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Waller Alexander

Japan thanks Taiwan for quake aid - Taipei Times - 0 views

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    Japan, as we know, was devastated by the earthquake last year. This article is just thanking the world for all the aid. This article indirectly shows that the right sort of aid to a country with a stable political sector will ultimately help the country. 
Tiffany William

Income Elasticity of Demand for Health Spending - 0 views

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    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.
Haleigh Eppler

Harnessing the Mineral Wealth of Poor Countries - 2 views

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    The article discusses the measures taken to ensure developing countries get the most out of their natural resources.
Tomoya Sekine

Sharp Hotel Price Rise Seen in some European Countries - 0 views

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    This article talks about the increase and decrease in price for overnight bookings/stays for hotels in European countries. We can see that there are several different 'firms' or 'hotels' that are both increasing or decreasing room prices to make profit/attract customers.
Merve Akpinar

Devaluing a controversial currency - 1 views

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    Fourteen African countries use a currency that hurts their economies and benefits their former colonial master, France.
Overhauser William

Food Aid to Developing Nations May Increase Armed Conflict - 0 views

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    The Wall Street Journal reports on a possible negative effect of granting food aid to developing countries.
Merve Akpinar

Profile: World Trade Organization - 0 views

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    The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation.
Mehmet Mert Suma

Whose problem now? - 2 views

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    This article is based on the scarcity of the food. The article gives data about the poverty rates of the world. The article judges that who should be responsible for the poverty.
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    we should all be responsible as the resources is limited and it's close to impossible to full fill everybody's needs and wants.
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    Seeing people death because of the starvation make me really upset. But I am afraid, it does not make many people in the world. If it made, something would change. I agree with you Tiffany, we should be all responsible about that. But the countries which exploited the country of that poor people should be more responsible and should not act nothing happened. They cannot ignore the situation.
Merve Akpinar

How London is bouncing back from the recession - 0 views

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    London has recovered from the banking crisis far more sharply than almost everyone predicted, while much of the rest of the country remains in the doldrums
Talia Greene

Sierra Leone life expectancy - 1 views

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    Sierra Leone is one of the poorest countries in the world. It has a life expectancy of 40 years, half that of many of the developed countries.
Ozge Elif Ozer

An Overlooked Way to Create Jobs - 2 views

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    In this article, we can see that united states has its own reasons to claim now to pursue such a strategy, because it has run large deficits for most of the last three decades, become the largest debtor country and accommodated other countries' desire for export-led prosperity.
Waller Alexander

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

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    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. 
Tomoya Sekine

Obama Pushes Huge Free Trade Deals to Wednesday Vote - 0 views

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    This article talks about Obama (US) submitting a free trade agreement to Panama, Columbia and Korea (South, I believe). The free trade agreement would benefit the different nations, as well as raise issues in different ways as two of the countries are developing and one is a developed country.
Waller Alexander

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

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    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
Talia Greene

Trade Barriers Could Threaten Global Economy - 2 views

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    This article is about protectionist steps that could spark a global trade war have violated that promise, with countries from Russia to the United States to China enacting measures aimed at limiting the flow of imported goods.
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    This article talks about how protectionist policies in one country can spark retaliatory policies in another, leading to a global trade war and inhibiting free trade.
Overhauser William

Ivory Coast GDP growth to hit 8 pct in 2012 - IMF | News by Country | Reuters - 0 views

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    ABIDJAN, March 14 (Reuters) - Ivory Coast's economy will grow 8 percent in 2012 after contracting 5.1 percent in 2011, on stronger-than-expected post-conflict recovery, the International Monetary Fund said on Wednesday after meeting with Ivorian authorities.
Talia Greene

Asean head wary of currency union - 0 views

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    The head of Asean discusses his aversion to creating a currency union amongst the Asean countries.
Cleo Veen

A Way to Finance Europe's Rescue - 1 views

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    The battle for the euro zone's survival hinges on finding a way to unlock the 's firepower. Even if countries like Italy and Spain enact necessary reforms, they may not be able to borrow at reasonable rates.
Talia Greene

Three big questions for the eurozone - 0 views

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    This article mentions the effect of different terms of trade between various countries on the outcome of the eurozone.
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