Mission[ edit ] The mission of the CPI is "to serve democracy by revealing abuses of power, corruption and betrayal of public trust by powerful public and private institutions, using the tools of investigative journalism. All three had grown dissatisfied with what was being done in the name of investigative journalism by established news organizations. It has since been incorporated independently. As of his departure, CPI had published 14 books and more than investigative reports.
How to Write a Summary of an Article? International trade, finance and exchange rates are a large part of this study. Today, we will dive into the basic definitions and descriptions of simple terms and concepts as they relate to macroeconomics.
When a country is exporting more than they are importing a surplus is created, so there is more production than consumption. The opposite is true for a trade deficit.
A country that imports more than it exports is running in a deficit; consumption is more than production. An example of a product in the United States with a surplus is oil. Seven years ago the U. By it is expected that the U.
The problem is that the oil produced in the U.
Since the refineries are currently equipped to refine the heavier oil the U. One would expect lower oil prices with the surplus, but as the current gas prices reflect this is not the case.
While the process and the politics involved have many components not discussed here the crux of the situation is that a surplus of an import can cause business and domestic consumers to suffer.
Gross Domestic Product GDP is the value of all goods and services produced in one country during a one year period. GDP is made up of consumption of goods expected to last three or more years such as food and clothingservices, government expenditures schools, upkeep of roads, and military expensesresidential and non-residential spending, and business inventories.
The equation is all of the items listed less ay imports to other countries. International trade influences the GDP by expanding markets with imported goods and services that are either not available in the U.
Some of the goods imported are coffee, bananas, oil, and automobiles from Germany and Japan. The imports of these goods increase the economic GDP, but also allow the U.
A result of this economic expansion and diversity of goods and services is competitive pricing and an increase in the market competition among producers providing domestic consumers with less expensive products.
A major advantage of trading is the ability of certain producers to concentrate or specialize in certain goods.
A disadvantage would be the government imposition of restrictions and limitations to protect the domestic production and market. Governments have imposed taxes on trading transactions which increases the cost of importation. Many governments also restrict or limit the import of goods and service to their country.
These impositions are known as a tariff or quota. Tariffs are taxes governments place on international traded goods — generally imports Colander, They are most commonly used to restrict international trade and promote domestically produced goods. Quotas are put in place for the same reason but rather than taxing imports the quantities of product are limited.
To understand the determination of an exchange rate one needs to think of currency as just another good Colander, Foreign exchange rates are determined by supply and demand of goods.
An example to understand how the demand-supply balance moves is to examine the dollar vs.
When the demand for U. Exchange rates are in a constant state of fluctuation because of the countless activities of the foreign exchange market.
China currently supplies the U. One should think about the jobs that are created from the importing of goods from China rather than the jobs it is taking away. Thank you for your time and I hope the information provided gives a high level understanding of international trade and finance as it relates to the current state of the U.
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Here I record what I have been able to learn about the origins of some of the terms we use in international economics, both who introduced their meanings and who first gave them their names, if those are not the same people.
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Warning to the Rich: 1: Go to now, ye rich men, weep and howl for your miseries that shall come upon you. 2: Your riches are corrupted, and your garments are moth-eaten. 3: Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire.
The American Empire. By Wade Frazier. Revised July Purpose and Disclaimer. Timeline. Introduction. The New World Before “Discovery,” and the First Contacts.
As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria. Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo.
Many thanks to Hermes for the translation from pfmlures.com