Skip to main content

Home/ IB Economics HL 2010-2012/ Group items tagged comparative

Rss Feed Group items tagged

Waller Alexander

Sin, politics and economics in Nevada: The trouble with sin as comparative advantage | ... - 0 views

  •  
    This article is saying how a land as barren as that of Nevada, can still make for good trade. Nevada has made itself a place where questionable events may be held. By doing this they give them self the comparative advantage in tourism. Tourism may not seem like a good but it is. Nevada, by hosting these events, give the tourist an incentive to come. Nevada has made itself more profitable than other tourist destinations by having things such as Boxing and Prostitution. In the interstate/international market for tourism, Nevada has made itself a top competitor.  In the economic terms, Nevada can produce certain services (prostitution, casinos, boxing,...etc) with less opportunity costs (prison, fines, fees,...etc) than the leading competitor. Also it is in a prime location. People from all over the states can fly or drive to Nevada to see the shows and events that would be illegal elsewhere.  This truly shows that with smart planning, any country/entity has the ability to trade successfully. 
Tiffany William

Income Elasticity of Demand for Health Spending - 0 views

  •  
    the health spending in US is very high. Even when we compared it to France's. It is also known as the country who spends more on health care than any other country in the world. As they have as well count in per capital terms.
Waller Alexander

Protectionism in Argentina: Keep out | The Economist - 3 views

  •  
    This article is about how the Argentinian government is protecting the domestic production of BlackBerrys in order to "cut foreigners' share of Argentina's mobile-phone market". Even though this seems to be a valid case of protectionism, it will "cost $23m upfront, plus $4,500-5,000 a month per worker, some 15 times more than in Asia". This is because Asian laborers and factories have already perfected the production of cell phones. They have the 'factor endowment' in the production of cell phones. This is because to start a factory in Asia, the price is already low. Also the labor is cheap and skilled. The start up price for this endeavor is already going to be $23m, they will also have to train the workers and pay them more than they would if the Argentinian companies outsourced the production to Asia. Another problem with the domestic production of cell phones in Argentina is that Argentina, at this moment, is not known for their production of cell phones. They are not a place in which companies like Motorola or Nokia look for to manufacture their products.  Argentina could do this but it will take them a long time before they clean of their capital debt. In the short run, they will not make any money but nobody knows for sure what the long run has in store for this unorthodox market. In my opinion, Argentina should focus its money on something that will be profitable not only in the long run but also in the short run. This is possible. Argentina has a factor endowment, its tourism. It does not take that much money and effort to increase the amount of tourism in a country that is obviously beautiful and worth seeing. Even if they were not to invest in tourism, they could focus on, for instance, the exporting of more beef or fish. These are things that people already are accustomed to getting from Argentina. It all bundles down to this: when you think about Japanese production, you think cars and phones. When you think about Argentinian production, you
Tomoya Sekine

New Zealand Dollar Expected To Outperform Australian Dollar In coming Months Say Barcla... - 0 views

  •  
    This article suggests some speculation of New Zealand Dollars appreciating and having a higher value compared to the Australian Dollar, which would ultimately cause a change in exchange rate.
Tomoya Sekine

Inequality Growing Here and Across Canada: BC Stats - 1 views

  •  
    This article talks about the increasing income inequality (in other words, the gini index or the gini coefficient) in Canada. The income between the rich and the poor is very large, compared to many countries in the world.
Tomoya Sekine

Russia's Foreign Investment up 66% Last Year - 1 views

  •  
    Russia's foreign direct investment has increased by 66% this year compared to last year, which would suggest an approach to a significant growth of the country and the economy.
Mehmet Mert Suma

British house prices: Dry rot - 2 views

  •  
    This is a very nice article about the fall in British house prices. The article makes comments on the whole British economy. It even compares it with the US economy.
Tomoya Sekine

Krispy Kreme Beats the Street in 3Q, Lifts View - 0 views

  •  
    This article is about a firm (Krispy Kreme) having an increase in their profit, as of compared to a loss the previous year. This also has to do with the increase in total revenue.
1 - 8 of 8
Showing 20 items per page