International Economics: IB Economics
8.5K views | +0 today
Follow
International Economics: IB Economics
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
Your new post is loading...
Your new post is loading...
Scooped by Graham Watson
Scoop.it!

Elon Musk says he opposes US tariffs on Chinese electric vehicles

Elon Musk says he opposes US tariffs on Chinese electric vehicles | International Economics: IB Economics | Scoop.it
He previously warned Chinese car makers would "demolish" rivals if there were no trade barriers.
Graham Watson's insight:

It's interesting - and entirely in character for Elon Musk to contradict himself - that the Tesla boss is opposed to US tariffs on Chinese electric vehicles. 

 

His argument, according to the article is that "Things that inhibit freedom of exchange or distort the market are not good". China is, of course, likely to retaliate.

No comment yet.
Scooped by Graham Watson
Scoop.it!

Tackling the Global Water Crisis

On the eve of the first United Nations Water Conference in over 40 years, global leaders lay out why proper management of water is so essential to the future of our planet and all who live on it.

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

Graham Watson's insight:

I've already 'scooped' about this issue on the Microeconomic board, but this World Economic Forum clip rather shifts the focus, away from the issue of scarcity, towards the central role that fresh water plays in fostering development. 

 

These vox pops highlight the many different roles for water, and its importance to the planet. It's also interesting to note that we are falling short of meeting those water-related Sustainable Development goals.

 

However, like my earlier scoop, the clip also highlights the role of proper pricing and property rights in ensuring that water is allocated efficiently. 

No comment yet.