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SSSC Politics Economics
Articles on Economics for VCE Global Politics
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How Trump’s Trade War Went From 18 Products to 10,000 - The New York Times

How Trump’s Trade War Went From 18 Products to 10,000 - The New York Times | SSSC Politics Economics | Scoop.it
The battle began when the United States imposed tariffs on solar panels and washing machines. It has led to a global tit-for-tat targeting billions of dollars of goods.
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Greek Debt Crisis: Summary, Explanation of Latest News

Greek Debt Crisis: Summary, Explanation of Latest News | SSSC Politics Economics | Scoop.it
Greek parliament agreed on new austerity measures.
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Our Broken Economy, in One Simple Chart

Our Broken Economy, in One Simple Chart | SSSC Politics Economics | Scoop.it
This chart captures the rise in inequality better than any other chart that I’ve seen.
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Wal-Mart, thwarted by India's retail restrictions, goes big: wholesale

Wal-Mart, thwarted by India's retail restrictions, goes big: wholesale | SSSC Politics Economics | Scoop.it
Two years after scrapping plans to open retail stores across the world's second-biggest consumer market, Wal-Mart is recommitting to India as a wholesaler.
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Why the deal to pay Brazil $300 million just to keep U.S. cotton subsidies is bad for the WTO, poor countries, and U.S. taxpayers

Why the deal to pay Brazil $300 million just to keep U.S. cotton subsidies is bad for the WTO, poor countries, and U.S. taxpayers | SSSC Politics Economics | Scoop.it
The U.S. pays off Brazil with a $300 million settlement just to keep violating WTO rules and subsidize its cotton farmers.
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How the euro caused the Greek crisis

Greece is in a state of economic and financial crisis that's dominated global headlines this week. Vox's Matt Yglesias explains the real roots of the crisis....
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The austerity delusion | Paul Krugman

The austerity delusion | Paul Krugman | SSSC Politics Economics | Scoop.it
The long read: The case for cuts was a lie. Why does Britain still believe it?
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IMF's hindsight says it was right to advocate QE in the eurozone

IMF's hindsight says it was right to advocate QE in the eurozone | SSSC Politics Economics | Scoop.it
An important International Monetary Fund paper looks at how the eurozone should have responded to the problems that affected five of its members
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This striking diagram will change how you look at the world economy

USA is number one, by a long shot.
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Rising China and America in terminal decline: TPP could change that story

Rising China and America in terminal decline: TPP could change that story | SSSC Politics Economics | Scoop.it
The Trans-Pacific Partnership has been roundly criticised, but in the face of China’s rise, it might just signal the reassertion of American power.
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Why everyone is so keen to agree new trade deals

Why everyone is so keen to agree new trade deals | SSSC Politics Economics | Scoop.it
GLOBAL trade talks would be great if only they worked. Multilateral deals mean common standards and lower barriers for all, but the Doha round, launched by the World...
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U.S. Allies Sign Sweeping Trade Deal in Challenge to Trump - The New York Times

U.S. Allies Sign Sweeping Trade Deal in Challenge to Trump - The New York Times | SSSC Politics Economics | Scoop.it
Eleven countries signed a slimmed-down version of the Trans-Pacific Partnership as they try to counter Washington’s new protectionism.
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The $78 trillion free lunch

The $78 trillion free lunch | SSSC Politics Economics | Scoop.it
A HUNDRED-DOLLAR BILL is lying on the ground. An economist walks past it. A friend asks the economist: “Didn’t you see the money there?” The economist replies: “I thought I saw something, but I must have imagined it. If there had been $100 on the ground, someone would have picked it up.”If something seems too good to be true, it probably is not actually true. But occasionally it is. Michael Clemens, an economist at the Centre for Global Development, an anti-poverty think-tank in Washington, DC, argues that there are “trillion-dollar bills on the sidewalk”.
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Greece has three weeks to deal with 'potentially disastrous' debt

Greece has three weeks to deal with 'potentially disastrous' debt | SSSC Politics Economics | Scoop.it
Failure of Greece and the EU to reach compromise by 20 February ‘would bring back Grexit with a vengeance’
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Apple ordered to pay Ireland over $19 billion in back taxes, European Commission rules

Apple ordered to pay Ireland over $19 billion in back taxes, European Commission rules | SSSC Politics Economics | Scoop.it
Ireland disagrees profoundly with the European Commission's ruling against its tax dealings with Apple Inc, Finance Minister Michael Noonan said on Tuesday ahea
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If Walmart Paid Its Employees a Living Wage, How Much Would Prices Go Up?

READ MORE: http://slate.me/1j6hRyo In the series "The Secret Life of a Food Stamp," Marketplace reporter Krissy Clark traces how big-box stores make billions...
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The TPP, The WTO, The 21st Century Global Trade Mess And The Poverty Of Nations - Forbes

The TPP, The WTO, The 21st Century Global Trade Mess And The Poverty Of Nations - Forbes | SSSC Politics Economics | Scoop.it
Here we are in 2015 and the global trade agenda is in a total mess. The 20th anniversary of the establishment of the WTO marks a narrative littered with missed deadlines, disappointments, and failed negotiations. The Doha Development Round is dead and has been for some time even though officially [...]
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The dotted line: trade in the Pacific

The dotted line: trade in the Pacific | SSSC Politics Economics | Scoop.it
In Auckland this morning, representatives of a dozen countries spanning four continents signed the Trans-Pacific Partnership, an ambitious free-trade agreement long in the negotiation. The 12 include America and Japan, the world’s biggest and third-biggest economies in nominal terms, and together account for about 40% of the global economy. For Barack Obama’s administration, TPP has become an important part of its “rebalance” towards Asia and the Pacific—a symbol of how America, not China, can still set the rules. Celebrations, however, will be tempered by the difficulties ahead. The deal is opposed by both anti-globalisation campaigners and powerful lobbies. Signature is a prelude in several countries to arduous domestic ratification processes, notably in America. This week the White House urged Congress not to delay. But it already seems too late for passage before November’s presidential and congressional elections. So TPP’s fate may hinge on American voters.
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Douglass North and the Trans-Pacific Partnership

Douglass North and the Trans-Pacific Partnership | SSSC Politics Economics | Scoop.it
Just as in football, we now have the opportunity to sign up for this TPP code which is a less-than-perfect fit with the way we would like to play. One strong incentive to sign is that this is the 'only game in town', at least at the moment. If we don't join, the TPP partners will be off playing with their own set of rules, including some which divert trade away from us
Glenn Morris's insight:

Great short discussion on the TPP

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What the most controversial part of Obama's trade deal really does

The most controversial part of the Trans-Pacific Partnership comes in the investment chapter and carries a deceptively dull name: investor-state dispute settlement, or ISDS.
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Sovereign doubts

Sovereign doubts | SSSC Politics Economics | Scoop.it
ECONOMISTS are an argumentative bunch. Yet before the crisis most found common ground in the notion that fiscal stimulus was an obsolete relic. Monetary policy...
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The 50,000 mile journey of Wimbledon's tennis balls

The 50,000 mile journey of Wimbledon's tennis balls | SSSC Politics Economics | Scoop.it
The tennis balls used at Wimbledon have travelled 50,570 miles around the world before they land on Andy Murray’s racket on Centre Court.

 
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I, Pencil: The Movie - YouTube

A film from the Competitive Enterprise Institute, adapted from the 1958 essay by Leonard E. Read. For more about I, Pencil, visit http://www.ipencilmovie.org
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