IB Economics Regent's Bangkok
495 views | +0 today
Follow
IB Economics Regent's Bangkok
Development Economics
Curated by Blair Lockhart
Your new post is loading...
Your new post is loading...
Scooped by Blair Lockhart
Scoop.it!

The trouble with gender economics

At a global summit in Paris, France, MPs from around the world argued that investing in girls can spur economic growth.
Blair Lockhart's insight:

Y13 please read this. You can follow the links in the article to read about the World Bank's "Girl Effect" campaign (started by Nike Foundation) and critiques of it. Again this fits in perfectly with our current topic.

more...
No comment yet.
Scooped by Blair Lockhart
Scoop.it!

Air trade

Air trade | IB Economics Regent's Bangkok | Scoop.it
CARBON markets look green around the gills. The price of carbon on Europe’s emissions-trading system, the world’s biggest, has slumped. Barack Obama’s hope of... (Carbon tax can replace other taxes, and so not reduce competitiveness.
Blair Lockhart's insight:

A good read about carbon tax & possible import tariffs based on the carbon output involved in manufacture.

more...
Nam TheLum Sapkiree's comment, February 24, 2013 8:27 AM
restrictions on greenhouse-gas emissions is not the same in every country, some have less restrictions than others. Therefore consumers can buy products from countries that have less restriction on emissions, resulting in an increase in the emission rate in that country. On the other hand, trade restrictions can be abused "for protectionist purposes", this may happen because trade restrictions are hard to implement due to the different types of production used to emit greenhouse-gases. So no matter how we look at it, greenhouse-gas emissions is a very hard thing to decrease especially with the population growth in the world.
Suggested by Hamlet Tigranyan
Scoop.it!

'Money is like blood – it needs to circulate for local economies to survive'

'Money is like blood – it needs to circulate for local economies to survive' | IB Economics Regent's Bangkok | Scoop.it
Mathew Khan talks to Yorkshire entrepreneurs who are striving to increase self-sufficiency in a bleak national economy
Blair Lockhart's insight:

How to stop leakages from the economy.

more...
Nam TheLum Sapkiree's comment, February 24, 2013 9:17 AM
to have a successful business you need to produce efficiently, and in order to do that you must first have the factors of production: land, labour, capital (money), enterprise
Scooped by Blair Lockhart
Scoop.it!

Bank of Thailand faces tough rates decision | Bangkok Post: news

Bank of Thailand faces tough rates decision | Bangkok Post: news | IB Economics Regent's Bangkok | Scoop.it
The Bank of Thailand's Monetary Policy Committee (MPC) will be in the hot seat when it meets Wednesday to decide whether to cut the policy interest rate.
Blair Lockhart's insight:

Y13 & 11 have a read of this. Should the Bank of Thailand's Money Policy Committee raise interest rates to control inflation or cut rates to stop financial inflows strengthening the baht thereby negatively affecting the current account? Please make a comment.

more...
Christophe Lete's comment, February 20, 2013 10:02 AM
I'm not really sure. However, if im not mistaken, in the late 1980s japan, economists predicted that it was going to overheat . So banks increase interest rate in order to cope w/ the inflation. Bizarrely, it didnt turn out like what they expected. The economy wasnt really going into an inflation but the increase in interests by banks ironically caused the economy to collapse. So maybe cutting rates is a safer bet in the long-term. I mean better solve the problem at the root than the stem.
Rescooped by Blair Lockhart from Coffee Party News
Scoop.it!

Rubio and the Zombies

Rubio and the Zombies | IB Economics Regent's Bangkok | Scoop.it

by PAUL KRUGMAN, New York Times


The State of the Union address was not, I’m sorry to say, very interesting. True, the president offered many good ideas. But we already know that almost none of those ideas will make it past a hostile House of Representatives.

On the other hand, the G.O.P. reply, delivered by Senator Marco Rubio of Florida, was both interesting and revelatory. And I mean that in the worst way. For Mr. Rubio is a rising star, to such an extent that Time magazine put him on its cover, calling him “The Republican Savior.” What we learned Tuesday, however, was that zombie economic ideas have eaten his brain.

In case you’re wondering, a zombie idea is a proposition that has been thoroughly refuted by analysis and evidence, and should be dead — but won’t stay dead because it serves a political purpose, appeals to prejudices, or both. The classic zombie idea in U.S. political discourse is the notion that tax cuts for the wealthy pay for themselves, but there are many more. And, as I said, when it comes to economics it appears that Mr. Rubio’s mind is zombie-infested.


Start with the big question: How did we get into the mess we’re in? [MORE]


Via Charles Lang
Blair Lockhart's insight:

Beware of zombies? Krugman discussing the pitfalls of small government & austerity.

more...
Gary Kopycinski's comment, February 17, 2013 5:02 PM
We wish Krugman was more involved with the current Administration officially.
Tamra Temple's comment, February 17, 2013 5:07 PM
good article
Marianne Castiglia's comment, April 19, 2013 6:40 PM
I wish the current administration would listen to Krugman.
Scooped by Blair Lockhart
Scoop.it!

