Group items tagged

This article explained the relationship between supply and demand. The industrial demand in Asia had been increasing for so long that the factories kept adding supply. When the demand dramatically fall, Asia suffered capacity indigestion. The excess supply was too severe  that the equilibrium may not happen for 7 years. The demand could not keep up with supply.

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

This article talks about the steps being made towards free trade between Asia and Australia.

The article talks about India it was firmly committed to the establishment of a free trade area in south Asia but emphasised that a review of several tariff and non-tariff barriers was necessary to augment formal trade in the region."We are firmly committed towards the establishment of a free trade area in south Asia. The region has a large potential common market and a large skilled low-wage workforce," Minister of State for External Affairs Digvijay Singh said here.There were several tariff and non-tariff barriers to trade in the region which should be reviewed to augment formal trade within the region.

This article is a fairly recent article that talks about international trading. Particularly, it talks about a free trade agreement that will soon be finalised between countries that could potentially represent 1/3 of global output. This free trade agreements seeks to reduce barriers in some countries allowing for easier trade and aims to increase the share of knowledge between the countries, trying to make the knowledge similar to a perfect competition scenario. However this agreement may lead to the alienation of power-house China, a heavily influential country that had not been invited to join the agreement. this could have potential backfires such as trade embargos, but for now we will have to wait and see.

The article is talking about India is projected to grow by 6 per cent in the current fiscal while growth is expected to be steady in most of the Asia Pacific economies.It, however, cautioned that a weaker global risk appetite and a poor monsoon would pull down growth to around 5 per cent in 2013-14 fiscal. In India, poor monsoon seasons would pull growth down to around 5 per cent in 2013 and would reach 6.5 per cent.India's growth forecast has been lowered to 6 per cent in 2013 and 6.7 per cent in 2014 on weaker consumption and exports.

This article showed the relation between the price and demand. The oil companies need guar gum powder for fracking to get oil, this increase the demand of guar and the guar price rised up. In our textbook, the relationship is a little bit different. Our textbook said as the price increase the demand of the product will increase, where as in this article as the demand increase the price will increase. This article showed me the mutual relation between the price and the demand.

Thousands Protest: This sub article talks about the high demand of water, these farmers are so poor and the only wealth they have is the water from these river streams which help them grow crops. With plans to build new coal power plants, these farmers are fearing the scarcity of water.

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.

The current Prime Minister of Australia, Toby Abbott, is currently negotiating with China to potentially open up free trade between the countries. Australia hopes that an agreement will be reached as he plans to travel to the country in early 2014. The goal of opening free trade would be to not only strengthen the relationship between the two countries but also to allow greater economic growth to occur.