Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Sunday 7 December 2014

Sunday reading material

Effect of exchange rate changes, using Japan as an example; this contains the information you need for any essay about exchange rates & exports vs imports. Maybe you should think about compiling short notes with key points on for your folders (in the relevant sections) to help you avoid making those broad generalisations that are often wrong:

Weak yen increasing rift between importers & exporters

Impact of falling oil prices on one country; plenty of meat in here for the ripple effect across an important oil exporter:

Malaysia-faces-fiscal-shortfall-as-tax-revenue-dwindles

Continuing the Pacific theme, here is a piece on the development of the Thai auto industry. This contains useful information on how it has developed, the role of technology-transfer, and how (why) Japan is heavily involved. I expect you all to be able to spell the Summit founder's son's name...

Thailand-takes-over-from-Detroit

Time for some home-grown material: HSBC looks at the role of imports in building up companies that then grow our exports. Really good, concise and simple article - AS to read this too please in view of recent essay on imports (there are many other useful articles from these guys):

imports-driving-uk-growth?

I couldn't resist this one; disruptive or adaptive tech? Fiscal policy or supply-side? Jobs growth or jobs destruction? Toyota will put its first fuel cell car on sale this month. Not only does this have implications for fossil fuel consumption (which is good), it will also require considerable investment (producing and delivering hydrogen) - and government subsidies - yikes! Useful for AS & A2 as a case study:

The-age-of-fuel-cell-cars-dawns-in-Japan


Finally, have fun with this forecasting tool looking at [forecast] trading patterns out to 2030:

tools-data/trade-forecast-tool/uk


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