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Adil R

Giant Free Trade Deal to Link Asia Pacific - 0 views

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    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.
Landon F

On the right free-trade track | The Australian - 0 views

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

Australia hopes for China free trade deal in a year, says Abbott - 0 views

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    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.
Mathias S

'Benefits of Free Trade Outweigh Disadvantages': Philippines Trade Minister - The Jakar... - 0 views

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    This article is interesting as it neatly highlights the benefits of free trade.
anonymous

Hitching a free ride can be good for all - 0 views

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    This article is very interesting because it broadens the definition of a public good to include social media sites like Facebook and Twitter, as well as other open-source software like Google and Wikipedia. In this case, the free-rider problem would not really be a problem at all.
Yusuf L

SA Government keen for free-trade agreement with China | News.com.au - 0 views

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    discusses free trade between south Australia and china
Christopher P

EU-Canada trade deal gateway to 'super' no-tariff zone - 0 views

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    A recent agreement between Canada and the European Union has created a free-trade condition between the two countries. The action is intended to have beneficial effects for both parties, including new jobs and additional demand for businesses in Canada. In addition, it is likely to reduce the country's dependency on the United States, with which it has traded freely since 1987. People hope that this agreement will eventually lead to a larger free-trade agreement between the United States and the European Union, but not much progress has yet been made.
Nehir D

India committed to free trade area in S Asia - 0 views

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    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.
Landon F

Taiwan to promote free economic zone, joining free trade blocs | Politics | FOCUS TAIWA... - 0 views

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    This article is interesting because it is an example of trading blocs, but it also talks about how Taiwan is doing this in hopes of creating political stability.
anonymous

The Rush to Coin Virtual Money With Real Value - 0 views

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    Money has become virtual with the introduction of virtual currencies such as bitcoin and ripple. Through sites such as bitcoin and ripple, which were the forerunners for online currencies, people can invest, transfer and convert money on the web with ease. It is simple and efficient. It is similare to an online bank. Bitcoin producer states that he made bitcoin to provide a more efficient "way to send money around the world". True to his word, it is efficient. A person interested in sending money online can open a bitcoin account. The individual would than transfer the amount of money he/she wishes to send to his account and send it to the designated individual person or place. Of course this transaction is not free, it requires bitcoins. A bitcoin is essentially 1/1000 of a penny. Amazing right. However, virtual currency is not real. If the police and government decide to crack down , the system will have to shut down. But for the most part, it seems they dont have the intention to.
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    Money has become virtual with the introduction of virtual currencies such as bitcoin and ripple. Through sites such as bitcoin and ripple, which were the forerunners for online currencies, people can invest, transfer and convert money on the web with ease. It is simple and efficient. It is similare to an online bank. Bitcoin producer states that he made bitcoin to provide a more efficient "way to send money around the world". True to his word, it is efficient. A person interested in sending money online can open a bitcoin account. The individual would than transfer the amount of money he/she wishes to send to his account and send it to the designated individual person or place. Of course this transaction is not free, it requires bitcoins. A bitcoin is essentially 1/1000 of a penny. Amazing right. However, virtual currency is not real. If the police and government decide to crack down , the system will have to shut down. But for the most part, it seems they dont have the intention to.
anonymous

Free trade agreement could mean jobs, exports boost for state - 0 views

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    According to the Bertelsmann Foundation, "a free trade agreement between the U.S. and the European Union... would mean more than 9,000 jobs and an estimated 138 percent increase in state exports to the EU." The negotiations have been stalled because of the government shutdown in the U.S.
Christopher P

Basic Education Is a 'Public Need' and 'Public Good' and Should Be Free - 0 views

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    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.
Mathias S

New universities: will the public good yield to private profit? | Andrew McGettigan | C... - 1 views

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    This article is interesting because it explores the idea of being able to make a profit from public goods.
Emma R

Education is a Public Good - 1 views

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    This article, written in Ghana, talks about the necessity of education, and how it should be considered a public good and should be provided for free by the government. The author of the article talks about how education changed her life and how it can save impoverished students. However, many of these students do not have access to education, because it is not a free public good.
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.
Adil R

Let's use price to allocate resources | Stuff.co.nz - 0 views

  • earthquake
  • prices had been allowed to do their work
  • infant formula
  • ...21 more annotations...
  • dishes
  • fixed supply of bottled water available
  • first-come, first-served
  • But is that the method most likely to ensure that the woman needing clean water for mixing baby formula would get some while folks like me, who only needed it for doing dishes, didn't? That seems pretty unlikely.
  • it went
  • best able to queue.
  • folks living close to grocery stores who didn't have pressing property damage to deal with.
  • raises prices, then scarce builders are allocated on a first-come, first- served basis.
  • dollar to perhaps even $10
  • pressing needs for wate
  • folks with less pressing needs would have left water on the shelves for those whose needs were more pressing.
  • concern for his wallet.
  • prices induce allocative efficiency: goods go to the person valuing them most highly.
  • reconstruction
  • pressing construction needs
  • minor property damage
  • price hike
  • prices rise, then folks like me with minor cracking on a few interior walls will wait until prices come down again to have things fixed.
  • argued that some grand supremo might be needed to ration out scarce tradesmen, ensuring that resources go to the most critical areas first. But how can any such supremo decide how much I value having my wall fixed as compared to how much my neighbour values having her chimney fixed, let alone weighing up priorities across different damaged factories and retail outlets?
  • John Jackson
  • for those who worry about bad effects for the poor, is it worse that a poor mother has to find $10 for bottled water for formula, or that the price stays at a dollar and she gets none unless she managed to queue up early enough? In this economist's view, it's rather a shame that everyone heaps plaudits on the dairy owner who gave away his stock for free and ran out of everything by 8am. I'll instead save my praise for the price-gouger who ensured there was something left on the shelf for those who didn't come first.
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    This article talks about an earthquake and the lack of water available.This article essentially talks about how the demand for water was high but the price remained therefore people with more use for the water werent able to get the resource; it; some needed it for baby formula whilst others for cleaning dishes. The writer argues that if the price of the water was raised, as it was scarce, then people with higher priorities wouldn't mind spending the extra money. Economist Eric Cramption then dismisses an argument against price allocating resources; the poor would get poorer. . 
Jacques DP

JACKSON, Miss.: Demand for mobile apps is booming | State | The Sun Herald - 0 views

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    This article is about the demand for mobile apps. Mobile apps are commonly inexpensive or free and very useful. Matt Greenwell is an app developer and when he started working there were he had 50 colleagues and nowadays there are 300. He says this change occurred in the last year and a half. Apps are cheap and the demand for them when they cost $0 is high, some of them can even be bought for $0. This is what made the market for Apps grow at an exponential rate.
anonymous

China to Push Rate Liberalization, Capital Account Opening in Shanghai Zone - 0 views

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    this article explores how china's central bank pledged to push forward with market-driven reforms on interest rates and capital account opening in a pilot free-trade zone set up in Shanghai.
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    China's central bank has resolved to push market driven reforms on interest rates and capital accounts. Residents will be allowed to do cross-border investments.
anonymous

in my backyard - 0 views

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    I thought that this article was interesting as it showed how geopolitical conflicts can arise from simple wanting to trade freely. The Ukraine feels that it is in their will to be abel to trade with the EU however Russia would luck out on simple regional trading and in seeing this Russia has made it very difficult for Ukraine to trade with Russia.
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