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Contents contributed and discussions participated by Sondos 2

Sondos 2

Economic growth is not enough - 0 views

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    The HDI is a measure of development that captures achievements in health and education alongside economic growth. Egypt and Tunisia did well enough on the growth front, but where they really shone was on these broader indicators.
Sondos 2

Asian Currencies Fall as China Rate-Rise Hurts Export Outlook - 0 views

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    Asian economic growth and expansion, more notably in Indonesia and India trigger a rise in the countries' respective currencies.
Sondos 2

Poverty worsens as country grows - 0 views

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    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."
Sondos 2

Floods, cyclone to hit Australia economic growth figures: Treasurer - 0 views

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    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.
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.
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

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

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

Public goods transport to get yellow plates - 0 views

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    In Jakarta, Indonesia, the Transportation Ministry plans to give yellow license plates to vehicles transporting public goods so they can receive subsidized fuel with hopes of making up for the positive externalities of consumption conferred by these public goods.
Sondos 2

What Should The Government Pay For? Autopsies And Lighthouses! - 0 views

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    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?
Sondos 2

Land of Hope - How Climate Change Could Be a Boon for Africa - 0 views

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    Excel Energy Inc. in Denver Colorado decides to transfer switch one of its coal-fired power plant units to run on natural gas as part of its plan to cut emissions. By this, they attempt to decrease the negative externalities, or, on other words, the colossal amounts of pollution and green house gases emitted by coal-fired power plants. The question is; will this switch be effective in reducing the pollution negative externality?
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.
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