This article is about a statewide initiative to identify and stimulate economic growth in Missouri, US. This initiative was put into place by governor Jay Nixon and looks promising. It will include all types of businesses to ensure that all aspects of the markets in Missouri are strong.
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.
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).
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,
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 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.
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.
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.
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.
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?
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.
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 cigarettes and plastic bags being a public good and their consequences. There are issues in different countries with these goods and the author talks about what people do against that.
