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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.

This article talks about the HDI rank for different regions of the world and compares them to the previous year. what was most concerning was that the US fell by 13 places however many developing country did see some rises.

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."

Abu Dhabi's two biggest developers have agreed to become one, controlling US$13 billion (Dh47.7bn) in property assets that include some of the capital's leading landmarks. The merger of Aldar Properties and Sorouh Real Estate creates the country's second biggest developer. Abu Dhabi's new property giant could breathe life into stalled projects.

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.

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.

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 eradicating extreme poverty, one of the Millennium Development Goals. Unfortunately, 1.2billion people in the world live in extreme poverty, which is unacceptable. McConnell attributes most of this unfortunate predicament to unstable and fragile political governments, where members of society are continually sieged in turmoil. Although one of the Millennium Goals have been achieved early, elimination of extreme hunger, poverty is still a perpetual and prevalent issue that the USAID plans to rigorously tackle.

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

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,

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 article talks about the oil price, how experts sets the oil price that there won't be a shortage problem in future. People they would prefer low prices but consumers firstly think of the benefit that they get from this business and also about the development of oil producing, for that they need more money that causes growth of prices. That's why they are trying to find an equilibrium price of oil, which will comply everyone's requirements.

This article discusses the upcoming general election in Ghana and one specific policy at stake: the government funding of education. Much debate has occurred over this idea, and one policy, Senior High School (SHS), aims to immediately begin funding of Senior High School education, while another will hold off government funding until the year 2032. The writer of this article expresses his belief that public education is a public good and therefore the government has the responsibility to provide it free of charge. The sooner public education is provided to children, the sooner the society will develop and become more equal as a result.

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.

In the old days there wasnt really monopolies they were mostly quasi-monopolies. The government owned enterprisis and there were not really private sectors and only customers were the one that was suffering but since the old days are gone most of things changed. They believe that monopolies are preffered by consumers and companies instead of competition. The developing technology is a great factor in a way of helping firms to advertise their product to convince people or take people's attention to buy the product. The advertisements and the high prices of products convince people to buy the product because they trust the price and the trusworthiness of the firm.

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.

This article talks about how increased grain prices will affect well-developed countries where the price elasticity of meat and corn is low.