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Post #6 (November 2, 2017) - "ICICI Bank Launches Voice-based International Remittance Service on its Money2India Application"

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Post #6 (November 2, 2017) - "ICICI Bank Launches Voice-based International Remittance Service on its Money2India Application"

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http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docTag=201711020900PR_NEWS_USPRX____enUK201711020336&feedID=600&press_symbol=151885

In this article it is about a new inventive way to send remittance to relatives in India, by using an app specifically for India’s largest private bank, ICICI. The article focuses on the convenience it has for people who live outside of India to send money without a specific process.

This article is relevant to the class because of the convenience of receiving and sending remittance to India. Because of ease and perhaps faster delivery time, outside migrants are able to contribute to the economic growth and livelihoods of their families.

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Post #7 (November 3, 2017) - "Fears for Bad Private Enterprise"

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Post #7 (November 3, 2017) - "Fears for Bad Private Enterprise"

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https://www.economist.com/news/business-and-finance/21730613-chinese-business-has-not-stopped-thriving-under-all-powerful-leader-fears-xi-jinping

This article shows the reassurance Xi Jinping gives to the Communist party by influencing state-owned enterprises and private companies; furthermore, showing a more capitalist approach to the economy than a communist communist.

This article relates to our class by deviating from central planning, which was very popular in the Communist party; however, it failed to accommodate any economic growth leaving China behind from capitalist countries. But they are now instead focusing on a way to improve their economic growth by including corporate companies to help direct the market.

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Post #8 (November 7, 2017) - "China Global Trade"

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Post #8 (November 7, 2017) - "China Global Trade"

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https://www.nytimes.com/2017/11/07/business/made-in-china-technology-trade.html

This article is about China’s ambition to execute the plan Made in 2025, to gain momentum in global trade with technology, and preparing for skilled labor instead of manufacturing. It also focuses on that with this ambition it might change how the rest of the looks at trade and force them to raise the stakes to keep themselves within the global market.

This article is related to our class because it refers to international trade between China and foreign countries. However, there are restrictions placed by the WTO that are avoided by big companies that would like to work China and their growing technology economy.

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Post #9 (November 14, 2017) - "Tokyo as a Global City Preparing for Floods"

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Post #9 (November 14, 2017) - "Tokyo as a Global City Preparing for Floods"

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https://www.nytimes.com/2017/10/06/climate/tokyo-floods.html

This article is about protecting Tokyo, an up and coming global city, from flooding. It is described as a rising concern as the 2020 Olympics approaches, which will be held in Tokyo, leading to the billions of dollars the government has contributed to underground facilities to help prevent any flooding from any natural disasters.

This article is relevant to our class because Tokyo is a rising global city, that is forming a transnational community by holding the 2020 Olympics. Though from reduced floods, the region has attracted several large e-commerce distribution centers; however, as a global city it is having problems in finding preventative ways to protect citizens and incoming visitors.

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Post #10 (November 20, 2017) - "Temporary Protection for Haitians"

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Post #10 (November 20, 2017) - "Temporary Protection for Haitians"

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https://www.nytimes.com/2017/11/20/us/haitians-temporary-status.html

In this article it talks about the end of temporary protection for Haitians who were displaces after the Haiti earthquake in 2010. It focuses on how other displaced groups will also be at risk for losing the temporary home in the United States and might possibly be forced to go back to a country where a government is unable to protect them.

This article relates to our class because there are a lot of displaced individuals around the world and this focuses on Haitians, who went through a traumatic natural disaster. Over the 59,000 Haitians who live in the United States, a great handful still send over money back to relatives who still live in Haiti; giving support to the government of a $2.36 billion of remittance representing more than one fourth of the country’s national income.

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Post #1 (September 9, 2017) - "China, Serbia, and FDI"

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Post #1 (September 9, 2017) - "China, Serbia, and FDI"

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https://www.nytimes.com/2017/09/09/world/europe/china-serbia-european-union.html?rref=collection%2Fsectioncollection%2Fasia&action=click&contentCollection=asia&region=stream&module=stream_unit&version=latest&contentPlacement=60&pgtype=sectionfront

This article is about a Chinese company investing money in Serbia for future transportation of goods from China to Western Europe. However, it also highlights the positives and negatives of their investment: from helping the Serbian economy to interfering with the European Union bloc’s project.

This article reminds me of the FDI readings and lecture, because it talks about the amount of outflow China is producing for Serbia in hopes to build new transportation roads, “The New Silk Road”, so Chinese goods can flow into Western European markets and how this new infrastructure will help with economic growth.

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Post #2 (September 18, 2017) - "Myanmar and The UN Goals of 2030" 

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Post #2 (September 18, 2017) - "Myanmar and The UN Goals of 2030" 

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https://www.nytimes.com/2017/09/18/world/asia/myanmar-rohingya-ethnic-cleansing.html?rref=collection%2Fsectioncollection%2Fasia&action=click&contentCollection=asia&region=stream&module=stream_unit&version=latest&contentPlacement=9&pgtype=sectionfront

This article is about the Rohingya group’s current crisis in Myanmar. Furthermore, this country has a self-determination ideology which aids in the ethnic cleansing against the Rohingya; starting with stripping away their citizenships and voting rights.

This article reminds me of the UN Sustainable Goals for 2030 we looked over in class; and one of the goals is to promote just, peaceful, and inclusive societies. I wonder how they will able to achieve their goal with the current crisis in Myanmar; and whenever the crisis is finally over (hopefully soon), how would they be able to contribute other goals into Myanmar in such a short amount of time.

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Post #3 (September 21, 2017) - "Ukraine and a Debt Crisis "

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Post #3 (September 21, 2017) - "Ukraine and a Debt Crisis "

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https://www.economist.com/news/finance-and-economics/21729461-it-may-ease-pressure-government-make-painful-adjustments-ukraines-return

This article is a about the increasing GDP in the Ukraine leading to an economic growth, after receiving help from foreign investors, from an outstanding debt they couldn’t pay back to Russia in a certain time frame. However, there is concern towards the emerging market if the economic growth reforms start to decline in productivity.

This article seems to be related to the continuing “Debt Crisis” that risen in the Keynesian period from the 1940’s to the 1970’s. Ukraine is a low developing country that borrowed money from Russia, however they are unable to pay it back because of the high interest rates, which lead them to an unsustainable debt.

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Post #4 (October 11, 2017) - "China’s Investment Program"

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Post #4 (October 11, 2017) - "China’s Investment Program"

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http://www.bbc.com/news/world-asia-china-41564841

This article is about how one of the world’s largest donors of foreign aid, China, is spending their aid among low developing countries. However, China is more untraditional when spending aid, in a sense of giving commercial loans that have to be repaid back to Beijing with interest.

This article is relevant because it shows the relationship between a lending country and a debtor country, within the perspective of the debt crisis and FDI. That aid is given with the main goal of developing the economic development and welfare of recipient countries, but some countries are not able to stabilize their economy and pay back their loans creating a debt crisis.

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Post #5 (October 11, 2017) - "The FDI Flow of China" 

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Post #5 (October 11, 2017) - "The FDI Flow of China" 

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http://foreignpolicy.com/2017/10/11/russia-is-the-biggest-recipient-of-chinese-foreign-aid-north-korea/

This article talks about how Russia receives the most foreign aid for developing countries from China. Moreover, it focuses a bit on the FDI outflow of foreign aid China has given in the last decade for about 140 developing countries.

This article is relevant to our class, because it projects a Keynesian attitude of the “development project”, which China seems to adhere to by giving a large amount of foreign aid to developing countries. It also touches on the FDI outflow showing that China has one of the top outflows in the world.