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Questions relating to economic theory or economic policy of any country or the international community.

0
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2answers
67 views

How is innovation measured in private-public partnerships?

It is great that governments invest in innovation and research. Specifically in research done by private public partnerships, they do a lot of controlling to track budget, but how do they measure the ...
1
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1answer
47 views

For a provincial election, how long after the voting are the results given out in Canada?

What are the timings for provincial elections in Canada. If the elections conclude at say, 7pm today, when will the results be declared? And how long after the results do the winning candidates ...
8
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2answers
840 views

Is Venezuela an example of socialism?

I've been hearing a lot about Venezuela in the news lately. And it seems there is a big debate over whether it was socialism or not, or whether it was implemented properly. Is it safe to assume that ...
5
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5answers
360 views

How long would it take to pay off the U.S. national debt if new deficits were eliminated?

If Congress stopped borrowing money, how long would it take to pay off the national debt? My question assumes—perhaps incorrectly?—that every dollar the Federal government owes must be paid back on ...
49
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4answers
16k views

Why has Venezuela's economy collapsed when Cuba's has not?

Cuba and Venezuela seem to share a lot in common. Both are effectively Socialist dictatorships. Cuba's government has been Communist for many years, while Venezuela has been socialist for much less. ...
1
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0answers
105 views

Is the world economy highly-dependent on the United States of America? [migrated]

How dependent is the economy of the world on the United States? Can US policies have disastrous impacts on other superpowers in the world such as Germany? For example, take into account countries ...
7
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0answers
67 views

Land reform in Guatemala

Recently, after attending to a conference with some Guatemalan politicians, I began to take interest in this country's socio-economical issues, in particular with regard to land. I that in the 1950s ...
1
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2answers
175 views

Is anti-corruption initiative 'sometimes' detrimental to the economy? [closed]

Can it ever happen that an anti-corruption drive which leads to government action becomes detrimental to the economy? Is there any example?
7
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3answers
202 views

Does tax amnesty have any benefit except for potentially uncovering undeclared wealth?

Reading the Wikipedia article about the tax amnesty, my understanding is that the main benefit of a tax amnesty is to encourage individuals to declare their wealth: Introduction of Amnesty scheme ...
6
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1answer
206 views

Is the public generally aware of lagged effects of economic policies?

New governments attributing to themselves economic success without paying any respect to lagged effects of economic policies of previous governments are probably as old as politics. (Exactly the same ...
20
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3answers
5k views

Did Germany profit from the (third) Greek bailout?

From an article published in June 2018 on thelocal.de: Berlin has been one of the main lenders to Greece during its debt crisis. While conservative parties warned that supporting Greece would come ...
1
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0answers
59 views

What's the German or EU view on the definition of currency manipulation?

The US has a statutory definition of currency manipulation; while some US economists don't quite agree with the legal definition, nevertheless the topic is fairly widely discussed in the US in ...
2
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2answers
211 views

Did the Greek economy contract more than Syria's in the past decade?

From a BBC article: According to the International Monetary Fund (IMF), only four countries have shrunk economically more than Greece in the past decade: Yemen, Libya, Venezuela and Equatorial ...
4
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4answers
419 views

How come no bank chiefs in the US & UK went to prison for the financial crash of 2008?

This story by Forbes points that the only bank chiefs in the financial crisis that engulfed the Western world in 2007/8 were from Iceland: This is where the worlds only bank chiefs imprisoned in ...
3
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2answers
748 views

Why is Turkish Lira sliding?

What is the fundamental reason that Turkish Lira is tumbling down during the last few months? Kindly, explain in layman's terms and in short.
6
votes
1answer
191 views

“Everything But Arms” and migrants

A common trope in Europe is that the European Union, by means of exploitation and stiff tariffs, keeps the African economy down, thereby forcing economic migrants to leave home for Europe. However, ...
8
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4answers
1k views

Why couldn't Russia grow its economy as fast as China did?

Russia has a population comparable to Japan. But, the size of its GDP is below South Korea. Why couldn't Russia grow its economy as fast as China did? What factors prevented Russia from becoming an ...
6
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1answer
299 views

Did IMF grant a loan with no (reform) conditions to Romania in 2009?

