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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    More Oil Dilemmas

    Jun 27, 11 • 458 Views • No Comments

    The recent International Energy Agency (IEA) announcement is about a lot more than a tank of gas. Everyday, for 30 days, 2 million barrels of oil will be released from strategic petroleum reserves (SPRs). The U.S. will be responsible for half of the 60......  [read more]

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    A New Drachma?

    Jun 23, 11 • 564 Views • No Comments

    According to a 2002 BBC report, Greece was the least prepared to make the switch to the euro in 2002. During the transition only 1/6 of all businesses in Greece had received their euros. Now, Greece remains a dysfunctional euro nation. Can it leave? Not......  [read more]

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    Where Did Your Tuna Fish Come From?

    Jun 22, 11 • 347 Views • No Comments

    The tuna you had for lunch might have been caught in the Pacific, processed and canned in Thailand, and flown to a Wal-Mart warehouse in the U.S. Concerned about monitoring quality, a recent report from the Food and Drug Administration (FDA) tells us that......  [read more]

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    Israeli Cottage Cheese Boycott

    Jun 21, 11 • 531 Views • No Comments

    News articles say that the Israelis are “cheesed off” and “curdled.” Angered by the soaring price of cottage cheese, a Facebook consumer group of 70,000 friends has agreed to stop buying it on July 1. The headline on the boycott page......  [read more]

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    Euro-Zone Rates

    Jun 17, 11 • 520 Views • No Comments

    Please match each of the following countries with its unemployment rate and borrowing rate: Countries: Germany, Greece, Ireland; and the U.S. and the U.K. Unemployment rates: 9.1%, 7.7%, 7%, 15.9%, 14.8% 2-year bond rates: .5%, 4.5%, 1.75%, 29.69%, 12.95% The......  [read more]