Questions tagged [economy]

Questions relating to the politics of economic theory or economic policy of any country or the international community. General economic questions can be asked on Economics.SE https://economics.stackexchange.com/

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4
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1answer
327 views

Are there any US politicians that want to reduce housing prices?

Over the last year, the Federal Reserve has propping up the already historically high housing market by purchasing/backing trillions of dollars of mortgages, preventing a decline in house prices like ...
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Why hasn't Russia or China come up with any system yet to bypass USD?

China urged to tap RCEP trade deal for future digital payments system as US sanctions loom China should consider using digital technology to develop an alternative to the SWIFT financial payments ...
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Why did the proposal for a Common Assets Trust (CAT) not pass the Vermont legislature?

The idea of a common assets trust (CAT) is to hold and manage natural and collectively created assets and pay citizens a dividend from the proceeds. The proposal entered the Vermont legislature twice (...
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3answers
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Why do some governments mandate that companies pay out a 13th salary?

According to Wiki: A thirteenth salary, or end-of-year bonus, is an extra payment given to employees at the end of December. Although the amount of the payment depends on a number of factors, it ...
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2answers
563 views

Has the European Union taken any concrete steps towards reducing its economic dependency on China?

Coronavirus showed in 2020 spring that the European Union has considerable economic dependency on China: Chinese manufacturers and suppliers have shut down factories and offices in an effort to ...
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0answers
141 views

Is any government considering taxing remote work more than “regular” work?

Deutsche Bank proposed a 5% tax for remote work as remote workers enjoy several benefits such as more safety (e.g. from COVID), reduced costs due to less traveling and less socializing. A research ...
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2answers
176 views

Is there a way for the EU except for Hungary and Poland to use Pandemic Relief Funds without approval coming from Hungary and Poland?

According to npr.org, the EU has a hard time passing the EU Budget which contains the pandemic relief funds for hard-hit nations. The European Union's landmark stimulus plan to assist member states ...
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2answers
350 views

Why is active income taxed more than passive income?

In the United States, ordinary wage income is taxed at a much higher rate than capital gains. It changes from year to year but in general the maximum bracket is 35% vs 25%. This is counter intuitive ...
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How to find information about national export distribution discounting input imports?

I'm interested in the export distribution of the state I live in (specifically, it's Israel, but that's not the main point). Now, there's definitely information about world states' distribution of ...
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Can anyone provide historical datasets giving country-by-country ratio of export-agriculture sector to domestic-use-agriculture sector?

Essentially, I want to examine the effect of agricultural commercialization on a number of factors and considered this a good place to start. Does anyone know of any such datasets, preferably ...
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1answer
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Has the permanent membership in UNSC of China (PRC) helped them to attain such a big economy?

Has the permanent membership in UNSC of China (PRC) helped them to attain their big economy? In other words, has the permanent membership of China beneficial to their economic growth and size? In ...
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What US can response to China restriction on rare-earth elements export? [duplicate]

Recently, Nikkei Asian Review posted an interesting article - the main point is that China is preparing restrictions on rare earth metals to countries opposing China. That is treated as Chinese answer ...
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1answer
262 views

How can governments convert informal work into formal work?

In Argentina, it is estimated that about 48% of all work is informal or off-the-books work which is not reported to the government or properly taxed. This hurts the government's tax revenue and can ...
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3answers
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Can a reduction of employer taxation lead to more equal income?

In Argentina, it's usually said that the economic burden on employers is very heavy (just an example). So much so that, if it were lifted, more people would become employed, but I don't quite ...
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6answers
269 views

What is the difference between a business and a government?

During my attempts at elaborating any prior research or analysis, I realized I was answering the question myself. I will post that partial answer below. Nonetheless, one thing which I deliberately do ...
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3answers
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What are the upsides of having a birthright citizenship policy?

I've been reading a lot about the birth tourism issue in Canada lately, but this issue applies to any country with birthright citizenship. From a New York Times article describing the issue: Under ...
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Is US Commerce Department Policy set by Presidential Appointees?

