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Contents contributed and discussions participated by svikene

svikene

Gender equality is critical to economic development | Sierra Express Media - 1 views

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    This article describes how the United Nations are working with gender equality to achieve greater economic development, and economic growth in this case. The UN is drawing concrete links between women empowerment and greater economic development, illustrating how an androcentric mindset is causing an inefficient allocation of resources.
svikene

Naija247news - Nigeria ranks 152 out of 188 in the Human Development Index - Arunma Otteh - 0 views

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    This article highlights how the GDP is not the only factor in measuring the development of a nation, but how corruption and business confidence can play a role. This is seen by the decreasing oil prices, which has affected the Nigerian economy greatly.
svikene

Indonesia Trade Balance Swings to $50 Million Surplus in January - NASDAQ.com - 0 views

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    This article describes how the Indonesian economy swung from a deficit in balance of payments of $160 to a $50 surplus. The imports of the country fell significantly, resulting in a decrease in deficit of the balance of trade in goods and services, which has been a factor in the swing in balance of payments.
svikene

Banks in Azerbaijan Limit Foreign Currency Sales - 4 views

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    The article describes the situation for Azerbaijan, where its currency, manats, have depreciated against the American dollar greatly. The banks have imposed limits to consumption of foreign, in order to limit the imports.
svikene

Washing machines and anti-dumping - 2 views

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    China and South Korea have been accused of dumping washing machines to the US, however, these claims no longer hold as new models are equitably price, but are of higher qualities than the North American home appliance producers'. The article discusses to which extent China and South Korea have been dumping products or whether it is western countries excuse to protect their own markets.
svikene

Paris attacks hit French economic growth | Bangkok Post: news - 2 views

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    This article describes how the events in Paris affected the economic growth. This illustrates how more factors than taxes and employment can make a difference in level of economic activity. A decrease economic activity might cause the government to intervene by reducing the interest rate, creating incentives to increase consumption. A demand-side policy like this could help the economy get back on its course.
svikene

Eurozone unemployment rate falls in October - MarketWatch - 0 views

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    This article discusses a topic the book made fun of in this week's chapters. When describing inflation, the book makes a snarky remark about how a fraction change in percentage of unemployment is considered "news". There are a lot of uncertainties concerning unemployment, because it is difficult to measure the amount of unemployed people, due to different definitions of unemployment and because of hidden unemployment, yet these news agencies give values with such high accuracy. The article does describe how unemployment has decreased in various parts of Europe, which can be linked with higher living standards for some.
svikene

The financial sector jobs boom is spreading across the UK | City A.M. - 0 views

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    This article illustrates two economic terms, the business cycle and consumer confidence. The UK economy is currently going through a boom phase, suggesting inflation is rising. This may seem good now, but higher inflation causes less competitiveness for exports, which will lead to a recession phase. It's the business cycle. The article also describes how job opportunities went up, which is likely to cause consumers to consume more, because they are expected to get a raise or promotion soon. This adds to the boom even further. Knowledge of this makes it easier to make economic decisions and explaining why events take place like they do.
svikene

Canadian railroad merger efforts separated by a year of change - FT.com - 0 views

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    The article describes how the decrease in demand affects the macroeconomics, due to suppliers of coal and petroleum using the railroad to transport their goods. The decline in railroads has caused greater competition, raising the cost of production for these goods, as using the railroad service will be more expensive at times.
svikene

Global GDP Worse Than Official Forecasts Show, Maersk Says - Bloomberg Business - 1 views

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    Christian Wienberg illustrates how expansions and contractions have an effect on the global economy. Recently there has been a contraction, illustrated by the decrease in consumption, thus production and trade. The business cycle would suggest a recovery soon, because of lowered inflation or even deflation.
svikene

New study highlights environmental, economic shortcomings of federal biofuel laws: Econ... - 1 views

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    Market failure in the fuel market led to government intervention, in order to decrease the consumption of fossil fuels. The marginal social benefit would hopefully be reached by this, but the government intervention did not go as planned. Supporting certain biofuel producers caused a decrease in production of other biofuels, resulting in little change in the fuel market after all.
svikene

Would a Chicago Soda Tax Raise Revenues and Reduce Consumption? | Chicago magazine | Po... - 7 views

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    Raise in market price of soda in Chicago is discussed. Will it result in an increase in revenue and reduction in consumption? The PED suggests so. A similar policy was introduced in Mexico, and the soda there had a PED of 0,6, making it inelastic. Will the same happen in Chicago? Demand, elasticity and the PED are discussed in this article.
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