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Paul J

US Q4 economic growth figures revised upwards - 0 views

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    This article ties in very well with the theme of economic growth because it discusses a variety of the components that determine economic growth, for example job numbers and GDP. It is also worth noting how economists arrive at their ultimate assessment of the nation's economic health, because it truly is quite complex. Also, the stocks and shares portion of the article on the right hand side are also quite telling.
anonymous

The Mirage Behind Brazil's Economic Miracle - 0 views

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    I felt that this was a good article, although rather lengthy, that has a discussion about the brazil's economic growth, is it real or just a "mirage" as they put it. Brazil has seen rather staggering economic growth in the last few years, however it is also being said that the country's leaders are not looking out of the citizens of brazil, and are in fact putting them at risk of economic downfall.
Landon F

Driving growth and economic development with mobile - Campaign Asia - 0 views

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

UPDATE 3-Chile economic growth cools, slowest in year-and-a-half | Reuters - 0 views

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    This article is interesting due to the fact that it not only states the economic growth of Chile, but it lists the reasons for the changes. It mentions demand and its role as well which is interesting
Adil R

Obama Needs to Learn "Opportunity Cost" - 1 views

    • Adil R
       
      This article asses Obama's stimulus plan. It talks off how congress passed the ARRA stimulus package which injected $787billion into the government sector. Obama stated that this package wouldnt allow the unemployment rate to pass 8% however it reached 10%. Obama said that the depth of the recession couldnt be foreseen however there were many people who predicted it.
  • that unemployment with his bailout would likely reach 10 percent.
  • he also doesn’t understand basic economic concepts such as “opportunity cost.
  • ...38 more annotations...
  • experts promised that unemployment rates wouldn’t pass eight percent
  • creates money out of thin air via the Federal Reserve
  • as the cost paid when something is given up to get something else.
  • The federal government can’t spend money on “stimulus” projects without siphoning the money out of the economy as a whole
  • resulting inflation of the money supply dimishes the purchasing power
    • Adil R
       
      The article then goes on by stating Obama does not know the concept of opportunity cost. $787billion was taken out of the federal reserve to pay for federal programs resulting into the weakening of the current dollar value and inflation. This had an impact on everyone, nearly $7000 per household. Government jobs do not make a salary and therefore do not stimulate the economy. This can also lead to an increase in taxes whilst still barely benefiting the community. Opportunity cost kicks in here as the obama administration thought that this was the next big thing as apposed to injecting it to private sector. The article too talks about how private businesses contribute to the economy even if the company is failing as it still receives services and eventually the more efficient company will take over. Moreover they can make profits and they can better the economy by hiring or purchasing consumer goods.
  • taxpayers would likely spend or invest nearly all of that money taken from them
  • dollars with more valu
  • nvest more in their company, or pay higher dividends to investors
  • save the money and invest it in business growth
  • more consumer goods
  • $7,000 per household
  • defined
  • teachers, police officers,
  • irefighters on state
  • payrolls doesn’t stimulate the national economy
  • hurts
  • Government jobs
  • do not make a profit
  • Governments
  • hire employees and build overpriced buildings and roads
  • money is gone.
  • putting more funds into the hands of government is not efficient
  • reinvest those profits in the manufacture of new goods, jobs, and more efficient factories.
  • businesses employ people for a profit
  • replaced with more efficient businesses
  • allowed
  • to fail
  • government entities subsidize inefficient private corporations
  • allowed to fail
  • hey should
  • free market inefficient businesses
  • inefficient governments
  • never happens
  • government jobs require constant transfusions of taxes
  • static number of people employed
  • private sector is the only area of the economy that can lead to self-sustaining job growth and economic recovery
  • He should know that opportunity costs under ARRA demonstrate that the “stimulus” bill tipped the unemployment figures higher and worsened the economic recession.
Christopher P

South Africa: Economic Development Tops City's Agenda - 0 views

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    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.
anonymous

Economic development added to General Plan - 0 views

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

Innovation, Optimism and Jobs - NYTimes.com - 0 views

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

Demand- Iran's Rial Plummets Against the Dollar - NYTimes.com - 0 views

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    sorry I forgot to publish the article in correct way. The demand for Iran's currency, Rials, is decreased due to economic uncertainties. 
Paul J

Aggregate Demand Up, Jobs Down - 0 views

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    This is a great article because it discusses how aggregate demand relates to other barometers of economic health when it comes to a nation, such as the unemployment rate. 
anonymous

Restarting the Brazilian economic growth? - 0 views

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    I found this article to be very interesting, because i think it is important to stay up to date with all the current events around the world in terms of politics and the economy etc... However for the past few years i had always thought of Brazil being a very big economic growth country seeing as it was part of the "B.R.I.C." s but in this article from the LA times they say that Brazil fell short of their projections and are looking for a way to regain their original growth rate.
Nehir D

The unemployment puzzle - 0 views

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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.
anonymous

Human Capital is Greatest Asset for Businesses - 0 views

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

Improve supply side policies to sustain growth: BOT governor - 1 views

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    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,
Nehir D

The Rut We Can't Get Out Of - 0 views

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    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.
anonymous

Europe relies too much on supply side economics - 0 views

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    This article mainly considers the idea that perhaps the european union necessitates reforms to increase demand, however because of their existing economic policies relying too heavily on supply side economics its would be "counter productive" and overall worse.
anonymous

Fall in imports curbs Lebanon's balance of payments deficit - 0 views

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    Louis Hobeika, an economics and finance professor, has stated that "the slowdown in economic activities this year was translated into lower imports and therefore a lower deficit in the balance of trade, which resulted in the shrinking in the balance of payments deficit."
Nehir D

Daimler-Benz to Cut Production Costs - 1 views

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    The article is about the giant West German Daimler- Benz group which tries to decrease the cost of production to avoid the future economic breakdown the cost of technology which was the main concept for Daimler and the number of workers decreased according to the such find of economic collapse of the company.
Nehir D

Notes on Rise in National Income and Per Capital Income in India - 0 views

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    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.
Deepak B

Spotlight on Economics: Global food security in 2050 - 0 views

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    This article talks about the concern of food supply to China and the rest of the world. Lester Brown claimed that food production was not growing fast enough to feed China's increasing population, which could result in rising food prices in China and the rest of the world.
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