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Questions tagged [economy]

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

2
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0answers
88 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
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21answers
10k 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
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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
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1answer
58 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
173 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
694 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
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3answers
420 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
125 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
212 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
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1answer
169 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 ...
1
vote
1answer
189 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 ...
-5
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3answers
144 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
194 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
75 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
61 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
1k 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
389 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
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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. ...
7
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0answers
78 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
186 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
209 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
votes
2answers
300 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
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
67 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
224 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
votes
4answers
463 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
812 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
196 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
350 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
314 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
78 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
746 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
309 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
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3answers
404 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
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1answer
194 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
1k 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 ...
5
votes
2answers
310 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, ...
0
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1answer
141 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
114 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
301 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
207 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
111 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 ...
2
votes
1answer
174 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 ...
2
votes
0answers
79 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
130 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
votes
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
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1answer
127 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 ...