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How ASEAN Benefits From China’s Growth

How ASEAN Benefits From China’s Growth

Source: South China Morning Post, Tom Plate   Written By: Pau Khua Mung   As China focus its attention to a capital-intensive, high labour-productivity manufacturing as well as services industries, it has been looking towards ASEAN to transfer its manufacturing processes. Given ASEAN’s close proximity with China, coupled with its low cost of labour [7],…

Why Sub-Saharan Africa Remains Mired in Extreme Poverty

Why Sub-Saharan Africa Remains Mired in Extreme Poverty

Why Sub-Saharan Africa Remains Mired in Extreme Poverty Written by: Gerardus Yosari According to the World Bank, the region of Sub-Saharan Africa (SSA) in 2017 had a total GDP (US$) per capita of 1,574.77 and a population of 1.061 billion (World Bank, 2019).  For economic development, Sub-Saharan Africa is the most dependent on other continents…

Climbing Through Uncertainty: The Philippines

Climbing Through Uncertainty: The Philippines

Climbing Through Uncertainty: The Philippines By: Ibarra Jonel Mari Gabertan Inflation: A necessary evil? Inflation is a common term both in and out of the academic realm of economics which, simply put, refers to the percentage change in prices of goods over a period of time. It is estimated using the weighted average of prices…

Macro Perspective III: Your Future in Economics

Macro Perspective III: Your Future in Economics

          The SIM Economics Society presents:  “A Macro Perspective: Your Future in Economics”. Are you pursuing a degree in Economics, Finance, Accounting or Business and are confused over your career prospects in the future? Take this opportunity to get some clarity and have your questions answered from our distinguished SIMES alumni…

THE PARADOX OF VALUE

THE PARADOX OF VALUE

THE PARADOX OF VALUE By Avantika Sen     Diamonds are, preferably regarded as a status symbol, to adorn ourselves with. However, they are valued more highly than water, which is a pre-requisite for sustaining life. Is  water’s fewer “valuable uses” in the household (washing cars, utensils and clothes), the cause of a dampening effect…

“America, the Trump card on NAFTA is not your Ace of Spades!”

“America, the Trump card on NAFTA is not your Ace of Spades!”

“America, the Trump card on NAFTA is not your Ace of Spades!” By Cheng Xinyong Background of NAFTA Established fully in 1994, North American Free Trade Agreement (NAFTA) is a trilateral agreement between Canada, the United States of America and Mexico. The agreement was, then, signed by U.S President, George H.W. Bush, Canadian Prime Minister,…

Oh no, it’s Thanksgiving Day!

Oh no, it’s Thanksgiving Day!

Oh no, it’s Thanksgiving Day! By Dominic Seah Yong Ming Turkey, the country that connects the Middle East to Europe, consists of a cultural hotchpotch of 81 million people [1]. During its recent general election that was held on 24 June 2018, Recep Tayyip Erdoğan (Erdoğan) managed to get re-elected and retained his position as the…

Economics Behind A Trade War

Economics Behind A Trade War

Economics Behind A Trade War By Anmoldeep Singh Karwal     The economic policies of United States President Donald Trump, often referred to as Trumponomics or MAGAnomics include trade protectionism, immigration reduction and individual and corporate tax reform. In January 2018, President Donald Trump initiated trade protectionism via tariffs on imports of international goods from…

Pyongyang’s Taste of Capitalism

Pyongyang’s Taste of Capitalism

Pyongyang’s Taste of Capitalism By Xiao Siming U.S. President Donald Trump met with North Korean leader Kim Jong-un on June 12, 2018, in Singapore, during the first summit meeting between the leaders of the two countries. Needless to say, this was a historic event as this was the first ever meeting between a current US…

The “Crypto-standard”

The “Crypto-standard”

The “Crypto-standard” A look at redefining our standards on money. by Xiao Siming   What is money? This is a question often thrown around among my friends; and they would frequently joke about the numbers and digits in their banks, or the stack of paper they have in their wallet. But does money only entail…

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