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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    When Is A “B” Bad?

    Jan 30, 11 • 333 Views • No Comments

    A state would not call a “B” a good grade. The grade is a credit rating that relates to a loan. Triple-A usually means not to worry. On the other hand, a “B” says you might not get paid back. As you know, recently, credit ratings have......  [read more]

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    Toasters and Pencils

    Jan 17, 11 • 334 Views • No Comments

    In this TED talk, a designer explains how he tried to build his own toaster. Deciding to focus on five basic ingredients instead of the 100 he would really need, he describes what happened. For the steel, first he needed iron ore. For the plastic, he went to......  [read more]

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    Solar Panel Comments

    Jan 11, 11 • 323 Views • No Comments

    Sometimes there’s much more behind a solar panel than you would expect. Solar energy was in the news because the U.S. Congress, hoping to support U.S. production, has prohibited the Department of Defense from buying Chinese made solar technology. And......  [read more]

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    Banana Worries

    Jan 9, 11 • 337 Views • No Comments

    The banana could be in trouble. According to a New Yorker article and video, a devastating banana fungus has struck banana plantations in Asia, Australia and the Pacific. We should note, though, that we are referring only to the Cavendish banana. Did you know......  [read more]

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    Doomster or Boomster?

    Jan 6, 11 • 1668 Views • No Comments

    Agree or disagree? “Both the jayhawk and the man eat chickens, but the more jayhawks, the fewer chickens, while the more men, the more chickens.” The quote is from 19th century economist Henry George but it relates to a report from the FAO (Food......  [read more]