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The article is a really interesting article that explains an interesting fact about how the employment level change in developing and developed nations. It is interesting that in developed nations the unemployment level is more than developing nations. It should be the opposite because developed nations are developed in every way but developing countries are not fully developed yet they still have a lot of improvements they have to achieve as a country politically and especially economically. The average unemployment rate in OECD countries was 6.7%. During the nineties, the average unemployment rate was 7.7% in UK, 9.3% in Canada, 11.7% in Finland and 11.3% in Ireland.The countries such as UK, Finland and Ireland has lower employment rates when you compare with India which was 6-7%. But if developing countries have close to full employment why do they have greater economic misery and lower GDPs you may ask? The answer to this puzzle of full employment, yet low GDP and greater economic misery, is not quite straightforward. In developing countries is that most of them have few programmes to provide relief to the unemployed. the people in developing countries do not have the luxury to remain unemployed.They take whatever jobs they get. Most European countries are welfare states with generous unemployment insurance programmes. During recession, many people in European countries do not find it worthwhile to work at minimum wage. They accept jobs that pay less or they accept jobs in the informal market, with lower or no benefits and little protection.

Ekurhuleni, a city in South Africa, is currently carrying out an agenda to fuel economic development in the city. The primary aim is to encourage investment in certain city-owned facilities, mainly a new airport, to combat unemployment, poverty, and inequality. The city is already in position to achieve economic growth, as it has several advantages including convenient location and highway access. This, combined with the ideas of the mayor Mondli Gungubele, are very good signs that Ekurhuleni will be able to gain investors and develop over time.

The Lompoc City Council and Planning Commission has had a "discussion about adding an economic development element to the city's 2030 General Plan."

This article talks about how the mobile market is driving economic growth in not only the U.S, but also in Asia markets. 

Very interesting article on one how a goal of economic development hinders economic growth

For most businesses, rather than the other four factors of economic development, human capital is the greatest asset.

The article is talking about the federal government which has shut down today because of an impasse over the budge and in two weeks, the nation is set to hit its borrowing limit.The major problem in the articles is that there is an oversupply of global labor, an oversupply of global productive capacity and an oversupply of global capital. The jobs created low wages and part time. Growth in domestic manufacturing is still slow which will prevent the development of a country in their own production and prevent the large amount of profit they will get as a result of the domestic production.Business spending has fallen, rents of the houses falling where home prices have increased. The reason why its hard to get out from the rut is because they are no longer faced with a world in which supply-side economic remedies, easy money, reduced taxation, fiscal belt-tightening and deregulation can spur new capacity and the creation of well-paying private sector jobs.Countries that were recently poor find themselves with huge surpluses and sovereign wealth funds. The rich countries of the world, while still rich, struggle with monumental levels of debt, both private and public, and unsettling questions about whether they can compete globally.Also to clear this mess,developed nations need to put the huge surplus of underemployed workers back to work by any means, including big public sector investments to improve infrastructure and competitiveness.Moreover, a new economic multilateral ism with the developing world, to encourage them to re balance their economics away from savings and toward consumption, while we in the West must curb our addiction to credit and consumption is necessary.

The governor of the bank of Thailand, Prasarn Trairatvorakul, has stated in a speech that the bank will pursue supply-side policies in order to fuel additional economic growth. Trairatvorakul believed that the country must dedicate more resources towards upgrading the "engine" of the economy. Somkiat Tangkitvanich, the president of the Thailand Development Research Institute, believes the country must spend more on research in development in order to fuel economic growth,

Nairobi, Kenya - A new partnership among Kenya Commercial Bank (KCB), the U.S. Agency for International Development (USAID) and General Electric Company (GE) will make $10 million in local financing available to small and medium enterprises in Kenya to develop private health facilities such as small clinics, diagnostic centers and hospitals."This first-of-its-kind transaction was designed in response to the lack of local credit for health facilities in Kenya to purchase much-needed medical and diagnostic imaging equipment. The risk-sharing agreement with USAID will allow KCB to take additional lending risks for clients in the health sector seeking to purchase GE equipment," USAID said in a January 28 press release.

The article is talking about the national income rises according to the development and improvement of the country from back then until now. The boost of national income in India was 8.2 per cent GDP between 2003-2008. The prime minister of economic advisory council lowered the economic growth.However, the GDP per capita was higher than the national income in India which is better because it showed the amount of money that individuals have and how they improved.

This article is interesting because it shows economics and how it must adapt as well in order to better handle things that arise with the new century. It illustrates how economics as a study is not static

The article is talking about the programmers around the world have been churning out new digital currencies that try to improve on the concept of bitcoin, the hot but controversial virtual money that has swept the InternetAs questions still swirl around bitcoin's legality, many technology entrepreneurs are trying to sidestep the currency's pitfalls by devising new ways to make payments in a cashless futureThe online payment system viewed by many insiders as having the best chance of supplanting bitcoin, however, is not even on the list: Ripple. Founded in San Francisco by former bitcoin developers, Ripple holds out the promise not just of a new currency, but also of a novel method to send money around the world. With that potential, it is winning something that has proved elusive for virtual currencies: involvement from more mainstream players in the financial system.

The article is talking about India's exports which are expected to grow by 7.2 per cent in 2014 fiscal on the back of improvement in growth of developed markets, says a report by Morgan Stanley Research. "We expect export growth of 7.2 per cent in fiscal year 2014 versus minus one per cent in fiscal 2013," it said in a report on Asia Pacific Economics.Morgan Stanley Research expects a gradual sequential recovery in India's exports on the back of improvement in developed markets growth from the third.

This website is very interesting on not just a world scale, because most people have already heard of the food problems in the world, but as well on a local scale. Meaning the article talks about how the average human is contributing to this growing problem.

This article does a really good job at capturing the chain effect of changes in the world. An example is how they talk about how water shortage affects food shortages. People tend to overlook how much one disaster can cause many others.

I agree full heartedly with what Landon has said, as well as what you have said Miro, in regards to the chain affect of changes as well as the fact that understanding problems on a local scale is important. I know that we in Indiana have really been hit hard by drought this year, and we have seen first-hand how the lack of rainfall hurts everyone. The chain reaction of sorts begins with the farmers, who had a horrible growing season in Indy this year, and thus they passed on the cost to the consumer. We are having to pay noticeably more for all grown products this year, and it really is a testament to the harsh reality that is the chain affect that Landon mentioned, as well as a wake up call to all of us here that economic problems exist everywhere, and just because we live in a well developed place doesn't mean we are safe from them.

This article discusses how debt affects HDI