A2 Macro - The Global Economy
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A2 Macro - The Global Economy
News and information to support A2 students completing #econ4 - The Global Economy
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The Downside of International Trade: Job Losses - 24/7 Wall St.

The Downside of International Trade: Job Losses - 24/7 Wall St. | A2 Macro - The Global Economy | Scoop.it
The Downside of International Trade: Job Losses
24/7 Wall St.
The EPI study claims that the increase in the U.S.
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Deal to ease global trade 'clearly doable': US - Economic Times

Deal to ease global trade 'clearly doable': US - Economic Times | A2 Macro - The Global Economy | Scoop.it
Deal to ease global trade 'clearly doable': US Economic Times The Bali summit is seen as perhaps the last chance to revive the so-called "Doha Round" of talks, launched in 2001 to craft a global accord on opening markets and removing trade...
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Brazil 'overtakes UK's economy'

Brazil 'overtakes UK's economy' | A2 Macro - The Global Economy | Scoop.it
Brazil has become the sixth-biggest economy in the world, overtaking the UK, the country's finance minister says.
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Globalisation – how globalised is the world? - Tutor2u

Globalisation – how globalised is the world? - Tutor2u | A2 Macro - The Global Economy | Scoop.it
Increased cross-border flow of trade in goods and services, movement of people, flows of financial assets, hot money, and FDI flows. - The growth of labour ... Taxes on International Trade (percent of current revenue).
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Ireland pulls out of recession

Ireland pulls out of recession | A2 Macro - The Global Economy | Scoop.it
The Republic of Ireland pulls out of recession after the economy grows by 0.4% in the second quarter of the year.
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Chinese Household Savings Surge to 50 Percent - The Epoch Times

Chinese Household Savings Surge to 50 Percent The Epoch Times “In the newly released data on China's macroeconomics, especially industrial output, there isn't much essential difference between [China's] new administration and its predecessor in...
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Comparative advantage

Comparative advantage | A2 Macro - The Global Economy | Scoop.it
Comparative advantage is one of the deepest and most profound ideas in economics. Should Martha Stewart iron her own shirts? No! We explain why and the implications for trade across countries.
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Brics economies plan $100bn fund | Macroeconomi...

Brics economies plan $100bn fund | Macroeconomi... | A2 Macro - The Global Economy | Scoop.it
Leaders of the Brics group of nations say they will set up a $100bn (£65bn) fund to guard against financial shocks.
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Taiwan and New Zealand sign free trade deal - Channel NewsAsia

Taiwan and New Zealand sign free trade deal - Channel NewsAsia | A2 Macro - The Global Economy | Scoop.it
Taiwan signed a free trade agreement with New Zealand on Wednesday, its first with a country that has diplomatic relations with China as it seeks to pursue similar deals regionally and halt a competitive slide.
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Estonia Creeps Upward in FDI Rankings - ERR News

Estonia Creeps Upward in FDI Rankings - ERR News | A2 Macro - The Global Economy | Scoop.it
Estonia Creeps Upward in FDI Rankings
ERR News
Last year, FDI led to the creation of 1,717 jobs in Lithuania, 443 in Estonia and 290 in Latvia, the study found.
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Foreign direct investment to Africa increases, defying global trend

Foreign direct investment to Africa increases, defying global trend | A2 Macro - The Global Economy | Scoop.it
Foreign direct investment (FDI) flows to African countries increased by 5 per cent to US$50 billion in 2012 even as global FDI fell by 18 per cent, UNCTAD's annual survey of investment trends reports.
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US consumer spending rose in May

US consumer spending rose in May | A2 Macro - The Global Economy | Scoop.it
Economic data points to continuing growth in the US economy, with US consumer spending in May reversing a fall in April (US consumer spending rebounded in May, continuing growth in the US economy
http://t.co/XEBJHEWn6K)...
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World Bank pledges more funds for poor in troubled states - Reuters

World Bank pledges more funds for poor in troubled states - Reuters | A2 Macro - The Global Economy | Scoop.it
World Bank pledges more funds for poor in troubled states Reuters In comments to reporters afterwards, Kim said the bank's comparative advantage lies in large-scale, "transformational" projects that can impact many people and address big problems,...
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Northeast Utilities zaps IT workforce, hires Indian outsourcers | NetworkWorld.com

Northeast Utilities zaps IT workforce, hires Indian outsourcers | NetworkWorld.com | A2 Macro - The Global Economy | Scoop.it

Northeast Utilities (NU) in Connecticut Tuesday confirmed that it plans to turn over part of its IT operations to two India-based outsourcing firms, despite a recent push by state lawmakers to keep it from doing so.

