International Trade and Finance

First explained by David Ricardo through comparative advantage, international trade and finance expands worldwide efficiency and productivity. Econlife looks at international trade to see its impact through goods and services, trade balances, trade barriers like tariffs and quotas and subsidies.

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    Helpful Acronyms

    May 30, 11 • 461 Views • No Comments

    Reading about the potential contagion of Greece’s debt problems, I discovered STUPID in Schott’s Vocab, a NY Times blog about words and phrases. Schott quoted Reuters Breakingviews, “The new acronym on trading floors for possible dominoes if......  [read more]

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    Road Building Results

    May 29, 11 • 382 Views • No Comments

    If extra road mileage is built, would you predict more or less traffic? The WSJ tells us that more roads led to additional driving from local residents, commercial traffic and people moving to the area. Public transportation did not influence driving......  [read more]

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    Too Big To Fail

    May 25, 11 • 393 Views • No Comments

    The HBO documentary, “Too Big To Fail” was excellent. But what to come away with? TBTF (Too Big To Fail) solves problems and it creates them. TBTF can reverse a confidence crisis. When the world is worried that the failure of a large bank will......  [read more]

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    Trade Deals

    May 21, 11 • 396 Views • No Comments

    What if Mr. Jones, an assembly line worker, lost his job because of low cost imports? And, what if Mrs. Smith, a travel agent, also is unemployed but the reason is online firms like Expedia?  Princeton economist Uwe Reinhardt asks us why Congress is......  [read more]

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    Population Pyramids

    May 20, 11 • 519 Views • No Comments

    These graphics are wonderful! Shaped sort of like a triangle because the elderly population is so small, this population pyramid for Egypt illustrates a youth bulge of men and women who are 15 to 29. The “bulge” represents 28% of the......  [read more]