Group items tagged

The Recovery Act of 2009 gave 787 billion dollars for economic stimulus, this action by the government is a prime example of Keynesian economic theory as the government is bolstering economic growth and development while simultaneously reducing unemployment. It is recorded that 1.5 million private sector jobs have been saved and there has been six straight quarters of economic growth.

This article explains the monetary policies that are being taken by the US Government in order to reduce unemployment rates.

Interesting article about the recent stimulus package that the US government put into place. Discusses the Keynesian model, which says that government intervention is needed to get an economy back on track.

"China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation." The U.S. government is very unhappy with China's dealings with their currency and policies regarding said fiasco. We are en route to passing a very controversial bill to reprimand China for its backhanded actions.

This article discusses an example of protectionism where a country (the US) might be just giving an unfair excuse in order to prevent imports

This article discusses the different views of the Republicans and Democrats on setting the 2012 fiscal budget. The US government almost shutdown because the parties could not come to an agreement on how to spend money. This is a big topic in the US right now, especially with the increasing debt.

This article is about the dependence of Mexico's economy on U.S. monetary policy. Mexico's peso may decline against the dollar, if US government tightens its monetary policy. "Once the United States starts to have a more constrained monetary policy ... it is to be expected that many of the flows that are arriving in Mexico will no longer arrive ... but this is not something we think could seriously affect the Mexican economy". These are the words of Mexico's finance minister Ernesto Cordero.

The article discusses whether there should be a change in tariff regarding the US flower import. As it is the tariff on Colombian flower imports is 8% but the US government is considering tariff free trade with Bogota, which would be less fortunate for the Colombian flower suppliers.

This article talks about how China is complaining for the protectionist measures being taken by the US government about the solar panels trade between those countries, by imposing a tariff on the imports of solar panels to the USA.

This article talks about the UK government setting a minimum wage which probably will create unemployment as we read in the weekly reading activities.

This article adresses government actions used to spur national economic growth.

This article talks about how the self-developed protectionism (with a combination of tariffs and legislation in favor of domestic supply) of the brazilian economy is threatening its economy.

"According to the National Carmakers' Association, poor infrastructure and pricey credit and labour mean that making cars is 60% more expensive in Brazil than in China. Local manufacturers have long relied on high tariffs." I understand why Brazil wants to protect their car industry, however shouldn't it be time to look at why there is such high foreign competition, maybe if they would use the revenue the government earns from the tariffs, they could implement training programs or educational programs to increase workers productivity and therefore in the long run decrease the prices consumers have to pay.

The U.S. accuses China of dumping solar panels into the United States on very low cost due to government subsidies. Therefore the seek for tariffs of more than 100% of the whole sale price of the solar panels that come from China.