I like the dialogue to orbit the eponymous question and not national security. The current administration has taken a hawkish approach with trade under the guise of national security: https://www.wsj....
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2answers
219 views

What have been Trump's successful policies/reforms? [duplicate]

Honestly, I'm not personally inclined to support Trump because his rhetoric and misinformation tactics rub me the wrong the way, but I make a point to consume centered media as often as I can and I ...
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1answer
169 views

How can wages/income be aligned with social value production?

Many people would argue that nurses provide more value to society than investment bankers*, yet the latter position is paid significantly more than the former. This fact is often lamented. My question ...
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2answers
155 views

Is government actually related to population density?

I have a theory that government is actually the result of population growth. Nevada had 40,000 people in 1900. If 10% of those cared and your family and friends group was 1,000 people, you were 10% of ...
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1answer
272 views

Is “fiscal cynicism” an issue in any Western country?

Local and general elections are coming soon in Romania and there is a debate related to a law discussed by the Romanian Parliament: raising pensions by 40%. The opposition seems to want this to really ...
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2answers
245 views

Why does South Korea invest 4.6% of their GDP in scientific research?

The amounts countries are spending on R&D in PPP$ This link shows that South Korea is the largest spender of R&D in the world in terms of amount. What drives them toward such enormous amount ...
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2answers
298 views

What are reliable indicators of a third world or non developed nation?

Singapore went from third world to first world in ~30 years. So I posit that the reverse is possible too. I want to objectively know if US, as place to live, is on the decline. To that effect, what ...
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What are the positions of the main Latvian parties on Latvian Special Economic Zones?

I recently discovered that Latvia has five Special Economic Zones (SEZs) which have the purpose of assisting regional development by bringing in more foreign direct investment (FDI) and creating more ...
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2answers
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What did Marx mean by “industrial armies”?

The eighth plank of the Communist manifesto (English)(German) refers to the creation of industrieller Armeen. What does this actually mean? What is an "industrieller Armeen" and did it exist ...
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Who did something wrong in 2007-2008 financial crash?

In 2008, U.S. taxpayers spend hundreds of billions of emergency dollars to stabilize the economy. Who specifically did something "wrong" (whether criminal, unethical, or stupid), and what ...
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0answers
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If India imposes similar measures as the USA against China, what would be China's options? [closed]

India is a huge market for Chinese products. Recently, India imposed bans on 59 Chinese mobile apps. Even though Chinese investments are deeply entrenched in India, India is mulling on restricting the ...
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1answer
135 views

Trading on WTO Rules

Many Countries are a member of some Regional Trading Organization, which facilitates trade within a particular continent, or have bilateral trade deals with other Countries. Are there any examples of ...
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2answers
341 views

Do Democrats in general not perform better than Republicans in handling US economy?

In recent US general election polls, I found that despite that Republicans (Trump specifically) are behind in almost all aspects, they are always leading in being trusted in handling US economy over ...
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3answers
2k views

Does anyone gather data on countries by *median* GDP/capita?

Lists of countries by GDP/capita suffer the problem of giving the mean value (i.e. the classical average, total GDP/population). This can lead to countries that have a few fantastically wealthy people ...
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6answers
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Why is using the euro instead of a local currency such a big deal and why is the wealth of the society an argument?

I think this is a question of both economics and politics, but I decided to ask it here. There will soon be elections in Poland. There was a debate about this question: should Poland keep the złoty (...
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1answer
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Do the US and most EU countries effectively have a flat income tax system?

In the US and most EU countries, there is a progressive income tax system. However, income tax is not the only tax and there many other direct and indirect taxes. Almost all other taxes, such as ...
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1answer
120 views

Does the US account for inter-generational equity/imbalances when producing fiscal policy?

There are many studies concerned with how various generations subsidize each other, usually assuming current laws hold for all future generations. Do any government agencies (like CBO, the Treasury, ...
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How does one parse the notion of “systemic racism” in the context of poverty?

