Trade Sanctions are laws passed to restrict or abolish trade with certain countries. Trade Sanctions can take various forms such as: Complete embargo on specific types of trade. Tariff Barriers. Higher taxes on imports of goods. If the tariffs are sufficiently high, it may stop imports completely. Quotas limiting the amount of trade Trade Sanctions …
The take-up rate measures the percentage of eligible people who accept a particular good/service or benefit. The take-up rate may refer to the percentage of shareholders who accept the opportunity to buy more shares during a public share offering. Benefit Take-up Rate The benefit take-up rate measures the percentage of people who claim benefits that …
The German Finance Minister Wolgang Schauble has been a strong advocate of austerity, supply side reforms and ‘sound money’ policies. (i.e. sticking rigidly to inflation targets). Generally, this has been the preferred approach of Europe to the ongoing debt crisis and recession of the past few years. Recently, he has claimed that the European economy …
I often like to tease my parents because they both now both qualify for free bus travel – one of the many ‘perks’ of being ‘old’. Half-jokingly I say they are the lucky generation. Buying a house in the 1960s, enabled a massive increase in wealth. They benefited from an era of full employment and …
No one doubts the commitment of many in the EU to seeking a way to prevent the Euro breaking up. The Euro project is deeply embedded in the European establishment. But, are they fighting a lost cause? Are the structural problems with the single currency so severe, they would be better off pursuing an orderly …
On the day Spain, announced its unemployment rate had increased to a truly staggering 27%, many see the UK’s anaemic growth rate of 0.3% in Q1 2013 as a ‘success’. But, it is worth noting UK real GDP is still considerably below its 2008 peak. Dataset ABMI at ONS When you look at GDP like …
Readers Question: Why do countries that experience a boom risk losing international competitiveness? An economic boom implies that an economy is growing above its long term trend rate. This means that the rate of economic growth is high, but there tend to be inflationary pressures because demand is growing faster than supply. The impact of …
I spent the last two weeks in New York, hence the lack of blogging. Fortunately or unfortunately, it meant I missed the last two weeks of discussion surrounding the legacy of Mrs Thatcher. Of course, in America, it was all a bit more black and white. – Mrs Thatcher good, Arthur Scargill bad (well America …