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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5answers
1k views

Why would low-skilled British workers go to Sydney and Melbourne (in large numbers)?

News from earlier this month The Australian government has turned down the UK’s offer of a post-Brexit trade agreement that included visa-free work and travel between the two countries. Trade ...
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1answer
221 views

Would policies that forced millionaires and billionaires to inject significant amounts of their wealth back into the economy cause inflation?

By my knowledge of the current situation, the majority of the wealth in many countries is held by a few individuals with incredible amounts of wealth. Much of it is in the form of stock options and ...
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1answer
358 views

Is Bill Gates correct about Warren's tax plan? [closed]

In an interview Gates said: When you say I should pay $100 billion then I'm starting to do a little math about what I have... leftovers Turned out it was a joke, as he added "Just kidding". But ...
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0answers
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Are there past examples of China commiting to and then managing to boost its imports by dozens of billions of dollars?

In the recently announced US-China [mini]deal China has pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules. I'm curious how realistic is the first ...
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1answer
449 views

Iran threatening to attack Dubai

Hours ago Iran had threatened to attack Dubai, referring to Dubai as "America's leg" because of our U.S. owned oil businesses and shipments there. When Iran threatened to attack U.S. troops or ...
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2answers
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What are the metrics of globalisation?

This article from the World Economic Forum looks at various stages proceeding globalisation and uses one metric of exports as % of global GDP to determine how 'globalised' the world is. I was ...
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0answers
158 views

Is there any credible attempt to analyze how cost savings from standardizing healthcare could compensate for extending it to universal system?

A big democratic talking point lately have been switching to a more universal health care system, which republicans obviously are opposed to due to the increased cost. However, It's well known that ...
48
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13answers
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What are the downsides of being a debt-free country (no foreign national debt)?

I was only a child when the Romanian dictator, Ceaușescu announced that all of the country's foreign debt had been paid: Romanian leader Nicolae Ceausescu announced this week that his country, ...
2
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1answer
185 views

How much does economy affect the US presidential election?

I have read that the US presidential election is influenced by the economy because independents are more likely to vote for a candidate if they got better stock returns. How big of an impact is this ...
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1answer
124 views

Should politicians be educated in the field of economics? [closed]

I'm not sure if this goes on this exchange, or perhaps the economic exchange. I could move it if you guys want. Anyway, Should politicians, mainly presidents/prime ministers be heavily educated in ...
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Why is the current state of the economy used to judge a president over their impact on growth?

I've noticed that Donald Trump will often cite the current value of stock market indices, the current unemployment rate, the current number of people working in the US, and even the current GDP value, ...
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How does the credit rating of a country affect its populace?

I am coming from a UK perspective; we lost our AAA credit rating in 2013, and dropped again in 2017 after the referendum on European Union membership. It was reported last week that we are set to be ...
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0answers
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Quantitative study of time between signature and ratification of multilateral economic treaties

Does anyone know of a good quantitative study of economic multilateral treaties that specifically looks at how much time passes between the date of signature and date of ratification/accession? I have ...
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4answers
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Why would a small country invest to reduce their greenhouse gas emissions, rather than adaptation to global warming?

Quick summary of premises of this question: There's major anthropogenic global warming going on, and predictions say it will accelerate the next 50 years if global and radical action is not taken ...
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3answers
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Why does Rome municipality seem to have a hard time maintaining the city?

I have recently visited Rome for about a week and the city looks as if the municipality has serious issues maintaining the city. Many monuments are well maintained, the public transportation is quite ...
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2answers
209 views

How much money would legalizing marijuana (both state and federally) save the US goverment on average?

One of the arguments for legalizing of marijuana is that it is suppose to save a significant amount of money spent in enforcing laws against the crime. Some of the cited supposed savings are: Not ...
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2answers
217 views

Are there polls on US public support for a wealth tax?

Various Democratic candidates, including Warren and Sanders have proposed a wealth tax. Details differ between these plans, of course, but are there any polls on US public acceptance of a wealth tax ...
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1answer
61 views

Has the Thai government taken a position on the strength of the Thai Baht?

