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Mariya L

Australia adds 71,500 jobs, the biggest jump since 2000 - 0 views

www.bbc.co.uk/...business-21781493

unemployment Australia interest rates improvement recovery

shared by Mariya L on 14 Mar 13 - No Cached
  • Mariya L on 14 Mar 13
     
    In this article author describes the main news - new additional jobs and overall improving economic state of Australia: "Full-time employment jumped by 17,800 and part-time employment was up by 53,700." The total workforce has been increased, altogether, it served as a sign of the improvement in economic conditions of the country. To keep the growth at the same level, the monetary policy has been eased up. Previous rate cuts are beginning to have a positive effect on the economy. The housing market shows some improvement. But the strength of Australian dollar is the main source of concerns: "The Australian dollar jumped by more than half a cent to $1.036, as traders became less hopeful that another interest rate cut was on the way."
Jina K

B2.2 trillion infrastructure bill 'still alive' . - 0 views

www.bangkokpost.com/...despite-parliament-dissolution

Economic Development

shared by Jina K on 14 Jan 14 - No Cached
  • Jina K on 14 Jan 14
     
    The 2.2 trillion infrastructure bill in Thailand has been passed by the House of Representatives and the Senate and is waiting to be submitted for royal endorsement as soon as the Constitutional Court rules on its legality. If passed, the mega-project will improve Thailand's transport infrastructure, which includes high-speed trains and double-track railways. This development is a part of a physical capital factor, whereby the government aims to improve the social capital that is shared among the people in Thailand. Improved in transport will improve the welfare of not only the capital part of the city, but also the rural part of the city. This will ease the transport system of goods across the country and will create employment. Moreover, it can also promotes tourism.
Jean Eric

Recovery signs: PSU banks to hire 56,500 jobs in next 6 months - 0 views

articles.economictimes.indiatimes.com/...anks-psu-banks-state-run-banks

business cycle

shared by Jean Eric on 07 Mar 13 - No Cached
  • Saskia vK on 07 Mar 13
     
    Public sector banks, from State Bank of India to Allahabad Bank, will hire as many as 56,500 people in the next six months in the highest ever recruitment drive by the industry in more than a decade as business grows and the threat of new banks looms as the Reserve Bank of India plans to issue new licences soon. The recruitments by more than a dozen banks will be 30% higher than last year's numbers as hopes of business cycle turning for the better grow, bankers said.
  • ...1 more comment...
  • Max W on 07 Mar 13
     
    This article talks about the public sector banks, from State Bank of India to Allahabad Bank and that they will hire many people over six months.
  • Jean Eric on 07 Mar 13
     
    This article talks about the Indian Private Sector Banks planning to hire more than 56500 people to work for them in the next 6 months, essentially creating 56500 jobs. It would be the highest recruitment of jobs in more than a decade and would help solve the economic crisis. It states that the recruitments by more than a dozen banks will be higher 30% higher than last years. What we can see here is the trough of the business cycle where the economy cannot get any worse, so therefore it will improve. India made the important leap of changing from the contraction area of the curve to the expansion area where Real GDP will grow !
  • Benjamin D on 08 Mar 13
     
    This is a rather intersting article as it shows us how the industry in India is growing and how this has given jobs to that incredible amount of people. I agree with your point that the economy can't get any worse, thus there will be improvements when it reaches a certain point and therefore the real GDP wil grow.
Tisha D

Pakistan Macroeconomy - 0 views

www.pakistantoday.com.pk/...mproves-in-2011-12-prsp-report

Macroeconomic activity Pakistan GDP increase

shared by Tisha D on 07 Feb 13 - No Cached
  • Tisha D on 07 Feb 13
     
    This article talks of the increase in macroeconomic activity in Pakistan, particularly in agriculture and the service sector. Recently stable weather conditions have greatly helped the agricultural sector of the country especially in rice and cotton crops. The banking sector has greatly improved too. Statistics have shown that the budget deficit has dropped down to 2.5% of the GDP in 2011-12 lesser than it was in 2012-13.
Jina K

