Tag Archives: macroeconomics
G7 Tries to Ease Currency War Fears
The Group of 7 leading industrial nations is trying to ease tensions over how they set the value of their currencies. A statement from top economic officials of the G7 nations says they remain committed to letting market forces set currency values. The comment follows allegations some countries are cutting the value of their currencies […]
Economic Convergence: Third World Poverty Coming To A Street Near You?
Two broad macroeconomic trends have dominated the global economy since the 1970′s. On the surface these two trends may seem contradictory, pulling us in opposite directions. But a deeper analysis of this contradiction points towards a single outcome. An outcome which would be devastating for the developed economies of the west, leading to third world […]
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