Australia makes the most money from coal. Who knew?
Using data from the CIA Factbook, we labeled every country in the world by its highest valued export, a.k.a. the commodity that makes the country the most money in the global market. Click on any of the maps below to see an enlarged version.
Sie denken, Sie hätten im Supermarkt die Auswahl zwischen Produkten unzähliger Hersteller? Falsch! In Wahrheit sind es gerade zwei Handvoll Konzerne, die bestimmen, was in Ihrem Einkaufswagen landet. Zumindest zeigt das die erstaunliche Grafik eines Unbekannten.
Aykut Kibritçioğlu's insight:
Alış-Veriş Tercihlerimizi Yönlendiren 10 Büyük Şirket:
Since their EU accession, Warsaw, Bratislava and Prague have overtaken Vienna in terms of GDP per capita, but regional divergence has widened.
Since their accession to the European Union ten years ago, something extraordinary has has been going on in the central European capitals. Measured in purchasing power standards (PPS), Warsaw, Bratislava and Prague now have a higher GDP per capita than Vienna. The Österreichs Kaiserstadt has been the reference point for central European countries for centuries – and a reference point now too, due to geographical closeness and strong trade and financial links.
The world has seen progress since the 1994 Cairo conference – but not enough.
UNITED NATIONS, New York – Twenty years ago, the international community gathered in Cairo, Egypt, to explore how the world was changing and how those changes were affecting the most vulnerable. At the 1994 meeting, the International Conference on Population and Development (ICPD), the world agreed that population issues – including voluntary family planning, maternal and child health, migration, and gender equality – are not just about counting people, but about making sure that every person counts.
At the conference, 179 governments signed on to the ICPD Programme of Action, which recognizes that women, their rights and equality are global development priorities. The governments committed to: providing universal access to voluntary family planning, sexual and reproductive health services and rights; delivering gender equality and equal access to education; addressing the impacts of urbanization and migration; and supporting sustainable development.
Today, the world is very different, transformed by the digital revolution and advances in medicine and human knowledge. But has it changed in the ways we hoped it would?
Amerika Birleşik Devletleri’nde 2006-2010 yıllarında yaşanan finansal krizden ve onu takiben oluşan “Büyük Küresel Durgunluk”‘tan bu yana konut sektöründeki fiyat gelişmeleri yaygın bir biçimde mercek altına alındı. Türkiye’de veya dünyanın diğer herhangi bir ülkesinde konut sektöründe oluşacak bir “fiyat balonu veya kabarcığı”nın göstergeleri neler olabilir? Sadece nominal (veya reel) konut fiyat endekslerini izlemek yeterli midir? Her büyük konut fiyatı artışı tehlikeli midir? Aşağıdaki kaynaklarda, bu konudaki bazı önemli tanım ve göstergeler hakkında yararlı ipuçları bulacaksınız: ...
Many ordinary business practices resemble the infamous con game
The Ponzi scheme has been a recurring fixture of economic life in rich and poor nations at least since the 19th century, creating a few millionaires and ruining the lives of millions. Yet most people have only a vague idea of what they are, which may explain why so many continue to fall for their strange and almost mystical allure. This topic, of course, has acquired a certain urgency because of the recent global financial crisis and headlines about the Bernard Madoff scandal, the biggest ever Ponzi scam, which occurred at the height of the turmoil.
Anyone who followed the Madoff debacle probably thinks about Ponzis as being deliberately concocted frauds. Instead of using investor money to fund a productive business venture, the con artist channels the proceeds from new investors to pay interest to earlier ones. But economists have started to realize that this type of behavior can also occur spontaneously, even unconsciously, simply by having one expectation feed on another, creating a frenzy of speculation, an inflating economic bubble that is doomed to eventually crash.
Look around the developing world and you will see a bewildering fissure opening up between economies' leading and lagging sectors. Worse, in many developing countries, the share of employment in these low-productivity sectors is expanding.
The G20 has given an ultimatum to the US to pass reforms to the International Monetary Fund or risk being left out of new changes.
Finance ministers in Washington for the spring meetings of the IMF and World Bank said they were “deeply disappointed” by failure to implement changes agreed in 2010, and gave the US until the end of the year to do so.
The communique highlights how growing frustration with the US for holding up reform is threatening its economic influence and predominance at the institution which governs the global financial system.
“We are committed to maintaining a strong and adequately resourced IMF,” says the communique. “If the 2010 reforms are not ratified by year-end, we will call on the IMF to build on its existing work and develop options for next steps.”
The US is the sole roadblock to completing the IMF reforms. The Obama administration supports the changes but has been unwilling to meet the high political price demanded by Republicans to get them through Congress.
The changes would double the IMF’s quota – in effect its equity capital – to $720bn; shift six percentage points of total quota to emerging markets; and move two of the 24 IMF directorships from European to developing countries.
Despite the ultimatum, it is not clear what next steps the G20 could take, since the US has a blocking minority of votes at the fund – which is the reason its inaction has delayed the reforms in the first place.
Emerging markets have grown more and more frustrated, as their current quota does not represent their growing weight in the world and economy, and they believe the IMF was too ready to offer loans to eurozone countries on terms that would not have been extended to poorer nations.
Otherwise, the G20 finance ministers agreed little of substance, mainly repeating a call for structural reforms and investment to promote growth.
The communique says the G20 is “committed to developing new actions” that “lift and rebalance global demand and achieve exchange rate flexibility”. However, it does not single out any issue such as renewed currency intervention in China, and emerging current account surplus, or emerging market concerns about the US Federal Reserve's exit from easy monetary policy.
We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the World (ROW) to analyze the determinants of Germany’s current account surplus after the launch of the Euro. The most important factors driving the German surplus were positive shocks to the German saving rate and to ROW demand for German exports, as well as German labour market reforms and other positive German aggregate supply shocks. The convergence of REA interest rates to German rates due to the creation of the Euro only had a modest effect on the German current account and on German real activity. The key shocks that drove the rise in the German current account tended to worsen the REA trade balance, but had a weak effect on REA real activity. Our analysis suggests these driving factors are likely to be slowly eroded, leading to a very gradual reduction of the German current account surplus. An expansion in German government consumption and investment would raise German GDP and reduce the current account surplus, but the effects on the surplus are likely to be weak.
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