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EconNews Online is South-Western's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary. |
| COMPARATIVE ECONOMIC SYSTEMS | |
| Title | Brief Summary |
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The Chinese economy is once again experiencing some unwanted inflation. For the first time since 2004 inflation in China has pushed past the previous peak of 5.3 percent. At that time the Chinese government acted abruptly to put inflationary controls in to place. The current response to inflation has been much more subtle. (Updated September 2007) |
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New statistical measurements released from the Chinese government suggest that the fastest growing economy in the world is set to pass France, Italy, and Britain as it become the fourth largest economy in the world. Only the economies of Japan, Germany, and the United States will be larger. (Updated February 2006) |
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Some analysts believe the Chinese economy will rival that of the United States over time as the transition from central planning to capitalism is accomplished. The Chinese are accomplishing rapid economic growth by using foreign expertise and investment. (Updated August 2005) |
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Peace seems to be
a very powerful instrument of economic development; significant changes
to the economy of Northern Ireland have occurred as a result of the Good
Friday peace agreement signed in 1998. Unemployment is low and foreign investment
is at record highs. (Updated January 2001) |
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Why some nations are
rich and others poor has been of on-going interest for economists. Two recent
studies, one by Jeffrey Sachs and John Luke Gallup, and the other by Paul
Krugman, have set forth new theories. (Updated May 1998) |
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With the demise of
the Soviet Union and the transition to capitalism, it is increasingly difficult
to point to real-world examples of the differences between capitalism and
socialism – until you go to Disneyland. (Updated May 1998) |
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