What Causes a Current Account deficit

A current account deficit on the Balance of Payments means that the value of imports for goods and services is greater than the value of exports. The US currently has a very large current account deficit, roughly between 6-7% of GDP. This deficit threatens to cause a significant devaluation in the US dollar. This essay looks at the causes of a balance of payments deficit.

Different Types of Unemployment

Causes of Unemployment including frictional, structural, geographical and classical unemployment. Explanation of each type of unemployment

Transportation and Economics in the United States

Billions if not Trillions of dollars of productivity are lost each year in our nation due to over stressed road ways. As citizens, trucking companies and government workers sit in traffic everyone loses whether it is the tax payer, consumer, employee or transportation company. Worse off we all pay by breathing in the increased CO2 that occurs due to idling cars putting out excess fumes.

The Wave of Changing Demographics and the Need for an Intellectual Capital Insurance Policy

As populations age there will be fewer people providing the productivity and more people on the public receiving side of things. This poses a problem for many nations including the United States. Recently, our Online Think Tank considered this and a member William Sheridan mentioned the need for an Intellectual Capital Insurance Policy for Canada and the US.

The Concept of Value

Does insurance really bring value to the person buying it? Read on - it's time to do some thinking!

The Circular Flows of Economic Might

An entrepreneur is asked would he go work in China for an extremely large company there? This is an interesting question as so many recruiters are looking for folks to go to China who speak English and understand how to run a large company and have management skills. The entrepreneur thought about the incredible offer, benefits and pay and then stated;

A Thought I Leave With You Today on Free Markets Drifting Away

We need free-markets and we must remember the words of Adam Smith. And too that point I wish to add; Free Markets should allow winners to succeed and losers to fail, not prop up those who fail to innovate and adapt and curtail those with the innovations. Some modern day liberals say that they are leveling the playing field, yet pass legislation for raising minimum wage and regulation to create price controls.

Fairtrade Fortnight Special: Shopping For a Better World Part 2

There are three different kinds of company - the alternative, the altruistic and the renegades. The interaction and relative commercial success of these different types of company are at the heart of the battle for the future market.

The Land of Unequal Opportunity - Poverty in America

In the United States, disparities between rich and poor have risen sharply. Low-income individuals are increasingly unlikely to escape from their economic position of poverty.

A Look At South African Poverty!

South Africa can boast of a mixture of several races and cultures due to its historical background. Several different population groups with different languages, cultural backgrounds and origins all reside in South Africa. If one were to measure human development by established standards such as life expectancy, infant mortality and adult illiteracy, South Africa would compare unfavorably with many other middle-income countries of the world.

Transport 21-Infrastructure Development in Ireland

Transport 21 is an ambitious development plan aimed at improving national infrastructure in Ireland. The plan was launched by Minister for Transport, Martin Cullen, in 2005 and will be completed by 2015

Addressing Educational and Safety Needs through Direct Intervention

Quality of services provided in the child care sector is far from perfect. Guess what the solution to the problem is...

Milton Friedman and Plato; Can We Really Compare?

Not long ago our Online Think Tank had considered the perfect Utopia and all the philosophical debates from Plato's Republic and Atlantis to Thomas Jefferson to Milton Friedman. In fact we took a gander studying many civilizations such as the Byzantine Empire, Aztec Civilization, Greeks, Romans, Chinese Dynasties and well you get the idea. We study economies, trade routes, slavery, colonization, Dictatorships, Communism, Feudalism, Socialism and present period first world nations.

Social Changes In Modern Turkey

Modern Turkey has greatly been influenced by the Western world. However, it has still remained some unique samples of social changes which can be referred to the Turkish society only.

Taps Instead Of Taxes-Free Trade And Globalization Has Made U.S. Tax Codes Obsolete

Governor Arnold Schwarzennegger of California calls for universal health care and gives some interesting ideas on how to pay for it. Competition in the Global arena may require the USA to consider universal health care to remain competitive in the free market that has gone haywire. Taxes should be converted to transaction fees or call them Taps. In essence tariffs have been taken off products and put on workers and work itself. It is impossible to compete in a global arena if the work day, workers and labor are taxed directly.