 

NU says it employs some 400 IT workers, and "will retain about half of those employees" after turning some operations over to outsourcers Infosys and Tata Consultancy Services, two of India's largest IT firms.

 

Today's announcement makes official what had already been suspected -- the company had told its IT workers weeks ago that it was considering outsourcing tech work.

 

The utility, which operates New England's largest energy delivery system, today said it is "working with strategic business partners to help conduct the rest of the work - the majority of which will still be conducted locally."

 

NU said it expects that 40 of its affected IT employees will be rehired by the outsourcers "and will still work at NU facilities."

 

U.S. Dept. of Labor filings indicate that Infosys has been bringing foreign H-1B workers to an NU job site for the last two years.

Connecticut IT workers, especially those in financial services, were one of the first to organize against the use of the H-1B visa.

 

Click headline to read more--


Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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Unit 4 Macro: Macau's Comparative Advantage in Gambling - Tutor2u

Unit 4 Macro: Macau's Comparative Advantage in Gambling - Tutor2u | A2 Macro - The Global Economy | Scoop.it
Few places come close to matching the revenues from gambling generated by casino-led Macau as this Economist graphic illustrates! Macau is a special administrative region of China on the other side of the Pearl River ...
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Japan trade deficit swells 25% in August - USA TODAY

Japan trade deficit swells 25% in August - USA TODAY | A2 Macro - The Global Economy | Scoop.it
Japan trade deficit swells 25% in August USA TODAY TOKYO (AP) — Japan's trade deficit swelled to a larger-than-forecast 960.3 billion yen ($9.8 billion) in August, the 14th straight month of red ink, as imports outpaced the growth in exports,...
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Greek finance minister sees recovery

Greek finance minister sees recovery | A2 Macro - The Global Economy | Scoop.it
The Greek finance minister says his country's economy is heading "slowly towards recovery" after it saw growth in the second quarter of the year.
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EU, Singapore conclude far-reaching trade deal - Reuters

EU, Singapore conclude far-reaching trade deal - Reuters | A2 Macro - The Global Economy | Scoop.it
EU, Singapore conclude far-reaching trade deal Reuters BRUSSELS (Reuters) - The European Union and Singapore submitted for approval on Friday one of the world's most comprehensive free trade agreements, which the EU sees as a stepping stone towards...
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UK trade deficit doubles in July to £3.1bn - BB...

UK trade deficit doubles in July to £3.1bn - BB... | A2 Macro - The Global Economy | Scoop.it
UK trade deficit doubles in July to £3.1bn BBC News Recent data on the UK economy has pointed to gathering momentum. On Wednesday, a report showed that activity in the service sector hit a six-year high.
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Comparative Advantage - Cafe Hayek

Comparative Advantage - Cafe Hayek | A2 Macro - The Global Economy | Scoop.it
Bryan Caplan – who has a comparative advantage over most of us in such matters – ponders Tyler Cowen's pondering of the principle of comparative advantage. Perhaps I will later write an even longer and more ponderous ...
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"Specialization and Trade: Because We Can't Be Good At Everything" | LearnLiberty

"Specialization and Trade" by @LearnLiberty ► Get Learn Liberty updates in your inbox! http://LearnLiberty.org/subscribe Prof. Carden is able to mow his lawn... (what about the prices? when you explain the comparative advantage.
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China, Switzerland sign free trade agreement - Reuters

China, Switzerland sign free trade agreement - Reuters | A2 Macro - The Global Economy | Scoop.it
Economic Times China, Switzerland sign free trade agreement Reuters BEIJING (Reuters) - China and Switzerland on Saturday signed a free trade agreement in Beijing - a move that came amid escalating tensions between Asia's economic giant and the...
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Croatia's accession to the European Union - Q&A - EU News

Croatia's accession to the European Union - Q&A - EU News | A2 Macro - The Global Economy | Scoop.it
Croatia's accession to the European Union - Q&A
EU News
Will trade in goods be simplified after EU accession? ....
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Global foreign direct investment fell by 18% in 2012 - FinFacts

Global foreign direct investment fell by 18% in 2012 - FinFacts | A2 Macro - The Global Economy | Scoop.it
Global foreign direct investment (FDI) inflows fell by 18% to US$1.35tn in 2012. Recovery to more vigorous investment levels will take longer than expected, mostly because of global economic fragility and policy uncertainty, ...
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