CLSG Economics: Markets and Market Failure
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Ghana protests over rising prices

Ghana protests over rising prices | CLSG Economics: Markets and Market Failure | Scoop.it
Emily Wang's insight:

The very high inflation is decreasing the value of the currency in Africa (compared to American dollars). Could cause market problems.

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The Economics of the First World War

The Economics of the First World War | CLSG Economics: Markets and Market Failure | Scoop.it
As commemorations continue, there is a feature on the BBC website, where Economics Editor Hugh Pym looks at the impact of the Great War on the UK economy. It’s a short, accessible piece with some interesting video clips..
Emily Wang's insight:

After the first world war, there was a budget deficit for the UK despite the government raising taxes.

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South Korea: S(e)oul searching

South Korea: S(e)oul searching | CLSG Economics: Markets and Market Failure | Scoop.it
Weakening export demand and excessive consumer debt may put the brakes on economic growth. In the long term, South Korea may need to move away from…
Emily Wang's insight:

Manufactured exports have been dropping in Korea, due to the Eurozone crisis. However the encouraged FDI is helping this problem.

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