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Paul J

Chile Peso Lures Deutsche Bank on Trade Balance: Market Reversal - Bloomberg - 0 views

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    This article is ripe for examination as it presents the point of view of many different nations. The primary focus in the situation in Chile, put it allows us to see the perspective of a major currency trader (the AG) as well as the perspective of China, Chile's major trading partner. Moreover, we get to see the rational behind the valuation of currency, in this case related to commodities.
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    I enjoyed this article due to the fact that it was in a different light. Most of all the other articles are written in negative aspects but this one looks at the positives of how the Chilian peso is going to recover. It also shows us how important exports are to certain countries as they depend on them, in this case copper , to stabalize the economy.
Caitlyn S

Ending the Oceans' 'Tragedy of the Commons' - 0 views

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    Oceans are one of the Commons, and as any other commons, it becomes overconsumed. Fishers all around the world keep devastating populations of the fish. To prevent overfishing, pollution and other human impacts, leading international marine scientists are proposing radical changes in the governance of the world's oceans. They carried an experiment in Chilie, and based on it, scientists state that they would be able to help to reverse "the tragedy of the commons". Problems in Chilie made people be open to new arrangements, scientists and fishers began working together to improve the situation with fish. By working together for some years, scientists became able to reveal about fish stocks and and the surrounding marine ecosystem. The new laws gave exclusive ocean territories to local 'artisanal' fishers, and excluded the big industrial fishing fleets, which had their own exclusive fishing zone. Scientists and small fishers then worked together to understand and rebuild the shattered fish stocks in their zone, leading to a shared vision and voluntary agreements on how to manage them.
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    This article talks about an experiment made in Chile. The use given to our oceans are no good, the article encourages huge changes in the governance of world's ocean to save them from pollution, over-fishing and other impacts made by the humans. All of these factors affect the marine ecosystem in a drastic way, now the levels of fish are decreasing as it says in the article "There was a general recognition that Chile's fish stocks were in trouble," says Professor Carl Folke. This has led to some fisheries to collapse leading the Chilean government for being responsible to take actions.This serves as an example of what's happening in the world today and for facin this problem he suggests that "You need a shared recognition that something has to be done, you need a good understanding of the marine ecosystem and how to regenerate it, you need a strong rapport between scientists and fishers, and you need a political moment when sweeping changes can be brought in." This problem needs to be faced responsibly otherwise there will be almost no fish stocks in the future, treating our commons well is important for us humans as this affects goods that are importand for living.
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    Leading international marine scientists are proposing radical changes in the governance of the world's oceans to save them from overfishing, pollution and other human impacts. "Marine ecosystems are in decline around the world. New transformational changes in governance are urgently required to cope with overfishing, pollution, global changes, and other drivers of degradation. Fishers and scientists had been working together on the problem for some years, trialling new co-operative models for fishery management, based on that science can reveal about the state of the fish stock and the surrounding marine ecosystem." The result is a national system of marine tenure that allocates user rights and responsibilities to collectives of fishers. The research indicates the key to managing fisheries depend on creating agreements that are both voluntary and flexible enough to cope with changes in the ocean environment, leading to fisheries that are both ecologically and socially sustainable.
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    I find this article particularl interesting because due to a political change in Chile, it has now effected the common resource tradegy of the Oceans. It has reduced the over fishing in Chile, which has let the fish start to regenerate. The research has found out that the key to managing the fisheries depends on making decisions flexible enough to cope with the changes that the ocean goes through.
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    I find this article particularl interesting because due to a political change in Chile, it has now effected the common resource tradegy of the Oceans. It has reduced the over fishing in Chile, which has let the fish start to regenerate. The research has found out that the key to managing the fisheries depends on making decisions flexible enough to cope with the changes that the ocean goes through.
Mariya L

Four-way Latin America bloc strikes deal to remove all trade tariffs - 0 views

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    The leaders of the Mexico, Colombia, Peru and Chile recently announced that they are finishing up their negotiations about the removal of the trade tariffs. The tariffs will be removed from 92% of goods, with most of the remainder disappearing over the next few years. Such legislation is expected to encourage a free trade between the countries of Latin America and be an example for the rest of the world. Ministers are seeking to push free market policies to spur growth, attract more foreign investment and integrate their capital markets and energy networks. Overall, free trade between the listed above four countries will result in lower prices of goods and services, better allocation of the resources and close cooperation of the economies.
Jean Eric

Latin America's free trade bloc lifts tariffs, eyes Asian markets - 1 views

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    This is a perfect example of how a Latin American bloc that includes Colombia, Mexico, Peru and Chile on Thursday agreed to eliminate tariffs on most goods to promote free trade between the countries and increase exports to Asia. This is what the actual purpose of trade blocs are meant to achieve, an increase in the GDP of the country that will encourage better living standards and ways of life. The presidents of the four countries decided to remove tariffs on 90% of all goods and to eliminate duties on the remaing 10%. Increasing profits consequently leading to growth.
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