I've been looking at some of the more recent IMF loans and the Wikipedia description of the one given to Romania appears to imply no reform conditions were attached to the loan: While in January ...
5
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1answer
247 views

Why do countries almost always oppose IMF's proposed reforms?

Dhaka to oppose reforms to IMF debt limits policy Mugabe dumps IMF reforms, vows to keep price control Greece opposed to IMF demands on labor reforms Between a rock and a hard place: Tunisia and the ...
1
vote
1answer
60 views

Do any states within the U.S. plan to introduce legislation which would enable a deduction similar to the Qualified Business Income (QBI) deduction?

I understand that the Qualified Business Income deduction, introduced into law by the Tax Cuts and Job Act of 2017, is applicable at the federal level as a 20% deduction of qualified business income ...
9
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5answers
648 views

Is there a stated goal in the US “Trade War”?

I'll call it a Trade War, because I don't know that there is a more appropriate phrase. Initially I understood the administration's goal was to stimulate US producers to be more productive, so as to ...
-1
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2answers
224 views

Where can I find a scatter plot of welfare spending vs. immigrant rate?

Where can I find a scatter plot of welfare spending (per capita, % of spending, or % of GDP) vs. immigrant rate (per capita, or % of population)? By state or by country would be fine. I tried to ...
6
votes
3answers
351 views

Any problems with zero corporate income tax?

Larry Kudlow (who is currently Trump's National Economic Council director) had proposed in 2014 zero corporate income tax, arguing that Readers know that corporate tax reform is my single-favorite ...
-4
votes
1answer
186 views

Why don't people who are upset about economic inequality donate to the poor?

The middle-class American often moans about economic inequality, but there's another aspect to the same issue as well: yes, the middle-class American makes far less than Donald Trump or Bill Gates, ...
5
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4answers
968 views

How to avoid the “race to the bottom”?

When talking about "trickle-down economics" (or supply-side economics, to use the correct, but lesser known term), one of the main criticism points is that it may work when only a few countries ...
4
votes
1answer
250 views

Macron's “lead climbers” (vs. trickle down)

Are there more details on Macron's vision of how tax cuts will positively affect (French) society? I found a story from last year his rejection of the well-known “trickle-down” economics narrative, ...
1
vote
1answer
136 views

Which position in Russia is more powerful in the field of economy?

Which position in Russia is more powerful in the field of the economy: Chairman of the Accounts Chamber Minister of Finance and why?
5
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0answers
111 views

Are counter-tariffs to the Trump tariffs going through the WTO?

Under WTO rules there is a dispute settlement process which WTO member states are expected to go through to settle trade disputes. Trump has sidestepped this process by declaring the steel and ...
1
vote
1answer
283 views

How do you explain the change in population ratio of Germany vs. Switzerland since 1945?

When you read newspapers nowadays, you'd get the opinion that the economy in Germany is doing "great". However, when I plot the population development in Germany vs. Switzerland, I get a very ...
3
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3answers
179 views

Can IMF encourage countries to Democracy in exchange of loans?

In conclusion of this paper it is mentioned that: There is a robust and positive relationship between democracy and economic growth We know that, the final goal of IMF is to establishing peace, ...
4
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0answers
109 views

What are the potential negative outcomes of US strategy against Iran? [closed]

The current US administration has a clear strategy with respect to Iran: maximum economic sanctions in lieu of the previous nuclear deal. But, what are the potential negative outcomes of this policy ...
3
votes
1answer
165 views

Trump's pre-election claims. How many are in progress? [closed]

Trump's pre-election company was bright. There were big pre-election claims: breaking disadvantageous deals wall on Mexican border removing 'Obamacare' moving embassy to Jerusalem new workplaces for ...
1
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0answers
77 views

Why did UK have lax checks on the source of the money coming into the country?

According to this article checks on the source of the money coming into Britain were very lax, thus (at least theoretically) allowing for money laundering: For seven years from 2008, checks on the ...
5
votes
1answer
128 views

Were there any impact estimations performed before making tariffs changes?