Spain Exports Rose to Record in 2012 Even as Recession Worsened - 0 views

www.bloomberg.com/...ven-as-recession-worsened.html

aggregate demand exports trade deficit

shared by Jina K on 19 Feb 13 - No Cached
  • Jina K on 19 Feb 13
     
    The article does not talk about the whole aggregate demand, but rather focus on one component that contributes to aggregate demand. The article talks mainly about exports in Spain, contributing to its nation's economic growth. Spain's exports figures have increased despite the recession phase. The exports have broke a record of the least trade deficit since 1998. Exports increase to 222.6 billion euros in 2012 from 215.2 billion euros in 2011, which is the highest exports since 1971. Spain's trade deficit decreased 34% as imports fell 2.8%. This is due to changes in exchange rate and improvements in competitiveness. Apart from that, measures like labor law changes have improved investors' confidence.
Patrick vD

India improves ranking in Human Development Index to 126 - 0 views

articles.economictimes.indiatimes.com/...an-development-index-countries

human development index

shared by Patrick vD on 21 Jan 14 - No Cached
  • Patrick vD on 21 Jan 14
     
    This article shows how developing countries are improving their development.
Mariya L

Expo 2017: Kazakhstan Promotes "Green Bridge" Future Energy - 0 views

transatlantic-magazine.com/tes-green-bridge-future-energy

EXPO 2017 economic development Kazakhstan Astana economic growth

shared by Mariya L on 14 Jan 14 - No Cached
  • Mariya L on 14 Jan 14
     
    This article talks about an international event that will be held in Astana, Kazakhstan in 2017. Kazakhstan expects three to five millions of visitors. Such event will beneficially affect the economy of the country. It will not only result in an economic growth, but will possibly lead to a significant boost in economic development. The topic of the Expo 2017 is Future Energy. Such topic will lead to the development of the sustainable ways of using energy. Using sustainable ways in the first place for Kazakhstan would mean using approaches that will decrease the air pollution. Decrease in air pollution can be considered as an improvement of the quality of life and improvement of the welfare of country. In my opinion, Expo 2017 is a very important event for Kazakhstan as well as for the rest of the world. It will significantly impact the economy of Kazakhstan. Preparation part is one of the main stages of the Expo. It will create a lot of new jobs, due to constructions that will be held in Astana.
ZhengYe J

Windows Phone 8 pre-orders said to start October 21 - 0 views

news.cnet.com/...rders-said-to-start-october-21

demand supply opportunity cost worldwide

shared by ZhengYe J on 09 Oct 12 - No Cached
  • ZhengYe J on 09 Oct 12
     
    I think we will see the change of the market of smartphone through the windows phone is about to start to pre-order. Windows phone is one of the biggest competitors of Iphone over the world. In this case, the supply of the smartphone increases. And I believe the demand or price of iphone is going to chance because of it, after people consider about the oppotunity cost of either buying iphone or windows phone.
  • Jean Eric on 09 Oct 12
     
    Yes I do agree with you that the "windows fones" are going to create a huge competition with the apple iphone and i think this is a positive aspect to the phone market because now the iphone will probably not dominate the phone market anymore and it's price will drop, making it more availible to people. Also this is a positive aspect that there is competition because it will lower the prices of telephones in generally making it more availible to everyone. Adding to the competotion aspect, it will force the to companys to finance their reserch even more, to try and beat their opposition, which will improve the technology of telephones of our day!
Tisha D

Taxes and Incentives - 0 views

pearsonblog.campaignserver.co.uk/?tag=elasticity-of-supply-of-labour

elasticity of supply taxes mobility of labour incentives

shared by Tisha D on 09 Nov 12 - No Cached
  • Tisha D on 09 Nov 12
     
    This article describes the effect of raising taxes on the people. Tax payed by the rich can be used by the government for man reasons such as implementing new policies, improving public amenities, and to benefit the poor. The article says that raising taxes has two main effects, one that people work less since work is now less rewarding. It also may cause people to feel the need to work longer hours because the might need to make some more money to keep the household running. One important determinant of the effect of tax rates is the relative position compared to other countries. Another is the international mobility. This mobility occurs because people believe that in other countries with lower taxes their pay will be greater and they can live a better life. The greater the mobility, the greater the elasticity of supply with respect to changes in taxes.
Mariya L

The Importance of Income Elasticity in Decision Making - 0 views

smallbusiness.chron.com/ity-decision-making-33994.html

YED

shared by Mariya L on 11 Nov 12 - No Cached
  • Mariya L on 11 Nov 12
     
    This article presents a very good explanation what is income elasticity and how it may affect producers choices and sales. The article includes four main parts: types of products, types of customers, product life cycle and determing income elasticity. In the section "Types of products" author points how small businessses and luxury items' producers are affected by people's income, and how can they improve sales. Second section talks about targeting of the customers, for example some companies may focus on people with high-income, so consumers are not sensitive to the changes in price. Product Life Cycle section talks about aging of the product and appearing of the substitutes, and the ways of overcoming that problems, attracting consumers. And the last part of an article describes how to determine an income elasticity of demand. It is a good article that helps to increase understanding.
Andrzej Z

