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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Why does the US still maintain so many military facilities in Western Europe?
The US maintains a lot of military facilities in countries like Germany, the Netherlands, Belgium, etc.
This doesn't make economic sense. The US military expenditure is on trajectory to reach a ...
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Why was the Biden administration reluctant to offer lowering tariffs on goods from member countries when drafting IPEF?
Analysts have compared it to the Trans-Pacific Partnership (TPP),
which the United States withdrew from in 2017.[3] However, the
initiative is intended to be a precursor for later negotiations, as it
...
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Is there a link between fuel shortages in Argentina and the presidential election?
If you make a search on the internet with the keyword argentina fuel shortage you will find a lot of articles about a fuel crisis that started around the first round of the presidential election and ...
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Big mergers in the oil sector what is the opinion of the political world and anti-trust authorities?
Two new mergers in the US (and global) oil sector have just been announced. ExxonMobil is merging with Pioneer Natural and Chevron is buying Hess.
If you sort this list by revenues you will find ...
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Why is the composition of China's foreign exchange reserves classified information?
The exact composition of China's foreign exchange reserves is
classified information.[7][8] In July 2019, China's State
Administration of Foreign Exchange announced that at the end of 2014,
US dollar ...
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Why won't China reduce its exposure to US dollars after all this talk of decoupling?
As Treasury yields soar, however, that thinking may be changing - the
two-year is up 50 basis points this month and close to November's
15-year high of 4.88%, while the 10-year is up 40 basis points ...
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Role of economic developement in political stability?
Often it is given that rapid economic progress is one the things that make the Chinese communist party acceptable to the Chinese people. Can this be accepted as a given fact? Conversely, if there was ...
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Does Japan have any reason to ever repay its debt?
https://fortune.com/2015/02/26/japan-economic-time-bomb/
Takatoshi Ito, an economist at Columbia’s School of International &
Public Affairs, argued at a panel discussion on Monday that unless the
...
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Apples-to-apples comparison of the public debt structure in the US vs. China
I'm looking for a comparison (i.e. two pie charts) of the public debt structure in the US vs. China. I can easily find data on the [hidden] municipal debt problem in China (as it's been repeatedly in ...
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Is there a correlation between Gov't economic policies/performance & collective action
Based on my reading of polsci and econ literature, I believe there is an extensive literature studying how collective action (e.g., through labor strikes or occupation groups) can influence economic ...
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How do you measure debt sustainability (private and public)?
How do you measure debt sustainability (private and public)?
https://en.wikipedia.org/wiki/List_of_countries_by_government_debt
China has a lot public debt to gdp ratio.
China’s debt is more than 250 ...
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3
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Why does China consider capital control necessary for an independent, sovereign monetary policy?
https://www.businessinsider.in/policy/economy/news/3-reasons-why-even-china-doesnt-want-the-yuan-to-replace-the-dollar-as-the-worlds-reserve-currency/articleshow/100578664.cms
Even though China ...
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What prevents foreign companies from setting up business in Russia so as to not pay any compensation to patent owners from the West?
https://sanctionsnews.bakermckenzie.com/russia-adopts-zero-compensation-to-patent-owners-from-unfriendly-countries/
The Russian Government has adopted a decree[1] which will allow local
companies and ...
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Is there a way to measure how technologically and economically independent a country is?
Is there a way to measure how technologically and economically independent a country is?
With all this talk of derisking and banning technologies to other countries, I was wondering if there was a way ...
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Why are most developing countries not using China's mercantilistic and state-led economic policies with heavily subsidized state companies?
The commitments and concessions that China made were deeper than those
made by almost all other WTO members. Countries that joined the WTO
after 1995, including China, acceded through the process ...
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What is the reason that Russia is much richer even though they are corrupt at LDC-level? [closed]
LDC = Least Developed Country.
Russia and Pakistan both sit at the bottom of the CPI's 2022 corruption perception index. Russia's position is 137/180. Russia also faces economic sanctions. However, ...