Pointers, yes, but the formula for success is elusive

Pointers, yes, but the formula for success is elusive | IB Economics Regent's Bangkok | Scoop.it
Despite the contrary impression they like to convey, there's a lot economists don't know.
Blair Lockhart's insight:

World Bank's chief economist talks about the history of growth strategies. This follows chapter 17 closely.

more...
Albert Ayvazyan's comment, February 24, 2013 9:50 AM
good article
Scooped by Blair Lockhart
Scoop.it!

A2 Macro - The currency market cold war could soon turn hot | Larry Elliott

A2 Macro - The currency market cold war could soon turn hot | Larry Elliott | IB Economics Regent's Bangkok | Scoop.it
Blair Lockhart's insight:

Have a read of how domestic policies influences currency value thereby giving a trade advantage.

 

more...
Michelle Navinda's comment, February 24, 2013 11:10 AM
Printing new money tend to reduce the level of a currency because as there are more supply the price falls. It will also led to inflation; people will be discouraged from saving and producers will face higher cost of production.
Scooped by Blair Lockhart
Scoop.it!

Mondays With Murray: The Death Of Keynesian Economics

Why would a noble prize winner ignore a fundamental question regarding the basis of the economic philosophy he has spent his life defending?
Blair Lockhart's insight:

Challenging Krugman & other Keynesians. Do you agree?

more...
Christophe Lete's comment, February 14, 2013 6:57 AM
The question doesnt really make sense. From the Commanding Heights, Keyne's theory is used more during times of crisis. Like maybe increase paper pieces where there is a deflation?
Scooped by Blair Lockhart
Scoop.it!

The economics of drug consumption - The Age

The economics of drug consumption - The Age | IB Economics Regent's Bangkok | Scoop.it
The Age
The economics of drug consumption
The Age
From an economic point of view, the decision to use illicit drugs is a rational choice and, as such, is no different from all the other economic choices we make.
Blair Lockhart's insight:

Illicit drug use, rational decision making and price elasticity.

Yesterday sex, today drugs, tomorrow I'll have to find an article on Rock'n'Roll!

Read the news!

more...
Andre Calvin Choo's comment, February 19, 2013 6:33 AM
Quite surprised about how drug demand also follows the law of demand, even with addiction, its still not a necessity...? Or perhaps people can cope with the withdrawal effects for a while before using again. Even legalizing drugs won't help solve problems, whereas letting drug cartels have their way isn't cutting it either... Perhaps this all relates back to society and how the more pressured people are to make money, they have more stressed, therefore need to find ways to "relax"? Or is it because the world today has become so stressful and depressing...
Scooped by Blair Lockhart
Scoop.it!

Sexonomics: In love and sex, it's economics — not romance — at the root of ... - National Post

Sexonomics: In love and sex, it's economics — not romance — at the root of ... - National Post | IB Economics Regent's Bangkok | Scoop.it
National Post
Sexonomics: In love and sex, it's economics — not romance — at the root of ...
Blair Lockhart's insight:

Love, marriage & Economics

more...
Andre Calvin Choo's comment, February 19, 2013 6:25 AM
Wow, just another amazing aspect to mess up marriage even more... first it was about the love, now its about whether there's enough money???? Makes the Idea of eloping virtually impossible now...
Bigg TheLum Arunrat's comment, February 24, 2013 4:59 AM
Basically,due to the development in today's world and society such as education and people's awareness of their financial status pretty much ruin romance.People tend to think about their financial status and the economy before they go ahead and get marry.I also agree with the fact that education tends to destory "love" too.For example,a highly educated women who are raised in a wealthy family would ignored men that are less educated because they believe men are supposed to be the leader
Christophe Lete's comment, February 24, 2013 9:11 AM
Big seems to have lots of experience hahah
Suggested by Tiko Akulian
Scoop.it!

Fossil fuel subsidies and tax breaks are still rising

Fossil fuel subsidies and tax breaks are still rising | IB Economics Regent's Bangkok | Scoop.it
Duncan Clark: New OECD data reveals a system of fossil fuel subsidies and taxes that is horribly overcomplicated and illogical
Blair Lockhart's insight:

Subsidising the use of fossil fuels. Go figure!

 

more...
Tiko Akulian's comment, February 10, 2013 4:16 AM
A fossil fuel subsidy is any government action that lowers the cost of fossil fuel energy production, raises the price received by energy producers or lowers the price paid by energy consumers. I think that the government support for oil, coal and natural gas in order to decrease the tax paid by consumers. Some people and economists think that fossil fuel subsidies are public enemy number one for green energy. I just wonder is it really possible to subsidy an environmentally unfriendly goods?
Suggested by Tiko Akulian
Scoop.it!

