Group items tagged

This article describes a perspective on economic growth and development in Nigeria. Particularly, it focuses on the development of the manufacturing sector in this country in an attempt to fuel economic growth and therefore contribute to development.

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.

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 outlines the consistent debate over nutrition, especially in schools. The beneficial externalities are obvious in an increase in health for the student, as well as the encouraged development of healthy eating. However, if junk-foods are so much easier to obtain and the number of un-educated consumers in terms of nutrition are so low, the public will be more inclined to just keep eating in their old habits. How on earth can the government effectively change this situation for the betterment of society?

This article depicts the failure of the macroeconmic system in Nigeria, and how the country's poverty is exemplified through GDP. The low development of the country is due to a cumulation of low income rates, and a non-industrialized economy. Macroeconomic tactics are failing, and this results in high poverty of the country.

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.

The Swiss national bank (SNB) said it would "no longer tolerate" a euro rate below 1.20 francs. "The SNB will enforce this minimum rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities. The massive overvaluation of the franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development," it said.

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." 

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),"

(No intended link to Monique's) This article talks about the Canadian Wheat Board, and the potentially detrimental affects of ending this monopoly in the prairie provinces. ending this monopoly would make the market more competitive, which would take away from the research and development of new methods and new tools.

India's booming GDP has been making it become a leading pioneer in economic development. However, while the demand side is soaring, the supply side is lagged behind. The production capacity is not enough to catch up with the expand in demand. However, while the trend could not slow down, India can neither create enough jobs nor fund an ambitious welfare state without faster economic growth.

This piece by The Globe and Mail outlines Canada's ongoing shortage of healthcare professionals, particularly family doctors. Although it doesn't address economics directly, this article applies to our topic because doctors are considered a 'service', and thus not having enough of them is a scarcity within Canada's economy. The author talks about how difficult it is to find a regular family doctor in her area. According to her, there are actual business dedicated to helping people locate doctors. At the end of the article, statistics reveal that this is a normal problem occuring in a large part of Canadians. There is actually also a major shortage of healthcare professionals in developing areas such as Africa, where there aren't even suitable medical locations in the case of an emergency. **By the way: I apologize for my lack of tags other than 'scarcity'... I accidentally posted the article before tagging anything else! **I fixed the tags... finally figured out how, woohoo!!

This is a great example of scarcity, and even opportunity cost. These doctors are somewhat of a luxury, and although they are a need, the scarcity makes them a reasonable want as well. Scarcity may have largely negative repercussions, yet there is an occasional positive outcome for some unit in an economy. It's certainly beneficial to the other businesses (helping to locate doctors) that have evolved from this problem, and those companies are profiting from a Nation's scarcity.