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Post #1 (October 2, 2018) - Arab States & Technological Development 

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Post #1 (October 2, 2018) - Arab States & Technological Development 

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https://www.economist.com/graphic-detail/2018/07/12/arab-states-are-losing-the-race-for-technological-development

The article, Arab states are losing the race for technological development talks about how these countries may look like they are doing well, but they are consuming more than they are advancing anything else. The article discusses how oil is making Arab states thrive, but nothing else is contributing to their advancement.

This article is relevant to the class because it pertains to the Modernization Theory and the five stages of development. Arab countries are in the third stage (take off) where production has increased in the oil industry, but they haven’t branched out to other ways they can successfully develop.

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Post #2 (October 5, 2018) - East Asia & the Tourists'

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Post #2 (October 5, 2018) - East Asia & the Tourists'

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https://www.economist.com/asia/2018/04/12/east-asia-has-the-worlds-fastest-growing-tourist-industry

The article, East Asia has the world’s fastest growing tourist industry talks about how the number of Chinese tourists coming the South Eastern part of Asia has drastically increased. Tourism being the main source of income for these countries, it has allowed them to improve the infrastructures within the country.

This article is relevant because it references the Dependency Theory and how the South Eastern countries are benefiting from the rise of China in particular. Countries like Thailand are looking to improve airports to increase the number of passengers from metropole countries, in turn allowing more tourists to come in and boost their economy.

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Post #3 (October 10, 2018) - China's Private Companies Fading?!?!

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Post #3 (October 10, 2018) - China's Private Companies Fading?!?!

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https://www.economist.com/china/2018/10/06/a-chinese-writer-calls-for-private-companies-to-fade-away

The article, A Chinese writer calls for private companies to fade away discusses how the Chinese leader has plans to adjust policy in favor of government institutions. He has the belief that SOEs (state owned enterprises) are what drives China's economy in the long run, so anything that will advance those is what he needs to advance.

This is relevant to class because it is referencing a switch from the once Hayek form of increasing the amount of private institutions, to now a Keynes way of operating. Xi Jinping has already made it difficult for privately owned companies to borrow money from the banks and started making it easier for SOEs to advance in their abilities.

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Post #4 (October 11, 2018) - Britain's Foreign Investment Stays Strong

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Post #4 (October 11, 2018) - Britain's Foreign Investment Stays Strong

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https://www.economist.com/britain/2018/04/07/why-foreign-investment-into-britain-remains-so-strong

This article called Why foreign investment into Britain remains so strong goes over how Britain is looking to exit the EU, but the numbers regarding foreign investment are still increasing and doing rather well. The more they rely on foreign investors now, the more likely their economy could thrive without the EU.

The article reminds me of the section of FDI covered in class. Due to Brexit, Britain is still looking to appeal to foreign investors in their country. They are keeping corporate taxes low and any companies willing to take over previous British companies will strike a deal in that.

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Post #5 (October 12, 2018) - Nobel Prize Winners & Climate Change

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Post #5 (October 12, 2018) - Nobel Prize Winners & Climate Change

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https://www.nytimes.com/2018/10/08/business/economic-science-nobel-prize.html

The article 2018 Nobel in Economics Is Awarded to William Nordhaus and Paul Romer talks about how these economists won a prize for the theory they coined as DICE (Dynamic Integrated Climate-Economy model) which talks about the only way our climate will not reap the benefits of its people is if the government comes up with a policy against it.

This article ties directly into the globalization discussion on how social issues intertwine with economic ones as well. Government intervention for the people contributing to climate change would affect the amount of people polluting the environment in the first place. Without consequences from our government, injustice will persist or in this case climate change.

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Post #6 (November 2, 2018) - What the World Can Learn from Australia

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Post #6 (November 2, 2018) - What the World Can Learn from Australia

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https://www.economist.com/leaders/2018/10/27/what-the-world-can-learn-from-australia

This article, What the world can learn from Australia discusses how Australia is one of the world’s leading countries with a growing middle class and lower than average public debt. Australia’s method focuses in on skilled migrants being the root of their economic growth. All benefits do have their flaws though.

Australia’s predominant immigrants are from Asia, which leads people of Asian culture to a transnational identity. While these individuals have “both feet in both countries” there will be an increase in remittances. Money flow will go into these Asian countries, rather than into Australia’s economy.

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Post #10 (November 20, 2018) - The Next Capital Revolution

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Post #10 (November 20, 2018) - The Next Capital Revolution

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https://www.economist.com/leaders/2018/11/15/the-next-capitalist-revolution

The article, The next capital revolution discusses how majority of youth today do not believe in capitalism and the country needs to change their minds. Three steps to do this include boosting innovation, removing barriers to entry, and giving more power to regulators of the market.

Immanuel Wallerstein would scoff at this article. An increased reliance on capitalism in developed countries directly effects the periphery and semi periphery countries; it creates a bigger gap in inequity and increases the amount of unequal exchange. Although there is no history of a real solution, we must take other measures to improve the future of the global economy.

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Post # 8 (November 3, 2018) - Egypt Stops Privatising State-Owned Firms

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Post # 8 (November 3, 2018) - Egypt Stops Privatising State-Owned Firms

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https://www.economist.com/middle-east-and-africa/2018/10/25/egypt-stops-privatising-state-owned-firms

This article, Egypt stops privatising state-owned firms discusses how the government in Egypt is trying to turn around "decades" of bad economic decisions. Their idea to reduce debt is to rid themselves of subsidies and raise fuel prices.

Unfortunately, these actions hinder their ability to reach the goal and investors are fleeing.
The article is relevant to class because we can analyze Egypt’s economic decisions through Adam Smith. Egypt is trying to change government financed businesses into ones that can stabilize and prosper on their own (the “Invisible Hand”). By intervening in gas prices, they destroyed the ability to form a new economic balance in their country.

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Post #7 (November 3, 2018) - Donald Trump is Wrong About Honduran Migrants. The Democrats are incoherent.

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Post #7 (November 3, 2018) - Donald Trump is Wrong About Honduran Migrants. The Democrats are incoherent.

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https://www.economist.com/leaders/2018/10/27/donald-trump-is-wrong-about-honduran-migrants-the-democrats-are-incoherent

The article Donald trump is wrong about Honduran migrants. The Democrats are incoherent discusses how the new caravan from Central America approaching the United States border does not contain Middle Easterners and should be handled tactfully. Trump stays firm in his anti-immigration stance, which turns the power to Democrats for convincing legislation of regulated migrators.

This article is relevant to class because immigration is discussed by Sanderson (2016). An increased immigration leads to an increase per capita income for the Global North and South. Unfortunately, this boosts’ both global economies, it widens inequities giving an advantage to developed countries. The U.S. could easily take advantage of this circumstance, but continuously decides not to.

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Post #9 (November 12, 2018) - The Benefits Gap Between High and Low Earners is Widening

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Post #9 (November 12, 2018) - The Benefits Gap Between High and Low Earners is Widening

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https://www.economist.com/finance-and-economics/2018/11/08/the-benefits-gap-between-high-and-low-earners-is-widening

The article, The benefits gap between high and low earners is widening discusses how higher wage earners benefits are increasing and lower wage earners benefits are decreasing. As the gap between two different types of income earners is widening, the individuals receiving the most benefit are paid more in general.

Income inequality and the effects relate to several class discussions. Increases in inequities relates to the amount of poverty and people in personal economic crises in the country. Laborers predominantly make-up the lower wage earners and with less benefits such as health, it could directly affect productivity.