One will often read statistics like: "Black Americans are dying from the coronavirus at more than twice the rate of whites." The obvious inference, here, is that blacks have less access to healthcare ...
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1answer
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What are the criteria used by the Government Pension Fund of Norway to add a company to its excluded company list?

Wikipedia provides some general information related to the exclusion of companies on ethical grounds: (..) holds portfolios of real estate and fixed-income investments. Many companies are ...
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7answers
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Do any nations have in place formal mechanisms to “save in good years/spend in bad years”?

One tenet of Keynesian economics is that a government can improve long term economic efficiency, and individual well-being, by deficit spending during recessions. Some examples of that might be: US ...
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10answers
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How do leaders choose between lives and money?

Amid the current pandemic many governments imposed heavy social restrictions in an attempt to flatten the curve and thereby save lives, and those restrictions take their toll on the economies. For ...
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5answers
4k views

What are the consequences if a country decides to selectively cancel debt?

(Not sure if this should be on the Economics SE; however I am interested in both economic & political consequences) Trump threatens new tariffs on China as US mulls retaliatory action over COVID-...
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0answers
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When did politicians begin to refer to “the economy”?

These days most politicians are preoccupied with the economy and economic growth. Famously, Bill Clinton's campaign strategist James Carville coined the term "the economy, stupid" in 1992. But ...
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3answers
333 views

Is it possible to have a centrally planned economy with a democratic government?

Imagine a country with a centrally planned economy. Manufacturing, power generation, construction, industrial agriculture, transportation, Internet connection, cellular service, the entire healthcare ...
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1answer
135 views

Why didn't the Thai government decide to enforce a COVID-19-related automated stay extension longer than 1 month?

As a result of COVID-19-related travel restrictions, the Thai government decided on April 7 to allow an automated visa extension till the 30th of April 2020. Why didn't the Thai government decide to ...
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2answers
125 views

What steps has Saudi Arabia taken to diversify its economy?

It is now almost four years since then Deputy Crown Prince Mohammed bin Salman announced his "Saudi Vision 2030" plan, a key theme of which was to provide the country with a "thriving economy" by "...
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1answer
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Rand Paul coronavirus vote record

I've seen mentioned in an article from March that: Earlier this month, [Rand] Paul, a licensed physician, voted against a bipartisan $8 billion emergency coronavirus funding bill. He was the sole ...
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Why did some US institutions not migrate their very old software systems to use somewhat newer ones?

This article shows us that some US institutions rely on very old systems (written decades ago, which is very long in IT time perspective): New Jersey Gov. Phil Murphy says that the state is looking ...
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0answers
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What are the implications of the Bank of England directly financing government spending?

HM Treasury has announced this morning (April 9th) that the UK has temporarily extended the Ways and Means facility (the government's overdraft with the BoE) in order to fund the fight against the ...
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4answers
180 views

Is the correlation between the economy and US political outcomes weakening?

I have heard about the saying “It’s the economy stupid”, but I’m not sure about how true it is now. Let’s use Trump’s approval as an example. Even though there is a “rally around the flag effect” ...
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9answers
6k views

Why is the lack of seasonal agricultural workers considered a problem given the high unemployment rate in every Western country?

Currently farmers in Western countries are warning governments that without foreign workers their fields will be impossible to harvest: “We are in need of a lot of foreign workers,” Eystein Ruud, a ...
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2answers
314 views

Can the U.S. president increase toilet paper supplies?

I saw a recent news article about President Trump, forcing car makers to make ventilators. In the US there also a significant shortage of toilet paper, which seem to be a supply and demand problem. ...
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8answers
7k views

Have any countries that are currently in lockdown published a detailed long-term exit plan?

Currently almost every country around the world is in a state of lockdown. However all of them seem to be in a state of 'indefinite' lockdown, with no long-term plan published anywhere. Has any ...
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Can the European Central Bank “print money” to partially mitigate the economical effects of the coronavirus infection spreading?

SARS-CoV-2 infection managed to bring a significant part of the economy to a halt and it is expected for lots of companies to have cash flows problems (e.g. impossible to pay the suppliers). I have ...

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