<?xml version="1.0"?>
<rss version="2.0">
   <channel>
      <title>BRENNEN HASTY-SOC 448 News Journal by Brennen Hasty</title>
      <link>https://padlet.com/brennen_hasty204/kz5azm07oh71</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2018-09-10 06:19:54 UTC</pubDate>
      <lastBuildDate>2025-10-12 11:45:43 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
      <image>
         <url></url>
      </image>
      <item>
         <title>Post #1 (October 15, 2018) - Madagascar Vanilla Export</title>
         <author>brennen_hasty204</author>
         <link>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293236410</link>
         <description><![CDATA[<div><a href="https://www.bbc.co.uk/news/resources/idt-sh/madagascar_vanillla">https://www.bbc.co.uk/news/resources/idt-sh/madagascar_vanillla</a><br>This article briefly outlines the vanilla export industry in Madagascar. Global demand for natural vanilla extract has driven up demand, which has increased opportunities for farmers to profit, but also has created issues ranging from theft and murder to social inequality and environmental harm.<br><br></div><div>This article reminds me of both Ricardo’s comparative advantage and Guillen’s comparative institutionalism. Madagascar’s unique vanilla crop constitutes a natural endowment, which governments and farmers have collaborated to produce and export. However, benefits have not been equally distributed, and the country’s economy is at risk from global competition.&nbsp;<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-10-16 10:17:01 UTC</pubDate>
         <guid>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293236410</guid>
      </item>
      <item>
         <title>Post #2 (October 15, 2018) - Zimbabwe Economic Crisis</title>
         <author>brennen_hasty204</author>
         <link>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242033</link>
         <description><![CDATA[<div><a href="https://www.bbc.com/news/world-africa-45822166">https://www.bbc.com/news/world-africa-45822166</a><br>This article discusses the present economic crisis in Zimbabwe, which is characterized by hyperinflation and problems with trade. The new finance minister has stated their desire to solve the crisis by implementing a policy of privatization, spending cuts, and foreign debt repayments, in order to access international loans.&nbsp;<br><br></div><div>This article reminded me of our discussions about Keynes and Hayek, particularly on the issues of inflation and economic crisis. Furthermore, the finance minister’s desired economic policy seems to be very much in line with neoclassical theories of development.&nbsp;<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-10-16 10:42:55 UTC</pubDate>
         <guid>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242033</guid>
      </item>
      <item>
         <title>Post #3 (October 15, 2018) - IMF and Asia</title>
         <author>brennen_hasty204</author>
         <link>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242904</link>
         <description><![CDATA[<div><a href="https://www.bbc.com/news/business-45859698">https://www.bbc.com/news/business-45859698</a><br>This article discusses the IMF and World Bank’s assessment of several economic issues in Asia. Some fear a crisis similar to the Asian Financial Crisis in the 1990s. The article claims that the Us-China trade war poses the risk of recession. Also, Pakistan may receive IMF financial assistance.&nbsp;<br><br></div><div>Obviously the World Bank and IMF have both played a significant role in our discussions of globalization, including the Asian Financial Crisis. Furthermore, the article discusses how the IMF would require Pakistan to enact financial reforms in return for a bailout, which parallels our discussion of SAPs.&nbsp;<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-10-16 10:46:14 UTC</pubDate>
         <guid>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242904</guid>
      </item>
      <item>
         <title>Post #4 (October 15, 2018) - Brief History of Hyperinflation</title>
         <author>brennen_hasty204</author>
         <link>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242965</link>
         <description><![CDATA[<div><a href="https://www.bbc.com/news/business-45523636">https://www.bbc.com/news/business-45523636</a><br>After discussing the issue of hyperinflation in Venezuela, the article traces out a history of 5 of the worst cases of hyperinflation in history, including Hungary in 1946, Zimbabwe in 2008, Yugoslavia in 1994, Germany in 1923, and Greece in 1944. <br><br></div><div>Again, the subjects of inflation and hyperinflation are relevant to our discussions of Hayek and Keynes. The brief history of the German crisis in 1923 is particularly relevant, since it discusses the consequences of World War One’s reparations costs, which Keynes had also criticized. <br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-10-16 10:46:31 UTC</pubDate>
         <guid>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242965</guid>
      </item>
      <item>
         <title>Post #5 (October 15, 2018) - Indonesia Urban </title>
         <author>brennen_hasty204</author>
         <link>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242983</link>
         <description><![CDATA[<div><a href="https://www.nytimes.com/2018/10/16/world/asia/indonesia-earthquake-tsunami.html?action=click&amp;module=Well&amp;pgtype=Homepage&amp;section=World">https://www.nytimes.com/2018/10/16/world/asia/indonesia-earthquake-tsunami.html?action=click&amp;module=Well&amp;pgtype=Homepage&amp;section=World</a><br>This article discusses a recent earthquake in Indonesia. According to the article, the crisis stemmed not only from natural causes but from poor infrastructure and inadequate response by authorities. In order to accommodate rapid urbanization, homes and buildings were constructed which were not earthquake resistant.<br><br></div><div>This article reminded me of the UN sustainable development goals, specifically the 11<sup>th</sup> goal to achieve sustainable cities and communities. Specific aspects of this goal include proper infrastructure, effective responses to rapid urbanization, and effective disaster response, all things that evidently were not in place in Indonesia.<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-10-16 10:46:34 UTC</pubDate>
         <guid>https://padlet.com/brennen_hasty204/kz5azm07oh71/wish/293242983</guid>
      </item>
   </channel>
</rss>