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A comparison on UK and Japan cost of living
Both are Island countries, the UK's cost of living is 63.6, and Japan cost of living is 54.3 (reference).
Yet Japan has a higher quality of life index.
Why UK have that additional 10~ cost of living ...
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Does the money earned by military hardware export enter the mainstream economy in Pakistan?
Pakistani JF-17s replace Iraq’s F-16 fleet
iraq-might-buy-pakistans-jf-17-fighter-or-frances-rafale-or-both
... it’s rumored that Iraq has acquired 12 JF-17 Thunder Block III fighters, with the ...
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1
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Exploring the causal mechanisms between democratization and economy growth
I have been reading a lot recently on a classic polsci question on the relationship between democratization and economic outcomes(see Boix & Stokes, 2003; Coppedge, in press; Epstein, Bates, ...
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What would be the negative consequences for China for a rare earth metal ban?
https://unherd.com/thepost/what-chinas-rare-earth-metal-ban-means-for-the-west/
China is threatening an export ban on rare earth metals in response to
Washington’s recent decision to impose ...
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What advantages does China benefit from hiding a large amount of currency reserve from the rest of the world?
https://www.bloomberg.com/news/articles/2023-06-30/china-has-3-trillion-of-hidden-currency-reserves-setser-says
China is sitting on a $6 trillion pile of money, half of which is
“hidden,” and that ...
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1
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What government policies has Russia implemented to revive its domestic industries, after economic sanctions were imposed on them?
I was reading some Russian propaganda and came across this tidbit:
Indeed, the sanctions have done what many considered impossible: they jolted the country’s economy out of the well-trodden path of ...
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How the US (and five others) define "economic coercion" they condemn, and differentiate it from the economic tools they use to pressure countries?
Reuters' June 9, 2023 With eye on China, US and five allies condemn trade-related 'economic coercion' begins:
WASHINGTON, June 9 (Reuters) - The United States and five of its allies on Friday ...
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When and why did US food prices surpass the ones in Western Europe?
I first visited the United States around 30 years ago and then a few times over the following couple of years. The last time was around 2005. One thing I remember is the low prices of food compared to ...
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Are there any countries or states which have fully embraced price gouging during emergencies?
As taught by Thomas Sowell in his book "Basic Economics":
If the prices of hotel rooms remain what they have been in normal times,
those who happen to arrive at the hotels first will take ...
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Why does Australia export so much raw materials instead of steel and other value added products?
According to the chart in this report although exports from Australia of iron ore and metallurgical coal are declining they are still quite high. On the other hand I see that Australia imports a lot ...
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What is the effect of removing certain denomination of a currency?
About yesterday the Indian government withdrew 2000 rupee notes in circulation ref. Typically, when stuff like this happens, the explanation is that the attempt is to combat black money. This answer ...
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Why is there typically emphasis on education in general rather than for those related to jobs?
It is to my understanding, a popular opinion that education improves economy and quality of life. But, to me, while I get the intuitive notion, wouldn't it beven more better to focus on improving ...
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What is the theory behind using the 14th Amendment to ignore the debt ceiling?
President Biden raised a few eyebrows in that he's said he isn't ready to invoke the 14th Amendment and ignore the debt ceiling... yet. From Reuters
President Joe Biden said on Friday he was not yet ...
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Is Norway a rentier and resource-dependent country?
I have been reading a lot on the rentier state literature and have noticed that papers published in the last two decades focus on the typical rentier cases such as Saudi Arabia or Venezuela. However, ...
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What has changed in the last decade that causes tent cities to spring up?
As a regular visitor to the United States (Texas and Oregon, mostly) I can see that a lot of slum-like encampments have sprung up during the last decade, probably even the last few years. Some are so ...
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Is this communist-like economic ideology already a thing?
Everyone knows what communism is, and generally in the real world it doesn’t work out for the people. Communism has many flaws and after a long while of thinking how these flaws can be fixed it became ...
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Who described creative destruction as a process that will eventually balance the jobs created and destroyed?
I read many times articles talking about possible job losses caused by technological changes referring to Creative destruction as a hint that eventually as many jobs will be created thereafter. Often ...
