https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw Made with wonder en-us 2019-10-14 21:32:35 UTC 2019-12-03 03:26:41 UTC hello@padlet.com jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397756180 The world's poorest countries are having difficulty in escaping poverty mainly due to the trade conflicts between major countries. Moreover, the World Bank states that trade conflicts are impeding supply chains and triggering manufacturers to setback investment decisions to avoid getting involved in the trade war. 
This article is relevant because it proves that the economy's output of goods and services are in correlation with the demand, or health, of the economy. As stated by John Maynard Keynes in the article "Keynesian Economics," the Great Depression was caused by a failure of aggregate demand. Mongolia, a developing country, is affected from the trade war.

]]> 2019-10-15 06:44:49 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397756180 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397762033 The poor, primarily from the middle-income countries, are not able to receive aid because the governments of these countries never received enough or have outgrown eligibility. Countries such as India and Nigeria obtained the least amount of aid, whereas the low-income countries received substantially higher amounts of aid.
This article is relevant because it relates to neoliberalism discussed in "Neoliberalism" by Johanna Bockman. The governments from the middle-income countries exhibit neoliberalism because they constantly deliver ineffectiveness, corruption, and repression due to the fact that they are slow to redistribute income to the poor.]]> 2019-10-15 07:08:11 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397762033 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397768945 The growth from any country in the world has declined since the financial crisis in 2008. The world economy has been suffering from globalization of trade, depopulation due to the shrinkage of labor force, declining productivity and a debt burden as high now as it was before the crisis. Rather than measuring the health of the economy through the size of the country's labor force, we should instead look at the per capita income growth.
This article is relevant because it relates to the "invisible hand." The economy's health should be measured through multiple factors, such as the per capita income growth, that measure the well-being of the country.

]]> 2019-10-15 07:31:21 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397768945 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397777102 President Trump released trade hostilities with China,  set trade tariffs on steel made by allies like Europe and Japan, and confined India's access to the American market. He initiated the trade war in order to return the "stolen" factory jobs from China to the United States. Economists believe that the trade war is more harm than good because it has lowered paychecks from factory workers that rely on imported goods and increased the price of manufactured goods.
This article is relevant because it relates to opportunity cost. Trade tariffs restrict the potential progress that can occur through international trade.]]> 2019-10-15 07:57:53 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397777102 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397781873 Even without the occurence of the trade war, the economy's growth would still be in a decline. Other countries, such as China, Germany, and Australia, have been hindered to the trade war. President Trump believes that the trade tariffs have nothing to do with the world economy's decline in growth, but economists believe otherwise.
This article is relevant because the reasoning for the decline in the world economy's growth is partly due to the trade tariffs. As stated in "The Washington Concensus," the key to development is deregulation and fiscal discipline. The trade tariffs are rendered worthless for the economy if it disrupts international trade.]]> 2019-10-15 08:15:37 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/397781873 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416790115 For the first time in about a decade, Hong Kong has been considered to be in a recession. The country's economy has shrank by about three percent from July to September. There has been no confirmation on whether or not the decline is subject to improvement any time soon. The tariff war between Washington  and Beijing initiated the decline about five months ago.
This article is relevant because it signifies the importance of globalization with other countries. Trade is essential in sustaining the health of the economy. Without international trade in one country, the well-being of that same country would diminish due to the lack of diverse resources. ]]> 2019-11-26 17:25:09 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416790115 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416797300 President Trump stated that China was not able to secure a trade deal with the United States and suggested that he might exempt Apple from an upcoming round of tariffs. This is due to Trump's dissatisfaction with the numerous deals brought onto him. There was a deal that was brought up, but no confirmation or signage has been scheduled.
This article is relevant because many of the imports that come from external countries are unattainable without the assistance from other countries. Apple's products, which are manufactured in Asia, are able to be obtained through globalization.]]> 2019-11-26 17:37:39 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416797300 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416802485 Andres Manuel Lopez Obrador, the Mexican president,  stated that the Spanish bank Santander will stop charging commissions on remittances sent by migrants to their relatives in Mexico. Additionally, he considered the commission charges on remittances as abusive. Getting rid of the commission charge and the implementation of a very competitive exchange rate would assist in Mexico's economy.
This article is relevant because Financial remittances can be beneficial for emergencies, potential security concerns and economic benefits for developing countries. A commission charge would persuade the individual who is sending money to not undergo the transaction. ]]> 2019-11-26 17:46:20 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416802485 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416807704 Gambia, on behalf of Rohingya Muslims, filed a lawsuit accusing Myanmar of genocide. They summoned the case before the United Nations' highest court to attempt to open a legal path against the country's authorities. Also, Gambia requested that the International Court of Justice issue an urgent temporary injunction ordering Myanmar to halt all actions that could aggravate or expand the existing situation.
This article is relevant because international countries being able to cooperate with other countries creates the unification needed to sustain the health of the economy. Genocide, and all other unjust actions, with other countries would hinder the success of the country.]]> 2019-11-26 17:54:14 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416807704 jerremiah_sakilayan060 https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416814575 Lebanon's financial crisis worsens and it is prominent with the fact that salaries are being cut by about half or more. As stated in the article, the only noticeable industry doing well in the country is the safe industry. This is due to the increasing need to keep one's personal cash at home. Lebanon has one of the highest debtb ratios in the world, which is at around eighty-six billion dollars. Then the flow of hard currency into the country dropped starting in 2016, in large because falling oil prices reduced remittances from Lebanese in Arab Gulf nations.
This article is relevant because remittances are able to affect the health of the economy. Remittances have a positive effect on the health of the economy and if it is non-existent, then it would be extremely difficult for a country to be able to find the solution necessary for improvement.]]> 2019-11-26 18:07:48 UTC https://padlet.com/jerremiah_sakilayan060/ad5asa41udlw/wish/416814575