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Questions tagged [economy]

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

64
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22answers
18k views

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

We keep hearing a lot about economical growth in the media and this answer shows us why it is so important: Therefore, we have three options: A constant increase in unemployment. (Generally ...
2
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0answers
29 views

Regarding the Economically Weaker Section ( EWS ) 10% quota approved by the Indian Parliament

I am reading an article in a leading newspaper of India, in which the author says, As per the India Human Development Index ( IHDS ), the annual household incomes of 98% of households are less ...
4
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2answers
166 views

Is there a “healthy” value / interval for unemployment rate?

A TV show depicting US politics features a fictitious big political program called AmericaWorks or AmWorks. Its goal is to greatly reduce unemployment (virtually to zero or "Universal Employment"). Of ...
0
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0answers
36 views

What role does oil play in the foreign policy of Iran? [closed]

Oil obviously plays a major role in the foreign policy decisions of the Gulf states such as Saudi Arabia. The kingdoms have had long-standing alliances Alliances with the West for instance. Oil also ...
1
vote
0answers
51 views

What is the rationale of capping interbanking rates to values significantly lower than inflation rate?

Romania’s finance ministry announced some sort of "tax on greed" for banking sector: Romania’s finance ministry plans to introduce a tax on banking assets from 2019, seeking to cap the interbank ...
10
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4answers
799 views

Is there any better estimate of the cost of a completed US-Mexico border wall?

First, I realize that this question was asked back in Jan 2017, but it was difficult to obtain useful data because the details of construction were not available. This question arises as a spin-off ...
2
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1answer
106 views

Did the New Economic Policy ever end?

Migrate to history as needed. The USSR was a Neoliberal Social welfare state. It privatized everything under Lenin. I just wonder to what extent this mattered. What percentage of the firms privatized ...
2
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3answers
154 views

Why doesn't the EU collectively establish taxation based on profits gained in a country?

As I understand it, the problem with corporations taxation is there are international agreements countries would not tax products in the country where the enterprise isn't registered. So wouldn't it ...
1
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1answer
128 views

Why doesn’t China negotiate trade deals with each state in US?

Say, let each state send representatives to bid for import quota of specific categories of merchandises, therefore making intra-US cooperation among states into inter-state competition; just like how ...
38
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6answers
12k views

Why does Spain's government want to increase the minimum wage by such a large percentage at once?

According to the BBC, Spain wants to increase the minimum wage by more than 20%: Spain's minimum wage will jump by 22% in 2019 - the largest annual increase in more than 40 years. It means ...
8
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1answer
302 views

Why does the Hungarian government want to allow delaying payment for overtime for such a long time (up to three years)?

Protests have broken out in Hungary following the government's desire to increase the overtime limit and payment timeframe for this: Protests have broken out in Hungary after the country's ...
11
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2answers
192 views

Why doesn’t the U.S. have a bracketed corporate tax?

This might be a question better-suited for Economics StackExchange, but I figured I'd try my luck here first. In the U.S. we have a bracketed tax system for personal income tax, which serves to ...
5
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0answers
118 views

What were the positive and negative effects of the French ISF?

The Impôt de Solidarité sur la Fortune (ISF, or wealth solidarity tax), is easily the most controversial part of French tax policy, and its removal by Emmanuel Macron was probably the most ...
0
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0answers
49 views

What are the “mainstream technocratic approaches”?

From the Introduction chapter of Radical Markets, by Eric Glen Weyl and Eric Posner: Even the best-run governments of the most advanced countries rally around the mainstream technocratic approach ...
5
votes
1answer
3k views

What are the reasons presented by the French government to explain why the price of diesel fuel increased so much in France?

Many media channels are covering the "fuel protests". According to BBC, the main reason behind these protests is fuel (especially diesel) prices raising: The price of diesel, the most commonly used ...
-1
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1answer
67 views

Causes of a sovereign debt crisis?

What are the causes of a sovereign debt crisis? How can countries get out of a sovereign debt crisis?
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0answers
130 views

Viability of Statue of Unity [closed]

How viable it is, for a country like India to invest more than 3000 crore (30 billion) rupees, in building a gigantic statue? Is there an assessment about its profitability?
32
votes
21answers
11k views

How does Capitalism facilitate happiness? [closed]

I would like to preface this with the disclaimer that I am fresh to Stack Exchange, so any pointers on what may have been a better Stack for my question, or simply how to better frame it, are greatly ...
33
votes
5answers
10k views

If the eurozone budget deficit limit is 3%, why is the European Commission telling Italy it must revise its 2.4% deficit budget?

The BBC reports that the European Commission has told Italy to revise its budget, saying that the draft presents particularly serious non-compliance with Eurozone rules. Yet the maximum permitted ...
1
vote
1answer
61 views

Is political economy and its critique bourgeois science? [closed]

Is political economy, and its critique by historical materialism and dialectical materialism, a bourgeois science? One approach to the history of social science in Bukharin (N.I. Bukharin. "...
1
vote
1answer
186 views

Why is Italy pushing its budget?

Why is the Italian government trying to push its budget, which would make their national debt skyrocket even further, while the Italian Audit Office says it's a bad idea and the EU isn't too keen on ...
5
votes
4answers
714 views

Why is the concept of Trickle Down economics still popular with US conservatives? [closed]

US conservatives seem to still believe in the concept of 'Trickle Down Economics', while it has shown very limited results in the past and if anything, it only made the rich richer and the poor poorer....
1
vote
3answers
499 views

What are the arguments in for and against a flat income tax rate?

Let's say that the national income tax is 5% for everyone with no loopholes (i.e. no tax reduction). In theory the rich would contribute more to total tax revenue. What are the arguments for and ...
1
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1answer
169 views

What possible laws have been proposed to modify limited liability of corporations?

I wonder if there’s a workable tweak to the limited liability of shareholders that would make it less profitable for those who wish to indirectly indicate to their flunkie ceos that they better cut ...
1
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2answers
220 views

Can't a country grow its GDP without foreign investment?

Whenever various developing countries around the world talk about growing their economies, they talk about facilitating foreign investments and they put so much emphasis on it as if a country's ...
6
votes
1answer
211 views

How were farmers affected by demonetization in India?

In 2016, The India government declared ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series invalid. This announcement led to significant economic disruption. It is said that farmers were affected ...
0
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2answers
285 views

Hypothesis: “globalization makes a ”strong“ economy the hostage of its own success?”

What do you think about the hypothesis that globalization makes a "strong" economy the hostage of its own success? What do I mean by that?. Two countries deal with each other for a long time. One of ...
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votes
3answers
181 views

Examples of European political parties/movements that put emphasis on science and technology and why so few?

The US Transhumanist party is small party that put emphasis on science and technology for fulfilling the aspirations of humanity. Indeed - there are very, very few limits in science. E.g. inertial ...
0
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1answer
204 views

Is Belt and Road Initiative cost-effective?

Does the geopolitical advantage of China's Belt and Road Initiative outweigh the financial costs of the loans? Would the loan be better spent internally or kept unused?
-1
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1answer
79 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
vote
1answer
67 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
votes
4answers
3k 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
votes
5answers
420 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 ...
50
votes
4answers
17k 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. ...
8
votes
0answers
100 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 ...
2
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2answers
223 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?
8
votes
3answers
230 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 ...
9
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2answers
306 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 ...
21
votes
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 ...
2
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0answers
72 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
votes
2answers
243 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
533 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
918 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
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1answer
203 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
votes
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
votes
1answer
388 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
votes
1answer
427 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
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1answer
86 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
916 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
328 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 ...