Africa: Invest in Human Capital for Africa Growth - 0 views

allafrica.com/...201305131239.html

supply'side worldwide GDP growth competition Africa

shared by Andrzej Z on 15 May 13 - No Cached
  • Andrzej Z on 15 May 13
     
    It is an article about supply side policies in Africa specially investing in human capital in order to increase the potential output of the African countries. We know that education creates positive externalities and the benefits of education and training are not just felt by those who receive education, it will help the economy as a whole because it will increase the potential output of the economy. Greater regional integration and investment in social entrepreneurship and industry are also necessary for inclusive growth. Competition hast the effect of encouraging greater efficiency. Therefore, any policies that increase competition will increase efficiency and improve the productive potential of an economy. After reading this article I research a bit about the economic growth in Africa and I found this: Six of the world's ten fastest growing economies of the past decade are in sub-Saharan Africa. A clutch of countries have enjoyed growth in income per person of more than 5% a year since 2007.
Caitlyn S

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

www.sciencedaily.com/...100914095930.htm

ocean- crisis -tragedy of the commons

shared by Caitlyn S on 11 Jan 13 - No Cached
  • Mariya L on 11 Jan 13
     
    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.
  • ...2 more comments...
  • Benjamin D on 17 Jan 13
     
    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.
  • Caitlyn S on 18 Jan 13
     
    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.
  • Jean Eric on 21 Jan 13
     
    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.
  • Jean Eric on 21 Jan 13
     
    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

U.S. Manufacturing Slows - 0 views

www.nytimes.com/...us-manufacturing-slows.html

economic_growth US March_2013

shared by Mariya L on 01 Apr 13 - No Cached
  • Mariya L on 01 Apr 13
     
    The economic growth in the US has been slowed down in the past month. Overall in March, the rate of new orders dropped causing the fall of national factory activity to 51.3 from 54.2 that occurred in February. A reading above 50 indicates expansion in the manufacturing sector, and a number below 50 means contraction, thus despite the fact that the index fell, there is still expansion in factory activity but it had a lower rate in March. Altogether, new orders index, prices-paid gauge, inventories fell, while the employment improved.
Andrzej Z

UN report sees 6pc economic growth for E Africa - 0 views

www.businessdailyafrica.com/...index.html

economic-growth worldwide

shared by Andrzej Z on 02 Apr 13 - No Cached
  • Andrzej Z on 02 Apr 13
     
    I choose this article because it's surprising that the countries in Africa are experimenting a big economic growth. The article reports that Economic growth in East Africa, including Kenya, is expected to remain among the fastest in Africa this year aided by natural resource discoveries, improved agricultural performance, and economic diversification, a new report showed. The main reason for this economic growth are the natural resources, we have to remember that in Africa there are huge quantities on natural resources. In Africa the main problem is the inequality because the power and the resources are in the hand of few. There are international companies that controls the big parts of the resources. Another issue to take into consideration is that I some Africans countries the government aren't working properly because they use the money to buy weapons or they use the money for they own benefit.
  • Benjamin D on 06 Apr 13
     
    I found a similar article that talked about Africa's situation at the moment, many countries in Africa are having a rapid economic growth, people are becoming wealthier and even a middle class is emerging. Africa in general has got plenty of resources to ensure an econoic growth for many years. However, as you say, inequality is the biggest problem as a minor group within the country owns everything, there is still cheap labour and many people starving to death. I totally agree with you, the governments in Africa don't function properly as they dont allocate the money for people's benefit and they keep it for themselves in order to have more power and become wealthier.
Benjamin D

India says aims for green GDP alternative by 2015 - 0 views

in.reuters.com/...idINIndia-43127920091013

'macroeconomic activity' - 'green GDP'

shared by Benjamin D on 07 Feb 13 - No Cached
  • Benjamin D on 07 Feb 13
     
    I found this article very interesting, it relates to Green GDP. The Indian government is aiming to use natural resources, and fight global warming, India is one of the most affected countries due to global warming. India's stand in the fight against global warming will let them be in a better position on negotiations about cutting emissions by an average of 5 percent below 1990 levels by 2008-12 which take place in Denmark. India has no obligations to actually reduce emission as it is still a developing countries and as it says in the article it is a "proof of its sincerity in fighting climate change". The Indian governmen t will even consider their Green GDP as part of their economic growth. This won't be an easy challenge for India though due to millions of people living in poverty and having to burn fossil fuels so their lives improve.
Tisha D

