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Post #1 (October 10, 2017) - China and Poverty

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Post #1 (October 10, 2017) - China and Poverty

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https://www.economist.com/news/china/21721393-after-decades-success-things-are-getting-harder-chinas-new-approach-beating-poverty?zid=301&ah=e8eb01e57f7c9b43a3c864613973b57f

The local government of Minning, a small town in China, came up with a unique way to fight poverty. One way they will combat poverty is by approaching each individual living below the poverty line. Each individual seeking help will be added to a list along with their personal necessities and how it is the government will meet those needs. Their plan to decrease poverty reminds me of the UN Sustainable Development Goals because there is a specific plan to help better the lives of the people living within that society.

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Post #2 (October 10, 2017) - Britain and FDI

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Post #2 (October 10, 2017) - Britain and FDI

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https://www.economist.com/news/britain/21721707-foreign-investors-do-less-boost-productivity-commonly-supposed-take-away-finance-and

Britain has been pretty good at having money go in and out of the country through international investments, but in most recent years, there hasn’t been much improvement. The main reason why Britain isn’t making any improvements is because investors doing business in other countries aren’t doing anything to better their own economy. Economists believe FDI is a good thing because it creates growth, but in this case it is not good for Britain because it isn’t creating any changes at all. Sociologists would agree that in this case it’s not good because slow growth means no increase in wages.

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Post #3 (October 10, 2017) - Theresa May and Free Market

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Post #3 (October 10, 2017) - Theresa May and Free Market

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http://www.bbc.com/news/business-41419858

For the last twenty years, the British prime minister, Theresa May, has been explaining the importance of having a free market economy She strongly believes that if a government tries to pay off debt by borrowing money and raising taxes it only hurts the people in the country and the economy. She believes having a free market creates good fortune to the economy and happiness to the people. Everything May believes in are the exact same ideas Hayek had. You can definitely see she was influenced by neoliberalism and Hayek.

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Post #4 (October 10, 2017) - Germany and GDP

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Post #4 (October 10, 2017) - Germany and GDP

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https://www.nytimes.com/reuters/2017/10/09/business/09reuters-germany-economy-output.html

For the first time in the last six years, Germany’s economy experienced a great increase in GDP in August of 2017. This increase was made possible by manufacturing companies, especially by the manufacturing of vehicles. Germany’s economy is still expected to grow. This is important because development is measured by GDP. The more value goods and services produced in a country have, the more likely there will be an increase in economic growth.

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Post #5 (October 10, 2017) - Bill and Melinda Gates and Global Health

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Post #5 (October 10, 2017) - Bill and Melinda Gates and Global Health

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https://www.nytimes.com/2017/09/18/health/bill-melinda-gates-global-health-report-card.html

Last month, Bill and Melinda Gates analyzed health progress throughout the world with a focus on AIDs, infant mortality rates, tobacco use, and vaccinations. Even though there has been an increase in accessibility for health care, poor countries are still lacking the necessities for better health. Bill Gates argues that without help from rich nations, there will be higher and faster death rates. This reminds me of the third step on the list of UN Sustainable Development Goals. One of the main things a country needs in order to develop is better health and overall well being.

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Post #6 (November 26, 2017) -  Cars and Subprime Loans

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Post #6 (November 26, 2017) -  Cars and Subprime Loans

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https://www.economist.com/news/finance-and-economics/21721698-comparisons-subprime-financial-crisis-are-overblown-worries-mount

Car dealerships are offering car loans to those with low or no credit score. Although more subprime loans are given out to those buying cars, rather than homes, the car loan industry is much smaller than that of mortgages. The number of overdue car loan payments is beginning to increase. However, officials argue that the car loan industry isn’t big enough to create another financial crisis. This reminds me of financialization and the events that led to the 2008 financial crisis, but in this case, instead of lenders giving out subprime mortgages, they are giving them out for cars.

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Post #7 (November 27, 2017) - Remittances, Mexico, and Trump

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Post #7 (November 27, 2017) - Remittances, Mexico, and Trump

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https://www.economist.com/blogs/graphicdetail/2017/01/daily-chart-2

Donald Trump threatened undocumented Mexican immigrants the right to send remittances to Mexico if Mexico doesn’t pay for the wall he wants to build along the border. Many argue this will only increase the number of remittances being sent secretly rather than through a company or bank. This will make it impossible to keep number of how much money is actually being sent out. Remittances account for a fairly big percentage of Mexico’s GDP and most of that money comes from the U.S. This is important because some countries strongly rely on remittances as a source of income.

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Post #8 (November 28, 2017) - Tourism in Cuba 

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Post #8 (November 28, 2017) - Tourism in Cuba 

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https://www.economist.com/news/americas/21719812-revolutionary-economy-neither-efficient-nor-fun-what-tourist-industry-reveals-about

Because of Cuba’s current economic and political status it lacks decent hospitality services. Many Cubans are looking to make some money by getting into the hospitality business by renting out rooms. However, Cubans aren’t allowed to own more than two properties so they look for ways to do so legally. Cuba can ultimately attract up to triple the amount of tourists it currently receives, but first it needs to make serious policy change so that Cubans have more freedom to own private owned hotels. This reminds me of how some countries turn to tourism as a way to develop.

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Post #9 (November 29, 2017) -Europe's Population Rate

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Post #9 (November 29, 2017) -Europe's Population Rate

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https://www.economist.com/blogs/graphicdetail/2017/07/daily-chart-6

Declining birth rates and migration has drastically changed Europe’s population. Researchers suggest that by 2050, only four of Europe’s countries will see their population increase without the help of migration. However, poor countries, such as Latvia, will experience a dramatic drop in population because a large percentage of their people are migrating to countries where there is more work opportunity. This reminds me of the population rate environment indicator we analyzed for our WDI data analysis. I analyzed Latvia for my report so this information probably explains why Latvia has had many ups and downs in its population rate.

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Post #10 (November 29, 2017) - Eastern Partnership

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Post #10 (November 29, 2017) - Eastern Partnership

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https://www.economist.com/blogs/economist-explains/2017/11/economist-explains-20

Eight years ago the European Union created the Eastern Partnership to help some of the countries that lie east of the EU. The purpose of the Eastern Partnership is to politically and economically enhance these countries. Some countries believe that by being members of the EP they will eventually be a part of the EU. This reminds me of Bulgaria because the country was given political and economical help when it joined the EU, even though they ended up losing because of it.