Feedback Can Improve an Autocratic Leadership Style | Business 2 Community

Feedback Can Improve an Autocratic Leadership Style | Business 2 Community | IB Economics Regent's Bangkok | Scoop.it
Leadership style refers to how a manager or leader handles situations and relates to his subordinates. There is no right or wrong style of leadership; the best
Blair Lockhart's insight:

If effective use of feedback is being used, is the leadership style still Autocratic?

 

 

more...
Tiko Akulian's comment, February 10, 2013 12:40 AM
I think it's not, because in the case of an effective feedback the opinion or demand of subordinates is taken into account. I believe that, if there is an effective feedback and it is taken into account by the leader, it's democratic leadership. So if subordinates want to change the leadership style of the leader they need to try to state an effective feedback.
Scooped by Blair Lockhart
Scoop.it!

The Big Mac index

The Big Mac index | IB Economics Regent's Bangkok | Scoop.it
Authoritative weekly newspaper focusing on international politics and business news and opinion.
Blair Lockhart's insight:

""..a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries."

more...
Bigg TheLum Arunrat's comment, February 24, 2013 4:35 AM
I found the indicator to be quite unique,yet useful when it comes to comparing the difference in value between currencies. I also agree that it would be more reliable if price vs GDP per person indicator is used because it gives a better and a deeper look of the gap between MEDCs and LEDCs.Also,by looing at the diagram, I have leanred that the Big Mac price tends to be undervalued in LEDCs and vice versa
Scooped by Blair Lockhart
Scoop.it!

Served in China

Served in China | IB Economics Regent's Bangkok | Scoop.it
IF ANY economy is known for its industrial might, it is China. Manufacturers, miners, utilities and builders accounted for over 45% of China’s GDP in 2012. In...
Blair Lockhart's insight:

Check out China's ongoing de-industrialisation.

more...
Vahagn Ar's comment, February 24, 2013 2:08 AM
YED , more money to spend on services... maybe
Blair Lockhart's comment, February 24, 2013 6:36 AM
Definitely
Michelle Navinda's comment, February 24, 2013 10:52 AM
Labour in the tertiary sector often earn more wage. So they have more disposable income to cover their spending on necessities and to satisfy some of their wants. This improves the quality of life in general.
Scooped by Blair Lockhart
Scoop.it!

Keynesian Economics Is Wrong: Bigger Gov't Is Not Stimulus

Based on a theory known as Keynesianism, politicians are resuscitating the notion that more government spending can stimulate an economy. This mini-documenta...
Blair Lockhart's insight:

A very one-sided critique of Keynesianism. Year 13, have a look and make comments to evaluate.

more...
No comment yet.
Scooped by Blair Lockhart
Scoop.it!

The Case for Tea Party Economics - Patriot Post

The Case for Tea Party Economics - Patriot Post | IB Economics Regent's Bangkok | Scoop.it
The Case for Tea Party Economics
Patriot Post
Then there are the deficit hawks who are willing to raise taxes while cutting spending to shrink the overall size of government. Tea Party Economics is about both low taxes, and low government spending.
Blair Lockhart's insight:

Certainly not my favourite source, but still a good explanation of 'Tea Party' Economics.

more...
No comment yet.
Scooped by Blair Lockhart
Scoop.it!

Inequality lurks under facade of prosperity | Bangkok Post: opinion

Inequality lurks under facade of prosperity | Bangkok Post: opinion | IB Economics Regent's Bangkok | Scoop.it
What if the gap between the rich and poor grew and grew in Asia, and no one noticed?
Blair Lockhart's insight:

 "Which nation in Asia is the most 'unequal' when it comes to the Gini coefficient, or index _ a measure of income inequality?" THAILAND!!

more...
Vahagn Ar's comment, February 24, 2013 2:54 AM
Free Market fails
Scooped by Blair Lockhart
Scoop.it!

Population and Economic Growth | MRUniversity

Population and Economic Growth | MRUniversity | IB Economics Regent's Bangkok | Scoop.it
RT @MRevUniversity: How #population affects economic growth http://t.co/ZafN22RL
Blair Lockhart's insight:

Is population growth helpful or detrimental to Economic Growth & Development?

more...
Mi-mi Supriya's comment, February 17, 2013 7:41 AM
This is also what I studied in Geography and in my opinion I think the population growth is helpful to Economic Growth. I agree more to Boserup's Theory which is that 'necessity is the mother of invention'; as demand grows, people come up with new ideas for development and change.
Blair Lockhart's comment, February 17, 2013 7:29 PM
As a New Zealander (population 4 million) I agree with you in general, but I wonder if there comes a point where population grows too large and the costs exceed the benefits. Look at China and the terrible problems they are having now with pollution or the poverty & inequality in India.
Suggested by Tigran Babayan
Scoop.it!

