Blog

Suppose country X has a Current Account that is negative. It is likely that this is from having a trade surplus. 

The investment scene in Thailand dramatically changed because: 

Economists often disagree…the benefits of free trade is one of the big topics they disagree about. 

Suppose that Egypt has a trade surplus. This will have a ___________ impact on Egypt’s the ____________ account. 

The Thai situation created what economists have termed “contagion.” This refers to the situation where: 

Research Hans Rolsing has studied in the world’s income distribution. He tells us that in the 1960s, the world income distribution: 

The reason that Thai banks went to American banks in order to obtain funds was because the credit market in Thailand had dried up. Thai banks were not able to secure funds in the Thai financial market.  

In the 1800s, most countries had relatively long life spans, despite low incomes. 

Argentina wants to weaken its currency. Thus it needs to make it more scarce. 

According to the World Bank, extreme poverty (at the time of the recording of the video) was defined as living on $3.20 or less a day.