Saturday, December 31, 2016

Winners and losers from Nicaragua's canal project

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/nicaragua%E2%80%99s-polarising-%2450bn-canal-project/5266775859001

Income inequality in the USA and the minimum wage

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/us%3A-battle-for-minimum-wage-hike-to-intensify-in-2017/5266745436001

Current top trade partners of the United Kingdom

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/current-top-trade-partners-of-the-united-kingdom?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2031st%20December%202016&utm_content=Economics%20daily%20digest%20Sat%2031st%20December%202016+CID_1e5be896bc0a4501de3b1ca03b2f8a7c&utm_source=CampMonitor&utm_term=Current%20top%20trade%20partners%20of%20the%20United%20Kingdom%20Who%20knows%20what%202017%20will%20bring%20But%20this%20chart%20courtesy%20of%20our%20friends%20at%20Trade%20News%20Analysis%20is%20a%20stark%20reminder%20of%20the%20importance%20of%20trade%20with%20fellow%20members%20of%20the

Friday, December 30, 2016

UK trade: EU v non EU

Thanks to the Guardian for this data
The EU buys 44% of the UK's exports and provides 54% of its imports
Share of trade, 2015
EU
Rest of world
Goods exports (EU total £134bn)
Services exports (EU total £89bn)
Combined
Goods imports (EU total £223bn)
Services imports (EU total £68bn)
Combined
0%
25
50
75
100
Guardian graphic | Source: ONS

Sunday, December 18, 2016

Saturday, December 17, 2016

Providing alcoholics with alcohol: A Canadian solution to market failure

It's important to realised that the aim of government intervention in markets is to reduce externalities so that output is at the social optimum> Is this an example of such a policy?

http://video.aljazeera.com/channels/eng/videos/canadian-charities-try-new-method-to-help-alcohol-addicts/5251933039001