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AQA Economics Unit 4
Curated by Phil Hensman
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Why carmakers have the most to fear from protectionism - BBC News

Why carmakers have the most to fear from protectionism - BBC News | #ECON4 | Scoop.it
From Trump to Brexit, globalisation is under threat, and it's the car industry that has the most to lose, writes Jamie Robertson.
Phil Hensman's insight:
Protectionism, structural unemployment
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‘From bad to worse’: Greece hurtles towards a final reckoning

‘From bad to worse’: Greece hurtles towards a final reckoning | #ECON4 | Scoop.it
With another bailout set to bring more cuts, quitting the euro is back on the agenda
Phil Hensman's insight:
Impacts on the EU will probably affect the UK... Probably not positive either
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University applications fall with drop in nursing and EU students - BBC News

University applications fall with drop in nursing and EU students - BBC News | #ECON4 | Scoop.it
A drop in EU students and nursing candidates has driven the decline, figures show.
Phil Hensman's insight:
Less students from other countries means that they are less likely to settle here in the future = more supply-side problems, also, with less students, this could lead to universities' standards dropping, making the problem even worse in the future. This is an area we currently have comparative advantage in. Will this always be the case?
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Japan's annual consumer prices fall for first time in four years

Japan's annual consumer prices fall for first time in four years | #ECON4 | Scoop.it
Prime minister Shinzo Abe has spent the past four years trying to coax consumers into spending more
Phil Hensman's insight:
The dangers of the liquidity trap, deflationary spiral
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Brexit economy: weak pound stokes inflation as jobs market cools

Brexit economy: weak pound stokes inflation as jobs market cools | #ECON4 | Scoop.it
The latest monthly Guardian analysis finds a spending slowdown and article 50 jitters pointing to a challenging year
Phil Hensman's insight:
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Nissan to review Sunderland plant's competitiveness after Brexit

Nissan to review Sunderland plant's competitiveness after Brexit | #ECON4 | Scoop.it
Carmaker’s head says at WEF in Davos that company will ‘re-evaluate’ situation once UK’s relationship with EU is settled
Phil Hensman's insight:
Impacts of Brexit
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What is productivity and why is the UK's so poor?

What is productivity and why is the UK's so poor? | #ECON4 | Scoop.it
Productivity has barely grown in the UK since the financial crisis, and now lags 35% behind Germany and 30% behind the US
Phil Hensman's insight:
Productivity Figures
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Theresa May's Brexit plan, translated into plain English - The i newspaper online iNews

Theresa May's Brexit plan, translated into plain English - The i newspaper online iNews | #ECON4 | Scoop.it
Theresa May’s speech was the most anticipated of her six months in Downing Street and her team agonised over its precise wording. Every phrase carried a clear message. Embracing the world May said: “[The public] voted to leave the European Union and embrace the world. And they did so with their eyes open: accepting that …
Phil Hensman's insight:
The plan for the UK leaving the EU
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Skyscrapers — but no sewage system. Meet a city run by private industry

Skyscrapers — but no sewage system. Meet a city run by private industry | #ECON4 | Scoop.it
What happens when a city is managed almost completely by private corporations? Visit Gurgaon, India.
Phil Hensman's insight:
Do cities need Public Goods? Not always, but there are penalties for some.
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Free trade has won: adapt or die is the only option left to us | Miriam Gonzáles

Free trade has won: adapt or die is the only option left to us | Miriam Gonzáles | #ECON4 | Scoop.it
Protectionists from all shades of the political spectrum are living in a past that can never be recreated
Phil Hensman's insight:
Free Trade, protectionism, tariffs, structural unemployment
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Bruce Fellowes's curator insight, April 19, 2016 3:02 AM
Creative Destruction and its consequences
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Could the UK be the Atlantic Singapore? - BBC News

Could the UK be the Atlantic Singapore? - BBC News | #ECON4 | Scoop.it
As the UK contemplates what life might be like outside the EU, some say the small city state of Singapore may hold some lessons.
Phil Hensman's insight:

Err, no.