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How do these contradictory claims about the US national debt square against each other?
(Not sure if this should be on the Economics SE or Skeptics SE)
The first source is this, from which there is an image:
This clearly implies that the US federal budget decreased under Obama, Carter, ...
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5
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What are the pros and cons that a new common currency for Latin America bring to the region?
https://www.weforum.org/agenda/2023/03/what-do-talks-about-a-south-american-common-currency-say-about-globalization/
Argentina and Brazil recently announced preliminary plans to form a
common ...
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2
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Why do small African island nations perform better than African continental nations, considering democracy and human development?
This question is interdisciplinary between economics and politics, but I suspect the answer lies more in politics and history than in economics, which is why I decided to post it here.
Looking at the ...
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Indian PLI Manufacturing scheme
Indian govt has announced Production Linked Incentive schemes (PLI) to boost manufacturing sector growth in India. As it can be seen it is biased towards capital-intensive industries. What could be ...
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Clear and concrete definition of "Third World" [duplicate]
Commonly, when I discuss with a pro-western American, or perhaps sometimes Europeans about an African Country I always hear this, "But it's third world" on investopedia.com "Third World&...
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How does having minority stakes and board seats give the Chinese government effective control over companies?
From the New York Times:
All of that changed over the past few years as Beijing went after some
of the country’s biggest tech companies and its highest-profile tech
entrepreneurs. The aim was to ...
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4
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To what extent does the west need China to be part of the SWIFT system?
The question and answers at To what extent does China need the SWIFT system? explain why China needs the SWIFT system to to interact with the west and whether it would be reasonable to come up with ...
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The changing relationship between Democracy and Economic Growth (log GDP)
There has been contradicting evidence on whether being a democratic state is correlated with economic growth and/or higher GDP per capita. For instance, Barro (1997) argues in his book that a ...
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What are the options for a government facing massive protests over seemingly unsustainable economical measures?
Context
France is currently facing nationwide strikes due to pension system reformation discussions. According to France24, there seems to be a debate over the opportunity of such a reform:
French ...
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To what extent is the UK's cost-of-living crisis Russia's fault?
I know that the UK's cost-of-living crisis is partly due to the war in Ukraine. Russia, of course, has sharply limited the amount of energy it exports to Europe; this substantially raises winter ...
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How does the World Economic Forum seem to have so much influence?
Searching on Google News for World Economic Forum produces:
About 23,800,000 results (1.00 seconds)
Sampling some of these produces quite a mixed array of opinions, from highly supportive, to bored, ...
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Why is the US government not worried about high deficit?
The US government has run a deficit budget every year since 2002.
As per this answer, in FY2012, the budget deficit was $1.12 Trillion while revenue was $2.47 Trillion.
That was a budget deficit of ...
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If only people with at least $1,000,000 annual income were taxed, what would their tax rate have to be to avoid a drop in income tax revenue?
If personal income taxes were eliminated entirely for anyone with less than $1,000,000 income, there is one flat tax rate for those who are taxed, and corporate income taxes and all other taxes staued ...
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What are possible explanations for why Democratic states appear to have higher homeless rates per capita than Republican states?
The principal argument I see regarding homelessness in blue areas is that cities draw a larger homeless population than rural areas which is objectively true. However, from the evidence I have found, ...
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How does the US benefit from waging wars?
It is often argued that the USA is constantly at war because the military industrial complex benefits from it in terms of public employment, and the moguls profit billions of dollars.
However, I don't ...
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Why do some European governments still consider price capping despite the fact that price caps lead to shortages?
Context
Due to multiple causes such as the Russian invasion of Ukraine, most European countries have faced soaring prices for essential products. In some cases, the governments decided to impose price ...
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4
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1
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How did the UK race ahead of France in GDP
Source of data
In 2019,
GDP of the UK was 2,743.586 Billion USD, while that of France was 2,707.074 B.
That is just a difference of 1.33 percent. Some might even dismiss it as noise.
In 2022 however,...
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