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Stephen b

GE invests $1bn in innovation, healthcare and energy partnership initiatives supporting... - 0 views

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    Well, the Saudis are going green, and GE's heading the project. Not only does this show the greater demand across the world for cleaner energy and better health coverage, but this is also a big PR move for GE. There's a lot of politics that go into selling your product, constantly trying to make as many people as possible feel like you're on their side, like you agree with them. Whether it's for the sake of increasing profits or if GE really does care we may never know, but a decision like this helps brand loyalty and will bring in more customers than it loses.
Jan d

Turkey to Provide Egypt $2 Billion in Aid - 0 views

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    Basically, article is about Egypt's endeavor to find foreign investors for financing infrastructure projects and increasing its dwindling foreign currency reserves. Two of the most important terms derived from the week 2 are scarcity and opportunity cost. Turkish investments of $20 bn dollars and 500 mio euros from the EU (depending on Egypt securying the loan from IMF) in Egyptian infrastructure and foreign currency reserves deficit have an opportunity cost of spending that amount of money for other purposes. In this article, Egypt's foreign currency reserves and budget are scarce, so Egypt wants to get money to reduce unemployment rate via economic growth (4.5 %). Here we also have the factor of production - this is capital which comes from investments in physical capital (infrastructure) and in my opinion also human capital (reducing unemployment, improving education and healthcare perhaps ...). One thing that will be crucial for Egypt is the factor of entrepreneurship.
Jan d

Swiss economic growth outpaces expectations - 0 views

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    This article is just one out of many which focus not on economic development but on economic growth. I have to admit that I am occasionally annoyed by the fact that most emphasis is always put on the pure increase in the real GDP or share of an industry relative to the country's economic performance. I think we should much more often apply a more expansive review of the economic growth, which is economic development. The latter tells you a lot more about the health, education, and income factors and can serve a very useful purpose in the context of what I call "holistic growth" that comprises different elements, not just purely economic performance as such. While I am happy to hear that Switzerland is doing great and its largely highly skilled workforce based economy is in the expanding phase, I am much more eager to hear how people have more disposable income, better healthcare system,... which is fortunately the case for Switzerland, however, also the perpetual growth in Switzerland has been faced with an increasing fear of possible rising unemployment rates.
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