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Jan d

Record U.K. Oil & Gas Spend - 2 views

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    This article is essentially connected to aggregate demand (investments), but the following part can be perfectly analyzed with the this week's topic, aggregate supply: "The investment will also help U.K. energy security by reducing hydrocarbon imports at a time of higher international oil and gas prices. "Too often we've been seen as part of the problem, rather than part of the solution because production output had fallen. But we're stopping the decline and increasing output and that will have a more positive impact on the U.K. economy," Mr. Tholen told The Wall Street Journal. The higher investment in new projects and redevelopment of older fields will help bring another 500,000 barrels of oil equivalent a day onstream by 2017, taking output up to around 2 million barrels of oil and gas a day by 2017 or earlier. The higher investment in new projects and redevelopment of older fields will help bring another 500,000 barrels of oil equivalent a day onstream by 2017, taking output up to around 2 million barrels of oil and gas a day by 2017 or earlier." High international oil and gas prices mean higher average costs of production - change in the costs of raw materials, because oil and gas are widely used in most production processes. This is the reason for the shift of the SRAS inwards. However, higher price level means that the oil production and oil-transforming industries will increase their output. This is also great for the sake of price of imports, which are relatively too high, allowing domestic industries to decrease their average costs of production, meaning that SRAS will increase. So we should consider effects of both aspects and add them up in order to get a real picture (overall effect of current oil and gas prices). Investments are shifting the LRAS curve to the right, because there are likely to be improvements in the quality of the factors of production (technological advancements, discovery of new resources and re-establishing the past (oil) fields,
Stephen b

AIIS says that protection from imports is not the solution for US - 0 views

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    The article discusses how, in the past, the US government's response to foreign imports competing with the domestic steel industry has been to create trade barriers. However, as David Phelps, president of American Institute for International Steel, explains in the article, this practice takes away from the competition that should exist within a market, such as when two domestic steel industries are competing. On the other hand, what differentiates domestic competition and international competition is that US will lose output if it can't support its domestic industries.
Nikolai n

Inflation of 89.7 sextillion per cent! - 2 views

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    This article talks about ZImbabwe, and the hyperinflation they are experiencing at the moment. The inflation has gone so far that the government currently is owner of an amount of Zimbabwe's currency equal to 217 dollars. The economy in Zimbabwe hit rock bottom around a decade ago, after longtime President Robert Mugabe seized white-owned farms, which prompted international sanctions, damaged investor confidence, damaged tourism, and caused other economic problems.
Sebastian a

China's bank warns on inflation - 1 views

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    the article talks about the warning Chinese bank is giving to the country on inflation. China is on "high alert" because of a reported jump in inflation of a 3.2%. China must really pay attention to inflation this time because as Mr. Zhou said in the past some economists thought that a high inflation was no big deal and they could control it after the economic growth but international experience show that it might not be correct.
Stephen b

Hills Industries makes $73.6m H1 net loss, will update on March 27 - 0 views

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    The part which I believe is most important about this article is its demonstration of a business strategizing around macroeconomic change and not just microeconomic change. We mostly only think of this stuff on the small scale, pretending like we live in a global community in which a company can survive purely by being better than its competitors and not by having a stronger sub economy. The fact is, even in our growingly international market, that just isn't the case. Countries are like microeconomic ecosystems inside of one big habitat. Just because one has food in it and the other doesn't won't mean that the inhabitants of second ecosystem can just move to the first.
Valentin a

Russia-led bloc set to expand borders - 0 views

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    As measured by gross domestic product, the Customs Union in its three-member format of Russia, Belarus and Kazakhstan still appears tiny beside the European Union. The output of the Customs Union states was $US2.3 trillion last year, compared with $US16.6 trillion for the EU, according to the International Monetary Fund. Ukraine's economic output of $US176 billion last year would only modestly bolster the Russian bloc.
Stephen b

Japan Trade Deficit Widens as Imports Surge - 0 views

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    Japan's trade deficit nearly doubled in October, as growth in imports outpaced robust increases in exports to the U.S. and China, the Finance Ministry reported Wednesday. A weakening in the Japanese yen over the past year has helped exports, but it has also increased the cost in yen terms... This is the importance of looking at **how** payments balance. Though Japan has seen some significant increases in exports, most notably in the vehicle and chemical industries, too much money is still leaving Japan. Part of this may be due to the fact that many Japanese firms depend on foreign manufacturing. The government has plans to revitalize a large manufacturing sector of Japan, but the question now is how quickly and how much will it help?
Annabelle b

China Bans Items for Export to North Korea, Fearing Their Use in Weapons - 0 views

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    This article talks about how China released a list of banned items to be exported to North Korea because the Chinese government is worried about how the North Koreans will utilize the items they receive from China. "The list of banned items was released amid a flurry of reports suggesting that North Korea is accelerating its two nuclear weapons programs."
Sebastian a

Russia sends new warning to Ukraine over EU deals. - 0 views

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    This article talks about the new warning Russia has sent to Ukraine saying that moscow could implement protectionist barriers if its former soviet ally joins a free trade pact with the EU. Russia has sent the warning because they are allegedly worried it will be "flooded" with European goods if Ukraine joins the pact.
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    It states that "it will be a plus, as long as it doesn't make us (Russia) weaker". This is because of the bond they have from the former Soviet union. Since they have conjoined boarders and a lot of trade between the nations they fear that this (increasing european trade) might influence this trade.
Sebastian a

norway's gender quota makes boards more proffesional. - 0 views

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    Norway has imposed a new set of laws which require at least 40% of Plc. board members to be women in order for the firm to be for professionally and globally focused.
Daniel k

protectionism in EU trade policy - 0 views

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    The article talks about a policy of the EU relating to the topic.
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    I totally agree with you, Olaf
Roman p

Why do countries keep foreign exchange reserves? - 0 views

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    The article talks about the reasons why countries keep foreign currencies. The main reason why the keep the reserves are to meet the international payment obligations in the long term and in the short term. Furthermore countries keep foreign currencies in order to pay imports or for commercial debts.
Roman p

U.S. Accuses Germany of Causing Instability - 1 views

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    In the article the US government accuses Germany of causing economical instability. The US government thinks that Germany relies too much on their exports and does not focus on domestic economy. Furthermore the german government keeps the value of the euro low in order to insure high exports.
Cameron l

World Trade Organisation hammers out first global commercial deal - 0 views

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    This article is about how the WTO has hammered out it's first global commercial deal. It is about the conference that the deal was made in and contains a few notes about what is in the deal
Cameron l

Tackling trade barriers in Indonesia - 0 views

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    This article is about the trade barriers that Indonesia has and what needs to be done. It talks about the struggle that Indonesian and international businesses have due to these trade barriers.
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