Where I live I often hear local media arguing that some legislative changes are performed without impact assessment (this includes both political and economical actors). From a layman's perspective, ...
16
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3answers
5k views

What reasons do pro-trade politicians use to justify retaliatory tariffs?

The general "neoliberal" position towards trade is that it benefits both sides and low tariffs/subsidies are beneficial. This has been the dominant trend in wealthy nations for the last thirty plus ...
56
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3answers
12k views

What is Canada's case for applying tariffs on US dairy?

Donald Trump has been making a lot of noise the past few days about Canada's protection of its dairy industry, and cites that practice as the justification for the steel and aluminum tariffs he has ...
13
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2answers
3k views

Why are sugar subsidies so prevalent in spite of their apparent issues?

According to this article there seem to be lots of countries that subsidy sugar production: Pakistan struggles to export sugar surplus as global prices plunge Morocco sees sharp rise in ...
2
votes
1answer
126 views

What political actions (if any) in the US caused this stock market stagnation? [closed]

I am looking at the stock market, and there's a clear point where things started declining and then stagnating. What was the cause for this point? Was it political? I don't remember hearing about any ...
0
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0answers
61 views

Why is Stability and Growth Pact still maintained?

According to Wikipedia article about Stability and Growth Pact there are many issues related to its implementation: unenforceable against big countries weakened in 2005 to waive France's and Germany'...
1
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3answers
405 views

USA Politicians to shut down the Federal Reserve

The American Federal Reserve has some criticism According to Wikipedia: Critique of the organization and system has come from sources such as writers, journalists, economists, and financial ...
4
votes
2answers
240 views

What is the justification of imposing higher minimum salary for foreign workers than for the local ones?

According to this article and this one, the minimum monthly salary for foreign workers in Romania is significantly larger than the minimum one for local workers: Effective January 6, 2018, the ...
4
votes
5answers
426 views

If Jim, a random citizen, owes TD Bank $300,000 for his house mortgage, is this added to the U.S. national debt?

According to Wikipedia: National debt consists of two components. The first is Debt held by the public, such as Treasury securities held by investors outside the federal government, including ...
4
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3answers
269 views

How did Poland and Hungary manage to take over (nationalize) mandatory private pensions without breaking private property right?

Mandatory private pensions are still in focus in Romania after the Government thought about suspending contributions to them: The Government may suspend the contributions to mandatory private ...
38
votes
3answers
8k views

What was Eisenhower's warning about?

Eisenhower in his farewell address warned the American people about the United States Military Industrial Complex and its emerging power. According to Wikipedia The US spends more on the military ...
88
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10answers
25k views

Why is Globalisation so disdained?

From what I can tell via the definition of the word on Google, Globalisation seems like a fairly reasonable course of action. Trade makes everyone better off in the long run, and it isn't as if we ...
6
votes
1answer
326 views

Can tiny territories expect to survive upon independence?

There are several French territories which request1 independence: Corsica, New Caledonia, Guiana (among others). Putting aside the actual backing of the majority of local population (which these ...
2
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3answers
158 views

Why is donation related taxation significantly smaller than inheritance taxation?

Note: this is related to this question Inheritance tax seems to vary very much from one state/country to another and where I live is virtually nonexistent (you pay 1% only if inheritance is disputed ...
2
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0answers
72 views

What would be the social and political consequences if a major country decided to prohibit driverless cars? [closed]

In the news, there's been talk of countries banning petrol and diesel cars by 2030-2040, but what if a major country - say for example; Canada, United Kingdom, Spain, Italy and South Africa; decided ...
12
votes
1answer
2k views

Why does EU seem to disfavor e-books when compared to physical books?

According to this article EU court decided that e-books should not benefit from tax reductions that are applied to physical books: E-books must be subject to the full rate of value-added tax (VAT), ...
10
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2answers
2k views

What are the main reasons for capping interest rates in Spain?

Romanian Parliament is trying to adopt a law to cap the interest rates for all loans: According to the form adopted by the Senate’s committees, the annual effective interest rate, also known as ...