Mar
30

The Japanese economy faces many challenges today. The events of the Bubble in the 1980s and ’90s are seeming to show up again.

Why does the Japanese economy face challenges?

a) Productivity growth in Japan fell in the 1980s and many Japanese companies “lost ground” to the low-wage economies of South Korea and Vietnam.

b) Another problem that is adding to the challenges is the lack of action taken against deflation. Something that could have been done in the early 1990s to alleviate the economic problems Japan faces today was for the Bank of Japan to take more aggressive action against deflation.

c) It is expected by 2030 that one third of the population in Japan will be aged 65 or over. This leads to reduced tax revenues and increasing healthcare costs.

d) Other countries have realized a long time ago that immigrants can be hired at a small cost for some jobs. However, Japan is just realizing that and could have wasted money by not finding out sooner.

e) There is a deficit in the government budget and central and local government debt together are more than 170% of the GDP.

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Mar
14

For the seminar, I think that I was well-prepared. However, I don’t think that I spoke as much as I could have. There were alot of times that I wanted to say something, but I didn’t have the strength to butt into the conversation. I think that the topics we touched on were very useful. At the same time, there were times when nobody was talking, which is not good for a seminar. I think that one thing we could have done more was to try to answer the prompt more.

Mar
08

Here is the link to a powerpoint on pollution in Osaka and Kobe: http://voicethread.com/#u748156.b968684.i5163083

Feb
28

A few months ago, General Motors sold Hummer to the Chinese Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. The agreement between the two companies did not close, and as a result, GM is closing Hummer. The sales of Hummers went down 67% last year, due to the rising gasoline prices. Hummer is the third brand from GM that was forced to shut down because of its bankruptcy reorganization. Chinese companies are getting more interested in buying western car brands to “strive to become more global players”. However, if they can’t close a deal properly, they won’t be making any money.

Feb
28

Iraq is going to be given a $3.6 billion loan by the International Monetary Fund (IMF), which is the biggest loan Iraq has received so far. The money is aimed at helping Iraq “rebuild its battered infrastructure”. Iraq’s  income heavily relies on the revenue from oil. Iraq also needs the loans to rebuild after years of “conflict and insurgency”. From the depressed oil price, Iraq’s revenue has dramatically decreased. The IMF has loaned money to Iraq before, but smaller ones.

Feb
17

In India, there were people boarding a ferry to go to an island. This week there is a major holiday for the Hindu religion, and these people were going to the  Gangasagar island to take “holy dips”. Everything seemed fine, that is, until the stampede occured. This is where the externality comes in. There was a stampede that killed seven people and injured nine people. These people were just trying to get onto a ferry, and they were trampled by a stampede. What were the chances of that?

Feb
12
Feb
12

Counter_PartsOligopoly

Feb
10

I think my group did a good job overwell. However, there were some problems that we had. First, we should have practiced more. We were all prepared, but individually, not as a group. Secondly, some of our important graphs didn’t show up. But we got some quick recoveries. I thought that our presentation would come out a little more smoothly, but it didn’t come out as I had hoped. Still, we did a pretty good job and we had good teamwork.

Feb
10

Here is the link for my voicethread on supernormal profits in a monopoly.

http://voicethread.com/#u748156.b901385.i4800580