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This article talks about how Taiwan's standard of living has passed Japan's. Although Japan's GDP per capita itself is still far larger than that of Taiwan, when taking into consideration of the price of the two markets, the real relative income for Taiwan is larger than that of Japan. The role that price plays here is that it serves as a clarifier of the numbers which may mislead the people into believing that the standard of living for Japanese people is twice as good as the Taiwanese's.

Poverty has risen in Nigeria, with almost 100 million people living on less than a $1 (£0.63) a day, despite economic growth, statistics have shown.

This article considers what governments should 'spend their money on'. Apparently, economists seem to have the answer to that question: lighthouses and autopsies; public goods that "we all need, that will make our lives better, but that the market will not and cannot provide". Other public goods that the society would benefit from when financially supported by the government are also mentioned in the article, examples of those are: court systems, the military, etc. The debate does not stop here however for another question arises: How MUCH should the government invest in each of the public goods that need to be provided?

Economic growth (increase in the country's level of output, and therefore GDP) in the Philippians condemns a million more Filipinos to poverty from 2006 to 2009. This very example is valid proof that economic growth and development are two entirely different notions. It is shown, in this article how economic growth in the Philippians meant abatement of living standards and a national spread of poverty. Quite the opposite of what can be defined as economic development... " 'Some 185,000 families, or 970,000 Filipinos, became poor', the NCSB said" "The needy totalled 3.86 million families or 23.14 million individuals."

President Obama, a seemingly great fan of Keynesian economics has developed a program of government expansion and nationalization of various aspects of the lives of the American people (such as the government takeover of health care, intervention in banks, and the nationalization of various automobile companies such as General Motors), the federal government is now embarking upon a program of government-directed wireless internet (Wi-Fi) delivery.

Lower income earners will see a small increase in their pay packets from July 1 when the government rushes forward $1.37 billion in tax breaks.The tax cut was to be delivered when people filed their returns at the end of the financial year, but the government is changing the timing in a gesture to cost-of-living pressures and to encourage people into work and to work more.

The article discusses about unefficiency of fiscal policy and claims that many countires nowadays do not really run fiscal policy

"Consumer spending makes up more than 70 percent of the economy, and it usually drives growth during economic recoveries." This article discusses how the truth is that consumer spending does not account for 70 percent of economic activity and is not the mainstay of the U. S. economy. Investment is! Business spending on capital goods, new technology, entrepreneurship, and productivity are more significant than consumer spending in sustaining the economy and a higher standard of living. In the business cycle, production and investment lead the economy into and out a recession; retail demand is the most stable component of economic activity.

Many people, especially people who can afford oil at the moment, complain of it being too expensive at $40 a barrel. However, economists say this is nothing compared to oil's future price. Some even say it is too cheap since its demand has increased dramatically while it can only be provided in a certain amount. By raising its price, it could lower the demand. At the Association for the Study of Peak Oil 's conference in Berlin, it was discussed about the consequences of oil's rising prices.

I agree with you. It is true many people do not value what they have. Most of the resources are consumed at the rich countries, and we still want more. Instead you´ll never hear a man who just have enough to feed his family complaining because rice is 6 cents more expensive, if he still can afford it.... sometimes we do not see it, but we are really ungrteful.

i agree with you as well Constance but when the price for oil will increase it will also cause a chain reaction that would increase prices on products as well. do you get my point ? ? if a person needs oil he wont be able to live without it lets take an example i am a villager who has a big valley where i gather potatoes like 20 tons. i need to transport them so when transportation price will increase i will have to increase price on potato . so you see what i mean it a little bit miscellaneous point

The undervalued and overvalued currencies are having a war against each other - each struggling to either lower or maintain their value. Since the worth of the currency strongly affects exports, this phenomenon is quite crucial to our lives. The article presents the issue through the prices of Big Macs.

This is an article examining how other products are dependent on oil, and therefore argues whether or not we are irreversibly dependent on oil. That is, it is examining a cross elasticity between oil and many other products by way of a strong bond between the two.

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.

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.

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

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.

The tragic landslides in Brazil highlight the importance of public goods. Although, it certainly was a natural disaster the government has been criticised for not alerting people to the dangers. It was well known that this mountain in this area has a lot of rocky ground, which is impervious to water. Furthermore, rapid population growth causing the building of new housing did not improve the situation. The government failed to provide basic public goods, such as monitored flood control, efficient public drainage. "The Science and Technology Minister, Aloizio Mercadante, said five million people lived in some 800 areas considered at risk of mudslides and floods. He said it would take at least four years for a nationwide alert system to be in place."

More than 13,000 people have lost or abandoned their homes because of the disaster, government has already responded to this disaster by sending extra troops, ambulances , helicopters, first aid, food, water etc. this expenditure will be covered by tax payers money, if disaster was bigger i think government wouldn't have been able to help their people, the vivid example was the earthquake in Haiti,

Kemp, a former quarterback for the Buffalo Bills, represented western New York for nine terms in Congress, leaving the House for an unsuccessful presidential bid in 1988. Eight years later, after serving a term as President George H.W. Bush's housing secretary, he made it onto the GOP's national ticket as Bob Dole's running mate. With that loss, the Republican no longer ran for office, but he stayed in politics. In speaking engagements and a syndicated column, he continued to advocate for the tax reform and supply-side policies -- the idea that the more taxes are cut, the more the economy will grow -- that he pioneered. He also formed a Washington strategic consulting firm, Kemp Partners, after leaving office.