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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.

It is a nice article about the central bank in my country Poland. The central bank in poland uses changes in interest rates to keep the inflation rate within the targeted range of 2.5% plus or minus 1%. This week the central bank has reduced the key rate by 25 basis points to 3 percent. As we know, a decrease in inflation will lead to the increase in consumption and investment. The consumption is the total spending of consumers in domestic products. With lower interest rates, consumers will borrow more money from the bank and they will spend more, so the AD curve will shift to the right. Investment is defined as the addition of capital stock to the economy. Lower interest rates will encourage the producers to spend more on investment. Another thing to take into consideration is that the decrease in inflation will make the exports from Poland more competitive in foreign countries where the inflation rate is much higher. Targeting inflation, whether explicitly or implicitly, is said to be beneficial as it results in a reduction in inflationary expectations. If the workers do not expect higher inflation then they will not make demands for increases in wages any higher than the expected rate of inflation and this will keep the costs of labour from rising excessively. Poland has enjoyed uninterrupted annual growth for the past two decades, and for a while after the financial crisis of 2008/9 the economy continued to defy the global downturn. However last year gross domestic product growth slowed to about two percent, less than half the pace in 2011, as infrastructure spending tailed off and the gloom from the euro zone started to filter through to previously bullish Polish consumers.

This article talks about the tragedy of commons. The governments are ignoring that instead of reducing the costs and the money used in the public sector they could try to cause an economic growth. This would be better for everybody because the economic growth reduces the deficits better than spending cuts. If we are doing spending cuts in the future we will have to spend a lot of money to fix the common resources and facilities used by all, including our air, water, and public infrastructure. If the problem amount then we will have more difficulties to solve them in the future, we can't leave them for the future generations because we have created those problems and we must solve them.

It is hard to supply products to the countries that doesn't have a good infrastucture. Most of the countries in Africa have a problems with that, as well as a problem with mortality of population. So few years ago one of the philanthropist asked: "If the Coca-Cola company can deliver a bottle of soda to a village deep in the African countryside on a daily basis, why can't governments and nonprofits figure out how to do the same with life-saving pharmaceuticals?" It used to take 30 days to deliever mediciens or vaccines to the patients, but in 2009 the Global Fund asked Coca-Cola for that support. In two years we can see a good results: in 80% of cases patient can find the right vaccination, it's 30% more than it was two years ago; it takes only 5 days to deliver them. But there is a huge difference between that two products - Coke and medicines: expensive drugs need to be refrigerated, and they expire, compare to Coca-Cola. That's why logistics takes a huge part in the planning of supply and it's excellently presented in that article.

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.

I choose this article because I think that it shows very well how sometimes we confuse economic growth with economic development. The article reports the benefits that the Gwardar port project would bring. According to the article the creation of this port should boost employment and it should lead to the creation of infrastructure that millions of vehicles would use. It is true that a big project normally creates employment, however in poor countries this project are normally created by international companies that pays small wages to the workers to reduce costs of production. For example, in Qatar there are many workers working in the construction of stadiums for the World Cup in 2022 but they face terrible conditions. If wages are small, the standard of life in Islamabad won't increase and they country will not achieve economic development. Also if this project will lead to a big increase in the number of vehicles in the country the environmental conditions will worse and the possible economic development may not become true.

I have chosen this article because it is related with our current topic FDI and because I think that Turkey is one of the developing countries that are making a very good use of it. The article reports the distribution of the FDI in the economy and the changes in FDI from last year. According to the article: "Turkey received foreign direct investment (FDI) of $12.6 billion in 2013, a drop of 4.1 percent compared to 2012". I think that nowadays one of the biggest advantages of Turkey is the closeness to the EU market. This advantage and the good infrastructural base grant Turkey a great potential.