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Everything You Wanted To Know About The EU

Everything You Wanted To Know About The EU | #ECON4 | Scoop.it
Is there a Euro 2016 match on referendum day, and other burning questions about the EU answered right here.
Phil Hensman's insight:

Institutions and figures

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Brexit Could Derail Osborne's Fiscal Charter

Brexit Could Derail Osborne's Fiscal Charter | #ECON4 | Scoop.it
The IFS says Brexit could hit UK growth and also suggests cuts or tax rises may be needed to stay on course for a budget surplus.
Phil Hensman's insight:

Economic consequences of the UK leaving the EU

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The man with millions of jobs that need doing - BBC News

The man with millions of jobs that need doing - BBC News | #ECON4 | Scoop.it
How Australian entrepreneur Matt Barrie set up and grew website Freelancer, which links people who need tasks done with others who bid for the work.
Phil Hensman's insight:
Globalisation and competition for jobs
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Will globalisation take away your job? - BBC News

Will globalisation take away your job? - BBC News | #ECON4 | Scoop.it
Globalisation's already had a huge impact on workers' lives and is now set to hit middle-class jobs.
Phil Hensman's insight:
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How a 'tax haven' Brexit threatens the UK's social model

How a 'tax haven' Brexit threatens the UK's social model | #ECON4 | Scoop.it
The Conservatives may be willing to sacrifice what’s left of the UK’s beleaguered social model to maintain the City’s global status.
Phil Hensman's insight:
Evaluation of methods to combat the effects of Brexit
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Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs

Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs | #ECON4 | Scoop.it
Britain must keep some benefits of single market and customs union after Brexit, says chief executive of trade body SMMT
Phil Hensman's insight:
Long term consequences of BREXIT, Evaluation of the importance of the agreement.
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How has the Brexit vote affected the UK economy? January verdict

How has the Brexit vote affected the UK economy? January verdict | #ECON4 | Scoop.it
How has the economy reacted to the vote to leave the EU? <a href="https://www.theguardian.com/business/series/brexit-data-snapshot">Each month</a> we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK
Phil Hensman's insight:
What will the exam question be? THIS. READ THIS EVERY MONTH.
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Globalisation once made the world go around. Is it about to grind to a halt?

Globalisation once made the world go around. Is it about to grind to a halt? | #ECON4 | Scoop.it
The denizens of Davos reassured themselves that free trade would go on in the Trump era, but they had for years done little about the losers such a system creates
Phil Hensman's insight:
Evaluation and analysis of Globalisation
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China hits back at 'extreme' tariffs from rival economies

China hits back at 'extreme' tariffs from rival economies | #ECON4 | Scoop.it
Rise in EU steel tariffs among measures cited by ministry of commerce, amid fears that Donald Trump could hit Chinese goods with tariffs of up to 45%
Phil Hensman's insight:
Protectionism, tariffs
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The GDP gap: the economy seems to be growing, so why isn't my bank balance? | Greg Jericho

The GDP gap: the economy seems to be growing, so why isn't my bank balance? | Greg Jericho | #ECON4 | Scoop.it
Don’t discount GDP as a gauge of economic output, but right now there’s a disconnect between what it measures and the economics of most people’s lives
Phil Hensman's insight:
The problems of measuring growth using GDP
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Bank of Japan shocks markets by voting against more stimulus

Bank of Japan shocks markets by voting against more stimulus | #ECON4 | Scoop.it
Despite weak inflation and household spending, central bank decides against fresh measures to stimulate economy, pushing the yen up
Phil Hensman's insight:
The effectiveness of monetary policy
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Giving up its U.S. citizenship could save Pfizer $35 billion in taxes

Giving up its U.S. citizenship could save Pfizer $35 billion in taxes | #ECON4 | Scoop.it
The pharmaceutical giant initially said moving to Ireland would save the company $2 billion over three years. Turns out it could be saving much, much more.
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Sterling’s had a weedy day – and it’s not all down to Boris Johnson - BBC News

Sterling’s had a weedy day – and it’s not all down to Boris Johnson - BBC News | #ECON4 | Scoop.it
When looking at the value of a currency, there is often more than one reason for a sudden decline.
Phil Hensman's insight:

Causes of currency fluctuations

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What's holding back the world economy?

What's holding back the world economy? | #ECON4 | Scoop.it
QE and low interest rates have disproportionately created wealth in the financial sector and inflated asset bubbles. It has done little for the real economy. The rules of the market need to be rewritten
Phil Hensman's insight:

In order to solve problems, you must understand the causes...

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