms of establishing and strengthening peaceful and hence productive international relations."

This article discusses the potential of European and Asian nations collaboration to achieve economic growth and face the problems of various nations. "Dealing with these problems and overcoming them requires cooperation, strengthening convergence, and utilizing regional potential properly." 

This article shows an importance of price control on goods. Because of the high diesel and gas prices, people's life are being affected, in a negative way. First of all, people who own cars will fell the financial pinch, because now they spend a lot more on diesel. And lives will not keep running, in some contexts, without cars. And diesel is a fuel for heating too. Canada's winter is freezing cold, without heating, life will be miserable. To ensure people's welfare is protected, a price ceiling for diesel, in this case $1.44 cents per litre.

This article discusses inflation in Poland, and includes a lot of information from the nation's policy-makers and economists. This represents a case of anticipated inflation, because they are looking to combat rising prices, and evaluating which methods work, and which do not. The inflation has slowed down, and forecasts/estimates of the economy are looking better, due to increasingly manageable factors such as borrowing costs, interest rates, & price growth.

This article discusses the impact of business franchises in the US economy. The output and production of the franchises has been increasing and maturing as the economy gets better. This contributes to the national output, and the capacity for that output known as aggregate supply.  "The franchise industry is a unique business sector and a vitally important contributor to the U.S. economy spanning some 300 lines of business, supporting nearly 18 million jobs, 825,000 establishments and providing for over $2.1 trillion in economic output,"

Hello, In this article it talks about how the Venezuelan government are trying to control inflation by setting fixed prices. The government's policy of price control demonstrate faith that one day they might succeed and lower their inflation rate which is at 27 per cent, the same as last year. The government are imposing a new law which the price controls will affect five general areas; personal and domestic hygiene products, car parts, medicines and health services and food. The government tries to prevent companies from "hoarding and speculation" and "exploiting the people". Also, the prices for 18 products are being frozen, and companies like Heinz, Pepsi, Coca Cola, and Nestle need 'special' attention. People say that the fear the private companies how will lead to more shortages and more inflation. From Tim

This article on the distribution of income interested me because of the connection to economic growth and development. The efforts to create more equal income distribution are not only good for the population socially, but for helping economic performance. From the article; "This goal is worthwhile not only for reasons of fairness and social welfare, but because it would improve economic performance," says UNCTAD.

This article predicts the demand for the new iPhone 4S, given the available resources. The main service providers are ALWAYS in competition over the latest smart phones, and now Sprint has joined the battle with AT&T and Verizon. The price has been significantly lowered for the older versions of the phone, and the newest version is pretty expensive. Many people will be willing to pay the higher price because of the features and higher level of technology.

By using the words "while supplies last", companies usually convince people that there is a bigger demand for their product than there is supply. This would actually influence demand, because people will think that everyone else wants this phone, and they won't be able to get it if they don't get it soon, so the demand may actually increase by saying this.

This is a report on the World Bank's economic predictions for the financial situation of India in 2012-13. Economic growth will be low, and aggregate demand in mentioned in the context of fiscal consolidation and higher interest rates. These factors will decrease the AD, and we are especially aware that higher interest rates decrease investment and firm spending. Both of those activities will undoubtedly hinder India's national economic growth.

This article expresses the opinion that in order to experience the best economic growth, America must move towards more supply-side policies, and encourage education, hard work, and investments. There are arguments to support both sides of the debate on govt. spending vs. supply-side policy, but the end goal of achieving a better economy are the same.

A lot of movement in the reserve assets component of the financial account in India is causing stress for the balance fo payments. Demand for gold is increasing, and because of great returns on investment and the affinity for gold in India, demand is increasing. The determinants of demand are highly responsible for maintaining this instability in current account deficit and "stress on the system" for the Reserve Bank of India.

This article outlines how dependent energy sources are on water. The wants and needs for water resources are increasing worldwide, and this could become a problem to power plants, hydroelectric facilities, and other major sources of global water supply.

Aha! Scarcity of water supply, and it's a need. It is really important for us, human beings to know the importance of preserving the environment!

This article tells the balance of payments of Ghana skyrockets comparing to the same period in 2011. The main reason is the falling price of cocoa beans, which is a main export of Ghana, and the falling export volumes. With the export going down and imports of oil, and other non-oil imports skyrocket, the balance of payment become negative value.

This article explores the causes and outcomes of a rising current account deficit in Australia. The central bank is evaluating different options to try and balance the current account deficit by manipulating imports and exports, as well as adjusting the value of currency.

This article provides evidence and data of Egypt's Export DEvelopment Fund and the promoting of exports in the first half of the fiscal year. Revenue from exports positively impacted the economy, and the EDF seeks to continue to improve the export benefits entering the nation.

Hello, sorry for the delay. In this article it talks about public goods. The public good at question is the British military, and it talks about a regiment who's job it is to guard a checkpoint to make sure that the civilians are safe and to protect the local community. Also, as a secondary job they are training the local Afghan police and military to help them with the patrol of the checkpoints. It then goes on to talk about how the soldiers are staying there for Christmas and how the Taliban will think that they are celebrating Christmas however, the British military will be on guard. lastly, the video says the all the British and American forces will have left the region and Afghanistan by 2014. From Tim