EconoGraphics

International Relations scholars disagree about whether economic sanctions are an effective tool to coerce countries to follow a certain course of action.

20150428 Econograhic

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In March, the UK, Germany, Italy, and France decided to join the China-led Asian Infrastructure Investment Bank (AIIB), shocking the Obama administration.

EG IMF Reform Final

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While the US still leads the world in outflowing Foreign Direct Investment (FDI), the emerging markets are catching up quickly. Chinese outflowing FDI, in particular has grown tremendously: since 2005, it increased more than 30-fold in 8 years from $5 billion to $166 billion. While initial Chinese foreign investments focused on natural resource industries, over time the investments have spread to diverse industries like agriculture, manufacturing, and professional services. BRIC FDIs are emerging as key growth drivers for low income countries, improving their business environment, building infrastructure, creating jobs, and adding much-needed revenue to government coffers.

20150413 econographics

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Private banks throughout Europe have significantly reduced their exposure to Greek debt (bank, public, and non-bank private sector debt) over the last five years. After Greece came under market pressure and eventually obtained ECB and IMF financial assistance in 2010, most European banks started to rapidly reduce their exposure to Greece. For instance, between 2010 and 2014 French banks' holdings decreased from $63 billion to $2 billion.

20150407 Bank Exposure Greek Debt

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The International Monetary Fund's purpose and scope of work have changed since its founding after World War II. Whereas at first the Fund aimed to maintain monetary and exchange-rate stability among its members who were primarily advanced economies, today it faces its first credible challenge to its status as the world's lender of last resort.

20150331 econosource

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When President Obama announced his landmark policy shift towards Cuba, easing the 54-year-old embargo, one of the first companies to announce they would begin operating in Cuba was Netflix. The online video company's decision was surprising, if only because Cuba's internet is one of the slowest in the world.

20150324 econographic

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Today, the cap on US government spending (or the "debt ceiling") is officially reinstated, and with it, the threat of another clash over the national debt. Policymakers will have a runway of just months before they must decide to lift the cap on borrowing or temporarily allow it to be raised.

20150317 econographics

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20150309 EconoGraphic Museums

There’s never been a better time to be a tourist—as long as you’re paying in dollars. 

Major currencies worldwide have plunged in value, meaning each US dollar buys more euros and renminbi today than it did one year ago. For American tourists, this is good news: for instance, no museum listed here changed the sticker price of admission, but visitors can take advantage of a built-in rebate. With major economies outside the US struggling for economic growth, the ‘red carpet’ of deep discounts for tourists has been rolled out.

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Both the Ukrainian and Russian economies are suffering from recent events. While weak domestic institutions and a fight with insurgents in the country's East plague Ukraine, sanctions and low prices for oil and gas are hurting the Russian economy.


20150303 econographic

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In the last two decades, the Asia Pacific region has signed sixty-five free trade agreements. South America, Eurasia, and Europe combined have signed over one-hundred and fifty agreements. Over the same period, the US has signed twelve agreements.

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