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Sondos 2

Living Economy: Market failure and state involvement in the economy - 0 views

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    This article considers the possible measures that the Maldives should consider in order to develop its not yet fully matured economy. Today, government intervention to reduce or diminish market failure takes many forms: direct controls, government regulation, government subsidies, taxation of negative externality engendering goods, etc. However, it has been strongly suggested that for a developing country such as the Maldives, "and given that there is no one perfect model of state involvement in the economy, effective and well managed Public Enterprises need to play a vital and integral role of the national economy." Further solutions for market failure in the Maldives are also discussed.
Sondos 2

South Africa-Politics: The new growth plan and the three elephants in the room - 0 views

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    South Africa has been, for quite a while now, experiencing significant market failure caused by state-owned enterprises (SOEs) falling over their feet to emulate private sector models (at the same time suffering from maladministration, waste, subversion of corporate governance, power struggles and managers caring more for their glamorous images and fringe benefits than service to community). The pressure for SOEs to be genuine development agents hardly came to be, as efforts in this direction were never really enforced. The New Growth Plan (NGP) implicitly and explicitly acknowledges these failures and is in haste to fill the gap by seeking to drive growth in jobs via the creation of new sectors as well as lifting the energy of old, sluggish and declining sectors and industries. It's a race against time. More about this NGP is discussed in the article.
Sondos 2

India on the move... - 0 views

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    In India, new cars are being registered at a rate of nearly two million per year. The Indian auto industry has become the world's seventh largest, now having overtaken every European country except for Germany. This exponential rate of production comes at an opportunity cost however. A mixed externality takes place. The stimulation in the auto industry increases the demand, and therefore the possession of cars in the country, which will hence increase the amount of green house gases released by general motor transport, aggravating atmospheric pollution.
Sondos 2

Guest Post: To Fight Climate Change, Vote With Your Wallet - 0 views

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    WE, as consumers have a lot of power. Businesses just want to maximize profits -- and we can make it profitable for them to be more sustainable. This article discusses this statement in more detail, suggesting that amongst the methods that can be used to counter market failures of consumption and production which accelerate environmental phenomenon such as global warming, is rethinking and prioritizing the choices of consumption that we make on a daily basis. Businesses respond to consumer demand. If we demand more environmentally oriented products... wouldn't that make a difference?
Sondos 2

What does it mean to be pro-labor when labor is in decline? - 0 views

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    America has done a better job keeping GDP up than almost any other developed nation affected by the Great Recession. But it's done a far worse job keeping unemployment down. Why? America has a very weak labor union movement. An underconsumption of labor union movements here engenders market failure. This article discusses this idea in further detail.
Konstantin Z

Article: The Market Failure for Student Loans - 0 views

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    this article discusses that the unique nature of an investment in education results in a market failure for student loans.
Michael M

Decline of newspapers - 0 views

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    There has been a recent decline in newspapers, and it is speculated to be caused by market failure. This article explores that idea in depth, with reference to different arguments from different groups including the FTC (Federal Trade Commission).
Merab K

Living Economy: Market failure and state involvement in the economy - 1 views

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    This article is about market failure and government involvement. It discusses these two economic terms briefly and offers some examples.
Jaewan H

Market Failure in Auctions? - 0 views

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    it is not an official news article but this guy comes up with a case of auction and many people discusses about this
Jackson Mote

Bush Directive Increases Sway on Regulation - 1 views

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    This article is about a directive that President Bush signed regarding government intervention and market failure on a large scale.
Mitchell B

Battery Plant Poisons Hundreds of Children in China - 0 views

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    A battery company built their plant to close to a community where young kids lived, not taking into account the health of these kids, and thus causing a market failure.
Noah F

It\'s not over yet: foreclosures dominate local housing market - 0 views

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    This article is interesting since it not only brings up the housing market failure in 2010 but also brings up the negative effects of all the foreclosures happening. With foreclosures comes a lot of crime, including people breaking into foreclosed homes to live in and use as shelter.
Javier C

Spain sweats amid 'water wars' - 0 views

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    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.
Manuel R

http://www.indianexpress.com/news/Coal--environment-ministries-lock-horns-over-pollutio... - 0 views

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    I think this article was interesting as it talks about one proposal of government to stop pollution
Wonwoo C

Pollution in Tehran - The smoggiest of all capitals - 1 views

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    The article talks about the state of Tehran's atmosphere which has turned into a thick brown haze of smog. The inadequacy of public transportation in the city along with government policy promoting automobile usage for its booming car industry has created an atmosphere which has led to the bastardization of its air and the consequent deaths of its citizens. The article is related with this week's topic in the sense that in case of market failure (overproduction of cars) an adequate government response is required to stabilize the situation - which was not the case for Ahmadinejad's Tehran.
Manuel R

Arsenic sinks to new depths. - 0 views

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    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.
Nabil E

E.P.A limit on gases - 0 views

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    New regulations make the new congress upset.
Nabil E

Protectionism beckons as leaders push world into Depression - 0 views

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    There is a risk of a double-dip recession because of the chronic lack of aggregate demand and the failure of the austerity packages provided by the European countries.
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    This article talks mainly about all the economical problems, especially deficits, between European countries and who is to blame for it. And what should we do? Well one statement was: "it will be only a matter of time before one or more countries resort to protectionism. That could, as in the 1930s, lead to a disastrous collapse in activity around the world," He definitely prefers free trade and thinks it is important to focus on a collaborative strategy, so countries should help each other out in these hard economic times instead of work against each other.
Sondos 2

A cure for fiscal failure? - 0 views

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    Many rich countries' debt levels are uncomfortably close to 150-year highs, despite relative peace in much of the world. There is a no easy way out. For now, low world interest rates are restraining debt-service costs, but debt levels can be reduced only very gradually over long periods, whereas real (inflation-adjusted) interest rates can rise far more quickly, even for rich countries. More examples regarding indebted countries and whether or not they should reconsider their fiscal policies to relieve their debt are further discussed in the article.
Esther F

Saving Africa's Free Trade Area From Failure - 0 views

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    This article discusses upcoming changes in Africa that will allow for free trade while meanwhile instituting trade blocs.
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