According to CNBC in late July 2019 The Thai baht has soared against the U.S. dollar this year, significantly more than many other emerging market currencies. [...] “Policymakers and ...
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2answers
124 views

Are (or were) US companies involved in exploiting the Kurdish-controlled oil fields in Syria?

Trump said recently about the oil fields in the Kurdish controlled area of Syria: We’ve secured the oil. If you remember, I didn’t want to go into Iraq. I was a civilian, so I had no power over it. ...
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0answers
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Did anything come out the proposal(s) to buy back taxi licenses in France?

France24 reported in 2016 that there were several proposed schemes to buy out the (still) transferable taxi licenses. Cost was apparently a problem though: In a “roadmap” presented to taxi ...
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1answer
39 views

Is there a consistent difference in economic policies between Iranian principlists and reformists?

While reformists and principlists/conservatives in Iran are often contrasted in terms of their social views, is there a consistent distinction between the groups in terms of economic policies they ...
5
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2answers
341 views

Why is Argentina in a near-perpetual economic and/or financial crisis?

I might be getting the wrong impression but Argentina seems to be in a perennial or at least often repeated sequence of economic and/or financial crises. Just the latest: the country is in a deep ...
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2answers
187 views

How big is the total bailout (“trade aid”) that Trump gave to US farmers since the trade war began?

News from 2018 mentioned $12B: [07/24/2018] Agriculture Secretary Sonny Perdue on Tuesday unveiled a three-part, $12 billion plan to ease the sting of retaliatory tariffs on U.S. farmers through a ...
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Has there ever been a true instance of unregulated capitalism?

Has there ever been any place that used unregulated capitalism? No regulations. No restrictions. No government interference.
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5answers
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How can Germany increase investments in Russia while EU economic sanctions against Russia are still in place?

According to Wikipedia EU economical sanctions against Russia are still in place: The sanctions by the European Union and United States continue to be in effect as of May 2019. In July 2018, the ...
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1answer
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Have the EU countries been diverging economically for the past two decades, despite rules convergence?

By divergence or convergence I don't mean in terms of rules, they clearly have been trying to converge in those terms. But was that fast enough to translate into economic convergence? I mean, have the ...
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2answers
245 views

What is the best way to implement the top solution to climate change politically? [closed]

Please don't answer without citing scientific research which has a general consensus or article from a reputable source based on verifiable research citations. I recently read this article about a ...
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3answers
195 views

Could a government's standing military forces be entirely hired away by private interests? [closed]

Say, for example, a corporation obtains enough money to pay all the military (which isn't hard- investment banks manage trillions, the military salaries are a fraction of that). Then, the military ...
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1answer
170 views

How is the US-China trade war viewed in Australia?

A pretty good question on econ.SE has highlighted the close relationship between the Australian and Chinese economies. So, I wonder, how is the US-China trade war viewed in Australia, at a political ...
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2answers
290 views

Why does the IMF insist on maintaining the privatization of state entities as a reform policy as a prerequisite for borrowing states?

Why does the IMF insist on maintaining the privatization of state entities as a reform policy as a prerequisite for borrowing states? https://www.soas.ac.uk/cdpr/publications/papers/file24328.pdf ...
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4answers
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Can Brexit be undone in an emergency?

In case Brexit has already happened, can it be reversed after a short time? Legally, the answer is no, I think. But I can imagine a situation where, during the first few days after Brexit, all ...
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1answer
144 views

Why is mobile data so expensive in Cyprus? [closed]

A few days ago a relative who lives in Cyprus told me that mobile data is very expensive in Cyprus and that, as he is not living in a city, has to rely on an ADSL connection. This article confirms ...
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1answer
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US trade war with China: what is in total with trade balance for today? [closed]

Trade war between US and China lasts nearly since Trump's election. One of claimed goals was to shorten US trade deficite. There is a hoard of different news and bright claims about trade war, but ...
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1answer
195 views

Why is China the only country that build infrastructure for natural resources rights?

