Group items tagged

This article discuses Korea's terms of trade. Specifically, in the year of 2015, it's terms of trade have improved as a result of the weaker import prices. This relates to what we have learned in class this week as we know that one of the short term causes of change of a country's terms of trade is changes in the condition of demand and supply.

I've suggested in a number of earlier posts that I see the first three sections of the first chapter of Capital as, among other things, a metacommentary on the opening sections of Hegel's Phenomenology of Spirit.

Argues against the standard view of fiat-money creation by government and in favor of a credit-money view where banks drive the growth of the money supply.

This article talks about Islamabad's balance of payments and how a series of tax reforms would help maintain the balance of payments so as to combat any imbalances. The recent economic situation in Islamabad has economists fearing inflation and a burden on domestic producers as imports were increasing due to low international prices (this tax will also help alleviate this).

The future of money is to mine virtually as there will be less counterfeit and it will be easier for consumers to access their cash.

The Belarusian Football Union (BFU) speaks for the idea of excluding member states of the Eurasian Economic Union (EEU) from Russia's mooted bill on the limit of foreign athletes participating in Russian team sports, Sergey Safaryan, a deputy chairman of the BFU, said on Wednesday.

Former Ronald Reagan speechwriter Jeff Bell found a lot to like in Donald Trump's tax plan. 'Trump's plan for tax reform is the most populist so far seen among the presidential candidates. It is also the most faithful to supply-side principles,' Bell contends.

Donald Trump, a U.S. presidential candidate and businessmen, holds the highest popularity in the polls, and is well-liked by Republicans because of his vision for economic reform that reflects ideals of President Ronald Reagan. Reagan believed that by lowering taxes on the wealthiest, the money would "trickle down" to the lower classes.

"With an estimated population of 249.9 million in 2013, Indonesia's population is almost 11 times larger than Australia's 23.1 million. With an estimated population of 249.9 million in 2013, Indonesia's population is almost 11 times larger than Australia's 23.1 million." Here we see how two countries are being compared using skills we learnt this week

SA's decreased life expectancy has lowered its human development index. This decrease was so significant that SA is now second to last in the HDI of this section.

The dollar exchange rate versus the manat (Azerbaijan currency) has been gradually increasing since early November. It has raised concerns among the population. For example, the exchange rate was 1.0491 manat to $1 on November 2, and reached 1.0504 manat on November 11.

These concerns could come from the likely consequences that happen with an increased exchange rate, such as inflation. This rising exchange rate could make imported goods and services and raw materials more expensive. Making costs of living raise and costs of production for companies raise.

Egypt's central bank has strengthened the pound for the first time since 2013. It has injected dollars into a banking system that has been suffering from an acute foreign exchange shortage. This relates to our unit as we see Egypt strengthening their pound through government intervention. This means they are reevaluating their currency. This means they will reap the benefits of having a high exchange rate (downward pressure on inflation, more imports can be bought, domestic producers improve their efficiency, etc.) but they of course will suffer some consequences as well (damage to export industries and to domestic industries).

ISTANBUL - According to the Turkish Statistical Institute's (TurkStat) Income and Living Conditions Survey, the richest 20 percent of Turkey's population earned 7.7 times more income than the poorest 20 percent in 2013 and 8 times more in 2012.

This July, President Barack Obama visited Ethiopia and addressed the African Union (AU). In doing so, he became not only the first U.S. president to address the AU in its 52-year history, but the first sitting U.S. president to ever visit the country of Ethiopia.

For the last five years Republicans have valiantly tried to blame the economy's problems on supply rather than demand. Excessive government intervention, regulation and uncertainty have raised businesses' costs and discouraged them from hiringnd extended unemployment benefits has discouraged many from working.

This article shows supply-slides and it gives examples for some of the policies! This could be helpful for exams :)

This article is about how the USA decided to impose tariffs on Solar Panels importer firms earlier than expected, meaning that this aims to reduce imports and increase national production and leading to increasing exports.

This article talks about how the actions of the Central bank regarding lowering interest rates was crucial in the countries inflation rate and economic growth potential.