Employment Numbers reflect sluggish aggregate demand - 0 views

www.newswise.com/...-productivity-and-demographics

aggregate demand technology employment manufacturing USA

shared by Tisha D on 20 Feb 13 - No Cached
  • Tisha D on 20 Feb 13
     
    This article talk about how technology is improving at a rapid pace and thus leading to unemployment in the manufacturing sector. Since these manufacturing industries comprise three quarters of the 20- sub industry sectors, the level of unemployment is considered quite large. Some of these sub industries are leather tanning, paper mills, fertilizer factories, glass products etc. Another influencing factor in the drop of aggregate demand in the U.S is the shift in the age of the labor force. According to statistics, by 2020, people over 55 will compose of more than 25% of the labor force in manufacturing.
Kyuhwan L

World Hunger: The Problem Left Behind - 0 views

www.nytimes.com/...left-behind-economic-view.html

opportunity cost corn crops drought production possibility curves scarcity

shared by Kyuhwan L on 17 Sep 12 - No Cached
  • Kyuhwan L on 17 Sep 12
     
    As the third major international crop, the price of corn rising is affecting the globe. As droughts plague the agriculture of African countries, the price of corn is surging, reminding us again that world hunger is still prevalent in the world today. The title of the article was eye-catching and reading it through "economic lens" really made it interesting. Droughts in Africa is affecting the agriculture of corn and making crops scarcer. In addition, price of fertilizers is two to four times more expensive in Africa, detrimentally affecting the region, which uses the most fertilizers. The opportunity cost of purchasing fertilizers is enormous as the money spent on fertilizers can be used for providing services for workers, better equipment or improving on infrastructures. Furthermore, farming technology is still quite primitive compares to North American standards and as a result the production possibility curves are smaller than other agricultural regions. This article was really interesting because it relates so closely with what we have learned so far, and it reminded me that world hunger is still very much present in our world.
Patrick vD

Making room for girls - 0 views

www.economist.com/...gender-inequality

economic development

shared by Patrick vD on 14 Jan 14 - No Cached
  • Patrick vD on 14 Jan 14
     
    This article talks about how developing countries are making progress in improving girls' education. This could be one factor of the development of the economy in these countries.
Mariya L

German Trade Balance Isn't About Hard Work - 0 views

www.slate.com/...eat_products_or_hard_work.html

Trade balance trade deficit Germany US international trade

shared by Mariya L on 17 Nov 13 - No Cached
  • Mariya L on 17 Nov 13
     
    This article talks about the trade surplus of Germany. According to one German worker's statement, Germans work hard to make all their exports. However, the data shows that Germany makes as much exports as the US, but it imports much less. Therefore, Germany has faced a surplus, while the US has a trade deficit. It has been suggested that Germany should decrease their surplus, not through decrease of the exports, but through increase in imports. Increase in exports from other countries would lead to improvement of the economies of other countries like Spain, France, etc.
Jina K

Fall in imports curbs Lebanon's balance of payments deficit - 0 views

www.dailystar.com.lb/...lance-of-payments-deficit.ashx

Trade Balance Balance of Payments

shared by Jina K on 19 Nov 13 - No Cached
  • Jina K on 19 Nov 13
     
    The fall of imports have reduced Lebanon's balance of payments deficit from $1,932.1 millions US dollars to $675.2 US dollars. Movement of imports and exports are the most significant variable affecting the balance of payments. The slowdown of Lebanon's economic activity results in lower imports and therefore lowering the deficits in the balance of payments. Imports to Lebanon is usually higher than its exports, but this had changed in 2013. Lebanon's exports of banking, educational and health services have increased. Deposit inflows had increased by 11 percent compared to last year. This article clearly relates to the Balance of Payments. Here, Lebanon's movement of goods in and out of its country pay a major role in determining the Balance of Payments. Obviously, these imports and exports are a part of the current account, which includes the balance of trade in goods (visible trade balance) and balance of trade in services (invisible balance). Lebanon sees an increase in services, which means that there could be an improve balance of trade in services.
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