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 Too much protectionism is not good as well as no protectionism, it will ruin the free trade in the world. 

This article looks at the European Commission, an organization that has warned of a slide towards "blatant and uncontrolled protectionism" across the globe as emerging markets from several countries are starting to defend themselves, warning that abuses by countries like Russia, Brazil, Indonesia, China and other key states could pose a growing threat to global recovery. The EU trading body has said "154 new tariffs and restrictive measures have been pushed through over the past year while "virtually none" has been abolished"

The European Union and America are to open negotiations with the aim of creating the world's biggest free trade area worth €86bn (£75bn) within two years.

The article talks about the trade deficit in Europe. Prime minister Cameron wants to increase GDP by 0.5%. This would make a major difference to Europe's economy and could become a "game-changer". Cameron wants to accomplish this goal by breaking down trade barriers.

The European Union and America are to open negotiations with the aim of creating the world's biggest free trade area worth €86bn (£75bn) within two years. Breaking down the remaining trade barriers and securing a comprehensive deal will require hard work and bold decisions on both sides. EU and US economies account for nearly half of the world's economic output and a third of global trade, meaning that a transatlantic free-trade bloc would hold great sway over emerging economic superpowers China, Brazil and India.

Europe cut the channels that were made in Iran, therefore all of the people that were connected to the Eutelsat Communications won't be able to view channels made by the IRIB. The consequence of this will be an excess in demand, since all of the Iranian people that lived in Europe will demand channels broadcasted in Iran but there is not going to be supply for it. In addition to this, there is going to be less demand for the European satellite since the Iranians will search for other company that broadcast Iranian channels.

This article discusses the hard empirical evidence, arguing that, in fact, Japan is behaving rather responsibly and that other strong economies have themselves benefited from undervalued currencies. That said, it is true that politicians' short time horizons often lead to stealthy policy and large swings in exchange rates. Economists should therefore aim to promote longer-run cosmopolitan interests rather than shorter-run nationalistic agendas where possible.

This article discusses how there is a new law in Belarus that restricts the citizens of public use of foreign websites. "That would make it illegal for firms like Amazon or eBay to sell goods to customers in Belarus." This shows how the citizens in Belarus don't get the same opportunities to purchase things online as everyone else does around the world. The government is restricting public access of purchasing goods for the citizens of Belarus. Breaking the law has consequences "Fines for breaking the law range as high as 1m Belarus rubles ($120)."

This article addresses the point of how politicians play a very important role in the model of circular flow of income model. They represent government sector in it and banning the use of lights under certain conditions conferred by the decree of French government is a way how to shrink leakages which belong to government spending and to move national economy more towards equilibrium where leakages equal to injections.

This article is a perfect example of economics and corruption. Corruption if when money within governmental lines is distributed "off the chart", something citizens don't like since it could have ben used for their benefit. In this case, the money came from donations from companies and individuals. If we apply this to the flow chart of a macroeconomy, there is negatives from both households and fabrics, but no input. Though, the input gets there by the government employees spending more. So there is a hidden extra flow that should not be there.

This article talks about Britain and its problematic exports with subsequent trade deficit problems. Interestingly enough, university courses fees are considered exports as well (money inflow). Britain is a country which is immensely integrated in the global trade flows, but they have a problem of trade deficit. "Part of the reason is the slowdown in continental Europe and America, which take 54% and 17% respectively of British exports. Another is the gradual depletion of North Sea oil and gas. A third is that Britain's strength is in services rather than in the raw materials, machine tools and handbags that emerging markets crave." This running trade deficit can amass huge problems and according to the article [http://www.telegraph.co.uk/finance/economics/10427783/Britain-to-have-worst-2014-trade-deficit-in-industrial-world-on-EU-forecasts.html] Britain will have to tackle it by using expenditure-reducing policies, expenditure-switching policies or supply-side policies.

Oil imports to the US increase which increased their trade deficit. Furthermore exports to Europe, Asia and South America. This meant that the trade deficit decreased as low as $513 billion in the first 11 months of 2011.