Nemecis Hernandez by Nemecis Hernandez https://padlet.com/nemecis_hernandez622/qv6ain5zaagz SOC 448 News Journal en-us 2017-10-03 00:26:07 UTC 2025-10-02 16:13:25 UTC hello@padlet.com Post#1(October 2,2017) China and Industrial Strategy nemecis_hernandez622 https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/193263890 https://www.economist.com/news/finance-and-economics/21729442-its-record-industrial-policy-successes-patchy-china-sets-its-sights

Post #1 (October 2, 2017) China and Industrial Strategy

This article reminds me of the Late Industrialization Model we read by Alexander Gerschenkron because it talks about competitiveness among various global industries. In particular China as a dominating force attempting to demonstrate dexterity in multiple trades and industries worldwide. 
 
A specific concept that came to mind was protectionism in that China’s strategy is to identify and invest vast resources in developing profitable industries. Also, China adopted a do it yourself attitude towards areas where they lacked expertise so much so that they strategized to offer gainful contracts to foreign engineering countries in exchange for their skillfulness and later improve on it.


]]> 2017-10-03 04:00:12 UTC https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/193263890 Post#2(October 4,2017) Protectionism in the U.S Shipping Industry nemecis_hernandez622 https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/194526034 21730034-jones-act-hurts-american-consumers-and-destroyed-countrys-shipping

Post #2 (October 3,2017) Protectionism in the U.S Shipping Industry

This article is relevant because it talks about the United States failing
Shipping fleet, which stems due to persistent protectionism. A law known as the Jones Act was instituted to ensure that trade between domestic ports be done by American built ships and at minimum 75% owned and operated by American citizens.
 
     The problem with the Law and existing protectionism is that monopolizes
Coastal transport because it blocks possible competitors. As a result it increases costs so much so that consumers employ alternative means of transporting their goods such as trains and aircrafts. Ultimately the U.S shipping industry should consider employing some deregulation in regards to their shipping fleets before they fall further behind other nations.
]]> 2017-10-05 23:15:29 UTC https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/194526034 Post#3 (October 11,2017) nemecis_hernandez622 https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196260785 The costs of Trade between the U.S and China
https://www.economist.com/blogs/freeexchange/2016/12/overreactions

This article brought to mind the in class discussion and debate we had on wether or not Foreign Direct investment (FDI) was good or bad. It indeed promotes growth but what this article delves into is how it can result in economic disarticulation. Also wether the benefits outweigh the social costs particularly towards marginalized workers as a result of deindustrialisation in the U.S.

Economic disarticulation was enabled by the U.S decision to engage in free trade with China. Although it was essential in helping China rise out of poverty and experience economic growth it caused rising and persistent inequality in the U.S. Cheap goods provided by China benefited consumers but also cost them their jobs. Unemployment and poverty became more prevalent in the U.S as a result.]]> 2017-10-12 01:55:50 UTC https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196260785 Post#4 (October 11,2017) nemecis_hernandez622 https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196267669 The Middle-Income Trap

https://www.economist.com/blogs/graphicdetail/2017/10/daily-chart-6

This article presenting research on the concept of the "middle-income trap" and how it has become a misconception. It argues that middle income countries have a mixed economy rather than a fixed economy. Despite the looming perceived possibility of falling in the "trap" middle economies are able to compete with both rich and poorer countries.

A theory related to the topic of the "middle-income trap" is the World Systems Theory in that the middle income countries would be considered the semi-periphery with temporary mobility. The study conducted in this article measured factors such as GDP and came to the conclusion that middle income countries experience more growth than do rich or poorer.]]> 2017-10-12 02:55:59 UTC https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196267669 Post#5 (October 11,2017) nemecis_hernandez622 https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196296486 Interest Rates surged High-Priced Asset Markets

21729988-low-interest-rates-have-made-more-or-less-all-investments-expensive-bubble-without-any-fizz

This article is relevant to the course because it deals with macrocosmic policy which is instituted to promote overall economic growth. It details the Central Banks strategy to encourage stock market growth through attacking investors by lowering long-term interest rates in hopes of ensuring high rick investment. As a result share prices are at an all time high and continue to rise.

Other things are believed to account for the state of the market or "bull-market"are of course the actions of the central banks, increased saving, and structural change in the economy.A term that came to mind while reading this article was the "cycle of boom and bust"and inflation. How despite investors willing to pay the exceedingly high prices for stocks and taking risks in the process this can lead to future inflation.]]> 2017-10-12 06:55:22 UTC https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196296486 Post#6 nemecis_hernandez622 https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196937677
https://www.economist.com/news/business/21730170-donald-trump-has-blocked-new-regulations-ease-repealing-old-ones-will-be-harder]]> 2017-10-13 18:30:18 UTC https://padlet.com/nemecis_hernandez622/qv6ain5zaagz/wish/196937677