Weekend Recess

That's it for this week!

Come back on Monday for more posts.

Regards, Sam

A Global Currency?

Out of the economic plight (read 2009) China proposed that there should be a single global currency, which
Geithner in 2009 remarked that the US is 'open' for ideas about a world currency. This would involve replacing  the US dollar based system by increasing IMF's special drawing rights

Brazil, India and Russia seem warm to the arrangement. But do you?


What are your views on a global currency?




Regards, Sam

Some Good Economics Blogs

Hi guys,

I've compiled some blogs that I've found very interesting - that also relate to economics or anything business related! - I'd advise you to check them out when you can.

OR

You can give me some recommendations in the comments below!

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Scootland Economics: http://scootland-economics.blogspot.com/ - In depth papers

Currency Trading: http://tradingcurrencyguide.blogspot.com/  - Good for updates on FX

Nathan's Economic Edge: http://economicedge.blogspot.com/ - Views on world events

Thoughts on Economics:  http://robertvienneau.blogspot.com/


Regards, Sam

Chartered Cities

Hi folks,

In this blog I'd like to know your views and thoughts on alleviating poverty.

Here's a video of Paul Romer sharing his idea of chartering cities in developing countries.

The goal of this is to great cities such as Hong Kong, which are economically brillaint and will bring a lot of people out of poverty.

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Regards, Sam

A real alternative to oil?

Cella Energy, an Oxford based company, has claimed that it can produce a petrol replacement available in the next three years.

This fuel is hydrogen, but its innovative application is that it is stored in 'beads' and would not need to be stored in an expensive and potentially dangerous way it is stored at present.

This would mean that petrol would be much cheaper than current costs, with little infrastructure investment to implement the fuel.

Maybe this will loosen our dependence on oil, and give much less power to OPEC nations?


If you would like to find out more about this, visit their website: http://www.cellaenergy.com/


Regards, Sam

Developing Countries

Hello again guys and gals!

In this post I would like to know your thoughts and views on multi national corporations operating in developing countries; their impact on their economy and the workers pay and conditions.

Regards, Sam

Opportunity Cost

Thought my blog wasn't as interactive as I would have hoped. So in this post I'll be asking you a question about opportunity costs.

If you went/are going to college, what was your opportunity cost?

Mine, for example was sacrificing my old job, which over three years would have brought in £36,000 (~$57,000); attending college cost me ~£21,000 (~$33,000) when taking into account tuition fees and loans.

So overall, my opportunity cost for attending college was £15,000 (~$24,000)

...an interesting link: http://www.owen.org/blog/283

Regards, Sam