Group items tagged

This article talks about a market failure related with the Tragedy of the Commons that took place a couple years ago here, in Spain, when the water supplies fell drastically with one of the most severed droughts of our history. The over-use of the water as a common contributed to this problem.

This article talks about the british perspective of the EU common market that had remained for many years and how its detereoration is affecting Britain. Also, the article criticizes the posible adoption of measures helping the EU.

I choose this article because I saw it is closely related with the "commons". In this case the common is one of the mains; water. So the case is about how the overexploitation of water can be, and it is, damaging. At this particular case it talks about how the arsenic pollution due to the overexploitation of groundwater is generating serious health risks for Vietnamese population.

Although the United States' problem of mounting fiscal deficits has become common knowledge in recent years, several prominent economists have advocated for additional spending so that the current economic recovery does not sputter. Others on the other hand claim that "In the real world, any increase in government spending is going to further worsen the debt/gross domestic product ratio, meaning debt service will become more and more costly, eventually reaching a point when it is unsustainable…The United States is fast reaching the point of unsustainability - hence there is no real choice but to greatly reduce government spending."

This article talks about the nowadays of the keynesian believes

This is a NYT editorial article written in June addressing the issue of a looming trend of protectionism. The big trading nations' patience with the open market is wearing thin with the sluggish economic recovery. However, it is crucial that the world stays committed to the game with a sense of common purpose to survive the economic crisis. Protectionism brings disruptions of the international supply chains and reduce economic activity.

The article discusses the stability and growth Pact that regulates EU member states' budgets, and its impact on fiscal policy on member nations. Another dimension of fiscal policy is its political implications, and the article articulates this dilemma. Particularly in the case of the EU, where one government's spending has an effect on all other countries as the currency is common, a government's fiscal policy adjustments have political impacts. thus, aside from the economic implications, governments must consider the political ramifications of their actions before implementing fiscal policy.