IB Section 3 International
50 views | +0 today
Follow
IB Section 3 International
Topics for IB economics unit 3 international economics
Curated by Nick Marsh
Your new post is loading...
Your new post is loading...
Scooped by Nick Marsh
Scoop.it!

China's exchange rate trap

China's exchange rate trap | IB Section 3 International | Scoop.it
The moment when China could have made a smooth transition from pegged currency to a flexible exchange rate has now passed
Nick Marsh's insight:

The exchange rate trap is causing the country to spend its reserves. Why? 

more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Russia to Boost Trade with Egypt

Russia to Boost Trade with Egypt | IB Section 3 International | Scoop.it
Russia will increase exports of wheat to Egypt and imports of other agriculture products from it, Russian officials said on Tuesday as the two countries discussed the potential for free trade.

Th...
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

A dollar mutiny has broken out in the global currency wars

A dollar mutiny has broken out in the global currency wars | IB Section 3 International | Scoop.it
March 8, 2012
Panama City, Panama

I've been having breakfast at Cafe Manolo's ever since I started coming to Panama, going on ten years now. They make the best 'batido' ever... it's sort of like a milk shake crossed with a fruit smoothie. And it used to be ridiculously c
Nick Marsh's insight:

Panama is a dollarised economy that has run out of dollars for fuel subsidies due to US printing more.

more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

FTZ helps Shanghai’s trade expand 16.5% | Shanghai Daily

FTZ helps Shanghai’s trade expand 16.5% | Shanghai Daily | IB Section 3 International | Scoop.it
TradeShanghai’s trade expanded 16.5 percent from a year earlier in January, better than the national average of 10.3 percent, due to the pilot free trade zone, the Shanghai Statistics Bureau said yesterday.Exports
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

U.S. launches new trade action against India

U.S. launches new trade action against India | IB Section 3 International | Scoop.it
WASHINGTON/NEW DELHI (Reuters) - The United States on Monday said it would take India to the World Trade Organization to gain a bigger foothold for U.S. manufacturers in its fast-growing solar products market, adding another irritant to an already strained relationship. The Obama administration said it was filing its second case at the WTO over the domestic content requirements in India's massive solar program, which aims to ease chronic energy shortages in Asia's third-largest economy. U.S. Trade Representative Michael Froman said making Indian solar developers use locally made equipment discriminated against U.S. producers and could hinder the spread of solar power.
Nick Marsh's insight:

The WTO / Solar power / USA spat continues, this time with India.

more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Japan posts smallest current account surplus on record in 2013

Japan posts smallest current account surplus on record in 2013 | IB Section 3 International | Scoop.it
By Stanley White TOKYO (Reuters) - Japan posted its smallest current account surplus on record last year in a worrying sign that sluggish exports and the rising cost of energy imports will hamper economic growth. The deteriorating external position is also bound to put the spotlight back on Japan's ability to service its huge debt, which at over twice the size of its economy is the worst in the industrialized world. The Ministry of Finance data on Monday also showed the current account balance for December slid to the largest deficit on record as exporters have failed to reap the benefits of a weak currency. Still, the uneven recovery may prompt officials to consider other options to keep economic growth on track, some analysts say.
Nick Marsh's insight:

Japan posts current account deficit despite depreciating Yen. Exports must be price inelastic.

more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

New trade pact: can China afford non-membership? | Shanghai Daily

New trade pact: can China afford non-membership? | Shanghai Daily | IB Section 3 International | Scoop.it
We hear a lot of talk about the TPP? So what is it, and how does it affect China?The Trans-Pacific Partnership is a proposed 12-nation trade pact, led by the United States.
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Chinese factories turn to Bangladesh

Chinese factories turn to Bangladesh | IB Section 3 International | Scoop.it
As labour costs rise in China, firms are looking to Bangladesh for garment manufacturing.
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

China and Brazil sign currency deal

China and Brazil sign currency deal | IB Section 3 International | Scoop.it
China and Brazil sign a $30bn (£20bn) currency swap deal, which they say will safeguard against any future global financial crisis.
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

India raises import tax on gold

India raises import tax on gold | IB Section 3 International | Scoop.it
India increases import duties on gold from 4% to 6% to try to rein in demand for the precious metal and reduce the country's trade deficit.
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Rich Chinese overwhelm U.S. visa program

Rich Chinese overwhelm U.S. visa program | IB Section 3 International | Scoop.it
A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash.

The number of applicants is now so great that the government might run out of permits.

Any foreigner will...
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Government vows to fight pollution in cities | Shanghai Daily

Government vows to fight pollution in cities | Shanghai Daily | IB Section 3 International | Scoop.it
The government has promised to make sure that 60 percent of Chinese cities meet national pollution standards by 2020. The pledge was made amid growing pressure to make cities livable as hundreds of millions
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Pay in yuan for overseas e-commerce | Shanghai Daily

Pay in yuan for overseas e-commerce | Shanghai Daily | IB Section 3 International | Scoop.it
Domestic consumers will be able to pay in yuan when they shop on foreign e-commerce websites because China yesterday allowed third-party online payment platforms to handle cross-border settlement in yuan.Five
Nick Marsh's insight:

Will this encourage even more imports?

more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

With vote to curb immigration, Swiss roil Europe

With vote to curb immigration, Swiss roil Europe | IB Section 3 International | Scoop.it
The choice by Swiss voters to impose new curbs on immigration is sending shockwaves through the European Union. The bloc's leaders warn it violates the "sacred principle" of freedom of movement ...
Nick Marsh's insight:

Quotas on people: immigration restrictions may be a new form of protectionism for our text books.

more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Won Goes From Asia’s First to Worst as Top Forecaster Says Sell

Won Goes From Asia’s First to Worst as Top Forecaster Says Sell | IB Section 3 International | Scoop.it
South Korea’s won is leading a drop in Asian currencies this year, after gaining the most in the second half of 2013, as tapering of U.S. stimulus drains funds from emerging-market assets and China’s economy slows.
Nick Marsh's insight:

The Korean Won has depreciated sharply at the start of 2014 despite being the strongest currency in Asia last year. Korea's central bank may be allowing a weaker currency due to falling exports. Is that wise?

more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Yuan strengthens to new high against USD | Shanghai Daily

Yuan strengthens to new high against USD | Shanghai Daily | IB Section 3 International | Scoop.it
The Chinese currency Renminbi, or yuan, marched to a new high against the US dollar on Wednesday, as the dollar sank after fresh job data pointed to the Federal Reserve not cutting back its stimulus before...
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Obama-Xi summit 'constructive'

Obama-Xi summit 'constructive' | IB Section 3 International | Scoop.it
US President Barack Obama and Chinese leader Xi Jinping end a two-day summit described by a US official as "unique, positive and constructive".
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Weak yen impacts Japan trade deficit

Weak yen impacts Japan trade deficit | IB Section 3 International | Scoop.it
Japan's recent monetary policy stance, that has weakened its currency sharply, is starting to have an impact on its trade, latest figures show.
more...
No comment yet.
Scooped by Nick Marsh
Scoop.it!

Majority of British public wants to leave EU

Majority of British public wants to leave EU | IB Section 3 International | Scoop.it
The Conservatives and the United Kingdom Independence Party were "at war" tonight as they both rejected a controversial call by a senior Tory for them to forge an electoral pact.
more...
No comment yet.