Group items tagged

Japan's nuclear crisis and the devastations caused by last Friday's earthquake and tsunami are unlikely to trigger a global recession as happened in the aftermath of the collapse of the US investment bank Lehman Brothers three years ago, according to leading economists. However, they expressed fears that automobile and electronic industries around the world, especially in Asia, Europe and the US, may face manufacturing delays, if the Japanese production of components remain crippled for a long period. Even though Japan is the world's third largest economy, its share of the global gross domestic product (GDP) is below 5 per cent. Therefore, the consequences for the global economy from the catastrophe will be very minimal

Monetary policy has become even more accommodative since the peak of the financial crisis in Frankfurt. Read more to discover how the central bank has exerted its power in order to ensure price stability, its primary task.

This article shows how the elasticity of demand is affecting the crisis seriously.

This is an article that talks about how the silver demand is rising because of the economic crisis and the general want to invest in safer values such as precious metals. That's why silver price is rising.

Silver has became a precious resource that only a few of lucky people can have. Its demand has rise due to the fact the economic crisis has affected a lot people's economic prospectives. Therefore, the prices have increased and this is producing others to invest more in metal than silver.

This article talks about how rise in sugar prices affected the demand and prices of candies. It is a great article to write an IA on, because it is possible to create graphs for it and there aren't any economic terminology that we haven't learned. It's too long, but I will cut it down.

Recent floods and Cyclone Yasi in Australia damaged Queensland's coal and agriculture industries, reducing the country's real level of output therefore adversely affecting its economic growth. This could make the economy contract for the first time since the global financial crisis. Furthermore, The damage to agriculture industries is expected to cause a spike in food prices increase inflation over the next few months.

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.

Imposition of levies (taxes) by G20 governments to reduce government budget deficit: The G20 summit held in Canada over the weekend has confirmed the trend of fiscal consolidation which is happening in many of the major world economies in the wake of the financial crisis and recession. Leaders have agreed that debt as a proportion of gross domestic product needs to be stabilised or actually reduced by 2016 and it was noted that all the G20 countries had committed to halving their respective deficits within three years. Plans to introduce a global levy on banks have, as expected, been dropped although the summit confirmed that member countries would be free to introduce their own measures. The UK introduced a levy in the emergency Budget last week and some other European countries also have plans to do so...

This article talks about how fiscal policies, concretely deflationary ones, are being required because of the middle-east and north-african conflicts that have been taking place throughout the last months.

The thrust of fiscal policy in South Australia since 1994 towards reduced budget deficits and the elimination of government dissaving (borrowing to fund consumption, mainly salaries) was opposed from the outset from within the ruling alliance, with calls for a larger role for the state in the economy being accompanied by demands for increased government spending and larger deficits. With president Thabo Mbeki 's departure in 2008 brought about in part by the same political elements, there were reasons for believing that fiscal policy might change. But the global financial crisis and the local recession instead took precedence over policy debates within the alliance. Budget deficits rose and interest rates fell, but for cyclical reasons and not ideological pressures.

In the face of the Euro crisis, the Economist compares and evaluates the merits/demerits of the two major trade blocs that the United Kingdom is engaged in - The European Union and The Commonwealth.

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.

While the economic definition of 'scarcity' may seem obscure to this particular scenario, on closer inspection we find that the definition of 'unlimited needs/wants but limited resources' can indeed be applied to the scarcity of jobs as a result of the recession. The 'want' in this case is labour seeking employment and the limited resource is the relative liquidity of business. While this article is generally about foreclosure and its effect on the economy, I feel it demonstrates a highly relevant application of economic scarcity in the current environment.

I totally agree with you and the website. Jobs are also a scarcity problem. Because resources cannot be limited (some maybe not), but jobs is definitively limited, due to the fact, there are not enough jobs for everyone. Day by day, people are suffering more to find jobs, due to the amount of people trying to get them. Popularity in the world is increasing greatly, jobs is not so much; therefore, jobs is a scarce "good".

Jobs are the main scarcity problem in my country and I think it's a huge problem for the world too. Like resources, there are limited amount of jobs for the people and sometimes adults stay jobless. As the world's population increases, number of unemplyed people increases too. When there was an economic crisis in the world, many poeple were fired from their jobs.

its very important to take into consideration that water is scares resource as in many areas such as in mexico people suffer from fresh water shortages, here is a second website that BBc talks about water crises and in addition we should look at mexico water crises as they overexegurate in using water for iriigation many palces in cities are lacking water. its very interesting read please and become more green to save our planet :D http://www.mexconnect.com/articles/1497-water-crisis-availability-of-water-in-mexico

The article discuss how despite the world wide economic crisis, Coca-Cola is able to not only stay afloat but they have manage to increase the net income in the US and around most of the world. Demand for Coca-Cola will remain stable or grow despite the world economy.

in my article is vividly shown price control. it is connected to low South African electricity prices

As I understand this article tlaks about a recession at the sales of houses due to the global crisis. Is a case of YED

This article talks about how a keynesian approach to an economic matter may be radically opposed to the point of view of a classicist; concretely about the japanese crisis, consequence of the earthquake and tsunami of the past month

The article (interview) exposes the posible reccession that the crisis at the araba world can carry, as everybody knows the oil is one of the main components of production, if it´s prices increase is possible LRAS will decrease or increase it´s prices.

We all know Spain is one of the worst affected economies that crisis has left, due to many circunstances which won´t be exposed here. This artcle is releated with the course as it talks about the evil: unemployment and how it is growing at Europe