Why is China the only country that build infrastructure for natural resources rights? https://ecommons.cornell.edu/bitstream/handle/1813/30639/dpz6.pdf?sequence=1&isAllowed=y It proposes R4I ...
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0answers
168 views

Has the solidarity tax been successful in any country? [closed]

I have recently saw an older recording of an economist arguing that he does not know of any "successful implementation" of the solidarity tax. I have searched a little bit about this and found this ...
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3answers
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Cost of oil sanctions to world's consumers

Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch. CNBC ...
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2answers
253 views

Has any president benefited in elections from partially repairing the economy after damaging it?

I've seen evidence that the American people (and no doubt people in other countries) tend to be rather myopic when it comes to deciding who to elect, specifically they only tend to look at the last ...
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2answers
448 views

What happens if a country redefines itself?

Consider the following possible scenarios for a country A: The legislature decides to change the name to B After a successful revolution or coup d'état, a new country is established having the same ...
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2answers
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Is the success of Chinese economic model in Africa a threat to Western interests?

Rwanda's economic development has been fantastic in the last couple of years allowing Rwanda to become a model of development success. Is this success a good thing considering that its model of ...
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2answers
299 views

Why Turkey's president thinks that by cutting interest rate it will lower inflation?

Recently, President Erdogan sacked the head of Turkey’s central bank because he didn't want to cut interest rates. He even said: “We said that if rates fall, inflation will fall. He didn’t do what was ...
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2answers
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If SWIFT is headquartered in Europe, why does the EU need to create a SWIFT alternative to be able to do transactions with Iran?

If SWIFT is headquartered in Europe, why does the EU need to create a SWIFT alternative to be able to do transactions with Iran? It seems that the U.S. has significant control over SWIFT although ...
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3answers
194 views

If the US government is running deficits valued at 5% of GDP, is the economy really growing?

From the White House Budget Office Deficit records: The US government is currently running a projected 2019 deficit of 5.1% of GDP (somewhere around $1.05 Trillion). The Bureau of Economic analysis ...
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1answer
240 views

Why use tariffs instead of a tax on foreign investment to remedy the “trade deficit”?

Many people and politicians in the United States lament the trade deficit, or more precisely, the current accounts deficit. The necessary corollary to a current account deficit is a capital account ...
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1answer
284 views

Is Facebook's Libra a threat to the U.S. dollar as a reserve currency? [closed]

Is Facebook's Libra a threat to the U.S. dollar as a reserve currency? I've heard that Libra would diminish the need to hold U.S. dollars and thus diminish the power of the U.S. dollar as less people ...
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1answer
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Can left and right be reduced to who takes care of whom? [duplicate]

In my country (Belgium) there are quite some discussions between left- and right-wing political parties, but do those terms mean? I've developed my own definition, and I'd like to verify it here on ...
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10answers
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Why don't countries like Japan just print more money?

Modern Monetary Theory says that a sovereign countries will never go bankrupt. It can just print more money. Of course, printing more money would lead to inflation. But some countries have the ...
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1answer
294 views

Are there political reasons why the Chinese government doesn't or is not allowed to buy U.S. stocks?

Are there political reasons why the Chinese government doesn't or is not allowed to buy U.S. stocks? I am asking, because I am wondering why the Chinese government always buy U.S. securities when it ...
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3answers
10k views

Why did the World Bank set the global poverty line at $1.90?

In early 2019 Bill Gates tweeted an infographic during the 45 meeting of the World Economic Forum at Davos that showed that the proportion of people living in poverty had decreased from 94% in 1820 to ...
4
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1answer
139 views

What are the incentives for CFA countries to remain under France's financial umbrella?

https://www.youtube.com/watch?v=42_-ALNwpUo It seems that France benefits a lot from having its former colonies rely on France's financial system, but the former colonies don't really seem to derive ...
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8answers
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How do governments keep track of their issued currency?

If a government issues currency and it ends up in bank accounts abroad, what stops banks from making a 'mistake' during a transfer, accidentally duplicating the currency? Is there some central ...