Group items tagged

This article talks about the recent food crisis and its origins. It describes the various ways in which demand has increased, and thus how prices have increased. It also talks about how the market should respond to lower prices.

This article is about how the financial crisis of 2008 has affected the market for luxury yachts in the Middle East. The article reports that sales of leisure boats are expected to plunge up to 75% as people are less willing to splurge on luxury goods. This shows that the YED for luxury yachts is relatively elastic, as the loss of income resulting from the crisis has caused a greater than proportional change in quantity demanded.

Japan has fought off the hard economic struggles after WWII, and seemed to finally achieve economic stability after twenty years of hardship........until the economic crisis hit worldwide and paradise lost. Wages began to fall at the nation-level even before the crisis hit Japan because the workforce shifted from well-paid elderlies to underpaid yougnsters. Because of this, Japanese consumerism seems to have changed - people are suddenly more thrifty. The firms have to fight for a better deal against other firms under the competition.

In this article, China's desire to overcome the crisis through economic growth is shown, as it has increased exports enormously, to increase injections, up to reaching number one in the whole world, on top of Germany.

This article from the Wall Street Journal describes the economic problems faced by Greece and the effect on the European Union because of the 2007-09 financial crisis. It was recently revealed that the last government of Greece left a huge amount of hidden debt, hidden with the help of Goldman Sachs. The Greek economy has since moved into a recession.

This article is about market for high-end and luxury goods in Asia. With an increase in income and spending power, there has been an increase in the demand for luxury goods.The article also highlights the movement of these luxury markets from NY and Geneva as a result of the economic crisis. Income has decreased in these places, therefore demand for luxury items has decreased.

As food prices rise in the world, more people become impoverished. Robert Zoellick, President of the World Bank, argues that inflation in food prices is the greatest threat to people living in poverty. Zoellick also criticizes export bans that lift costs for foreign consumers, as the bans put additional strain on local food prices in impoverished nations.

After G20 summit discussing the aftermath and the resolution for the ecnomic crisis that left great impact in the world market, countries agreed to establish tighter regulations over financial institutions and made advices for specific countries for improvement. For example, Japan and China were encouraged to reduce their dependence on exports by promoting products domestically. Quotas like these are examples of price controls in a world wide scale.

This article is about American's statistics of Keynesian economics. Some people think that its a good way of economy which helps US to stay in balance, other people think that Keynesian economics ruining US economy. -Washington has continued Keynesian economics well into the 21st century and that alone has caused the current economic collapse of the US economy. National telephone survey suggests that only 11% of Americans agree with the idea that the federal government needs to spend and increase the deficit during tough economic times, while 70% disagree with Keynesian economy. Americans should come ti agreement on which economy they should choose, so it can help them to get out of crisis.

Education is a public goods provided by the government in almost all MEDCs. If education is a public goods, the previleidge to receive education does not get stripped away even if someone else receives. However, in Haiti where the earthquake hit hard, children cannot receive proper education. In a country under crisis, education may not be a public goods, but rather a produce only available for those who have the will to pay and the ability to pay.

One of the major problems in the Thailand, a country at political crisis, is the economic inequality between the rich and poor which is aggravating the political situation between the middle-class and low-class. This is relevant to this week's topic because a proper government is not placed in Thailand to redistribute the riches' wealth to the poor population.

Sudan is suffering an economic crisis, with a current account deficit and currency devaluation driving up inflation.

Japanese woman were one the of "the world's biggest spender on luxury product" and they would happily part with a month's rent or even salary for designers handbangs, scarfs, clothes, and shoes. However, the economic downtown caused by the worldwide crisis has brought wages into a 15 months fall and unemployment rate to exceed 5%. Luxury brands are goods that are heavily effected by the overall health of the economy and the wages of the consumers

International Monetary Fund has agreed to provide aid for Portugal who is experiencing a sovereign debt crisis.