Archive for the ‘Economic growth’ Category

Stimulus Response   Leave a comment

Stimulus ResponseLink: https://www.npr.org/sections/money/2018/02/14/585844313/stimulus-response

Summary: What would a liberal economist say about the state of America’s economy today? THE INDICATOR discusses how the country’s economy may need some form of stimulus to boost further economic growth.  However, would the benefits of the short run stimulus for the economy that we say we need, outweigh the cost of the long-term tax cuts?

Original Air Date: February 14, 2018

Length: 6 minutes 30 seconds

The Rise and Fall and Rise of Oil Prices   Leave a comment

Oil pricesLink: https://www.npr.org/sections/money/2018/01/19/579231506/therise-and-fall-and-rise-of-oil-prices

Summary: Oil prices have been fluctuating over the years, but when there is a price increase, many people may experience increases in the price of gas, heating, or a flight ticket back home as well. With the volatility of oil prices, what does this mean for determining future prices of oil and will these prices ever stabilize?

Original Air Date: January 19, 2018

Length: 7 minutes 4 seconds

Weed GDP   Leave a comment

Weed GDPLink: https://www.npr.org/sections/money/2018/01/30/581923542/weed-gdp

Summary: Ever wonder what goods and services contributes significantly to a country’s economy? GDP is the basic measure that does just that and, in this podcast, the director general of Statistics Canada goes on a journey to determine the figures that represent marijuana’s contribution to Canada’s GDP to see the economic effects of marijuana legalization within the country.

Original Air Date: January 30, 2018

Length: 6 minutes 4 seconds

Melinda Gates on balancing the burden of unpaid work   Leave a comment

melindaLink: http://www.marketplace.org/2016/03/21/world/melinda-gates

Summary: Work around the house and for the family is unpaid work  and mostly done by women. This reduces their labor force participation and ultimately hurts the GDP of a country. Melinda Gates suggests reducing the work through innovation for the developing countries and redistributing the work amongst partners for developed countries. Higher levels of equity between the sexes will contribute to a stronger social fabric and economy.

Original Air Date: March 23, 2016

Length: 8 minutes and 29 seconds

When it comes to immigration, family ties may no longer bind   Leave a comment

Screenshot-2017-10-30 When it comes to immigration, family ties may no longer bindLink: https://www.marketplace.org/2017/10/09/economy/when-it-comes-immigration-family-ties-may-no-longer-bind

Summary: A large percentage of immigrants move to the United States because they are related to someone who is an American citizen. Whereas, a smaller portion of immigrants come from workers who get visas because they have some needed skill in the workforce. In this podcast, Marketplace considers how a country can find a balanced policy in immigration reform. If immigration is too limited for the labor market, employers lose the number of unskilled workers that they may need for the success of their companies.

Original Air Date: October 9, 2017

Length: 2 minutes 7 seconds

 

The latest jobs report reveals hurricanes Harvey, Irma’s economic costs   Leave a comment

Screenshot-2017-10-30 The latest jobs report reveals hurricanes Harvey, Irma_s economic costsLink: https://www.marketplace.org/2017/10/06/economy/weekly-wrap/latest-jobs-report-reveals-hurricanes-harvey-irma-s-economic-costs

Summary: With significant damages caused by two major hurricanes that recently took place, it is no surprise that the road to recovery will be a long and an expensive one for the affected areas. This podcast considers the statements of President Trump and his stance on Puerto Rico’s debt, as well as Janet Yellen’s view on regulation. In addition, consider concerns whether the financial system of the U.S. itself has been stable and transparent.

Original Air Date: October 6, 2017

Length: 5 minutes 53 seconds

North Korea’s Capitalists   Leave a comment

This photo taken on July 28, 2013 shows customers shopping at a supermarket in Pyongyang. Chinese yuan, US dollars, euros and tea bags. Money can come in many forms in North Korea, but as a foreign visitor you'll probably never even see a local banknote, let alone use one. AFP PHOTO / Ed Jones (Photo credit should read Ed Jones/AFP/Getty Images)Link: http://www.npr.org/sections/money/2017/10/13/557645729/episode-800-north-koreas-capitalists?utm_term=nprnews&utm_content=bufferffd48&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Summary: Learn about a little group in North Korea, called the ‘donju.’ The economic prosperity that they developed went on to support the country’s nuclear program and contributed to the growth of their economy. This was all made possible when Kim Jong Un began allowing consultants from overseas to educate  North Korean entrepreneurs on accounting, trade, and management. They did this without daring to actually call it a spread of capitalism, as North Korea still remains a strict socialist country.

Original Air Date: October 13, 2017

Length: 24 minutes 25 seconds

Discussion prompt (1): Having listened to this podcast, what type of economic system do you think North Korea has? What impact do you think this system has on people, businesses and the government. Use specific examples from the podcast to support your answer.

Discussion Prompt (2): The podcast points out that in N Korea’s economic system “the state technically owns everything.” How does this impact the ‘Donju’?  Think particularly how it impacts the incentives they face to start and grow a business (contributing to economic development).

Discussion Prompt (3): Why would entrepreneurship not be something typically observed in a Centrally Planned/Socialist country? How are the economic incentives of this system related to this lack of entrepreneurship? According to this podcast, how did the economic actions of the Donju contribute to economic growth in N. Korea?