Bedroom tax 'will be disaster for Scotland' | Herald Scotland

Bedroom tax 'will be disaster for Scotland' | Herald Scotland | IB Economics Regent's Bangkok | Scoop.it

Very interesting article about decrease in housing benefits, for people, who have spare rooms in their homes. 

I think that this is little bit too drastic and unfair because it disadvantages people who aren't living permanently at one place.

Blair Lockhart's insight:

Well, citizens of many countries would consider them lucky to have access to government housing and housing benefits.

more...
No comment yet.
Suggested by Levon Ter-Petrosyan
Scoop.it!

Countries with the Highest Inflation Rates

Countries with the Highest Inflation Rates | IB Economics Regent's Bangkok | Scoop.it
List of countries with the highest inflation rates
Blair Lockhart's insight:

You better watch your purchasing power in these countries!

more...
Harut Hakobyan's comment, February 22, 2013 7:48 AM
nice web site... very useful
Scooped by Blair Lockhart
Scoop.it!

Patty Murray Lays Budget Deficit At The Door Of Supply-Side Economics - Huffington Post

Patty Murray Lays Budget Deficit At The Door Of Supply-Side Economics - Huffington Post | IB Economics Regent's Bangkok | Scoop.it
Patty Murray Lays Budget Deficit At The Door Of Supply-Side Economics
Huffington Post
"Our work in the '90s proved that calling on the wealthy to pay their fair share is not incompatible with strong economic growth," Murray said.
Blair Lockhart's insight:

The perils of market-based supply-side policies according to the Dems. Bring back Clinton!

more...
No comment yet.
Scooped by Blair Lockhart
Scoop.it!

The economics behind the Lahore Metro Bus Service - The Express Tribune (blog)

The economics behind the Lahore Metro Bus Service - The Express Tribune (blog) | IB Economics Regent's Bangkok | Scoop.it
The Express Tribune (blog)
The economics behind the Lahore Metro Bus Service
The Express Tribune (blog)
In these hard economic times, under the PPP government, it is Punjab that is the worst performing province.
Blair Lockhart's insight:

Devlopment issues, government spending & privatisation.

more...
No comment yet.
Scooped by Blair Lockhart
Scoop.it!

Real World Economics: Rising meat prices illustrate economic principles - Pioneer Press

Real World Economics: Rising meat prices illustrate economic principles - Pioneer Press | IB Economics Regent's Bangkok | Scoop.it
Real World Economics: Rising meat prices illustrate economic principles
Pioneer Press
It also is an opportunity for economics teachers because the story of the beef price spike is chock-full of examples of economic principles at work.
Blair Lockhart's insight:

The price of hamburgers, supply and marginal cost!

more...
No comment yet.
Scooped by Blair Lockhart
Scoop.it!

Twitter / KennettDems: Trickle-down economics in 1 ...

RT @KennettDems: Trickle-down economics in 1 compelling photo http://t.co/mfoo22Jy
Blair Lockhart's insight:

Trickle-down theory aacording to the rich.

"Trickle-down economics" and "the trickle-down theory" are terms in United States politics to refer to the idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole.

more...
Christophe Lete's comment, February 6, 2013 7:34 AM
This is very socialist. What if the rich decide to get another citizen like Bernard Arnault, then it would be worse for the economy.
Mi-mi Supriya's comment, February 17, 2013 6:58 AM
This might help the economy because the government does gain a lot of revenue from the wealthy businesses and the revunue gain ed could be used to support the poor. I think it depends on the government and the assumption they use.
Blair Lockhart's comment, February 17, 2013 9:07 AM
But generally the very wealthy don't pay much income tax as their money is made from profits and they get out of most of their tax burden by using technical accounting loopholes
Scooped by Blair Lockhart
Scoop.it!

Inflation falls despite minimum wage rise | Bangkok Post: business

Inflation falls despite minimum wage rise | Bangkok Post: business | IB Economics Regent's Bangkok | Scoop.it
Inflation in January eased from a 13-month high in December, indicating last month's nationwide minimum wage rise has made only a limited impact.
Blair Lockhart's insight:

Do you think the strengthening of the Thai Baht is good for the economy? Let us know your thoughts.

more...
Christophe Lete's comment, February 2, 2013 8:35 AM
bad for foreign investment in Thailand? Tourism too maybe?
Tiko Akulian's comment, February 2, 2013 12:19 PM
Check out my profile http://www.scoop.it/t/ib-business-studies-regent-s-bkk --- IB Business Studies
Blair Lockhart's comment, February 2, 2013 7:46 PM
Agree Chris, but it keeps the price of oil low, which is a key input of production. To analyse it fully we'd need to consider the PED of imports and exports. The Marshall/Lerner condition (International section of course) explains this