Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 16. Oktober 2015

The Japan Syndrome Comes to China

Posted by hkarner - 16. Oktober 2015

Photo of Jeffrey D. Sachs

Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Special Adviser to the United Nations Secretary-General on the Millennium Development Goals. His books include The End of Poverty, Common Wealth, and, most recently, The Age of Sustainable Development.

OCT 16, 2015, Project Syndicate

NEW YORK – China is now experiencing what Japan went through a generation ago: a marked slowdown in economic growth after demands by the United States that it restrict its exports. In the late 1980s and early 1990s, Japan was criticized by the US as an “unfair trader” by virtue of its soaring manufacturing exports. The US issued stern, and apparently credible, threats to restrict Japanese imports, and succeeded in pushing Japan to overvalue the yen, which helped to bring Japanese growth to a screeching halt.

That may be happening again, with China’s growth slowing markedly under the weight of an overvalued currency urged by the US. Figure 1 shows the yen’s real (inflation-adjusted) exchange rate from 1964 (when the yen became convertible on the current account) until today. A rise in the index signifies real appreciation, meaning that the yen became more expensive relative to other currencies after correcting for relative price-level changes. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Energiewende: In diese Länder fließt der deutsche Strom

Posted by hkarner - 16. Oktober 2015

Date: 16-10-2015
Source: SPIEGEL

Die Energiewende setzt Deutschland bisher im Alleingang um, doch der Strommarkt ist längst europäisch. Die Infografik der Woche zeigt, wo unser Strom herkommt und wohin wir ihn verkaufen.

D Strom Woher WohinStatista, ONLINE

Was SPIEGEL ONLINE schon vor Tagen berichtete, ist seit diesem Donnerstag offiziell: Die EEG-Umlage steigt auf ein neues Rekordhoch von 6,35 Cent pro Kilowattstunde im Jahr 2016. Im laufenden Jahr waren es noch 6,17 Cent.
Die Kritik der Wirtschaft kam prompt: Von einem „Kostenmonster“ sprach der Gesamtverband der Textil- und Modeindustrie, von einem „gravierenden Wettbewerbsnachteil“ der Bundesverband der Deutschen Industrie.

Die EEG-Umlage verursacht Mehrkosten auf der Stromrechnung deutscher Verbraucher. Doch der Strom an sich ist längst international geworden. Deutschland kauft und verkauft munter Strom über die Grenzen hinweg, wie die Infografik der Woche von Statista und SPIEGEL ONLINE zeigt.

114 Terawattstunden gingen über die Grenzen

Laut der Arbeitsgemeinschaft Energiebilanzen wurden 2014 in Deutschland 625 Terawattstunden (TWh) elektrische Energie produziert. Jeweils ein Viertel davon wurde aus Braunkohle und erneuerbaren Energien gewonnen, die andere Hälfte verteilte sich auf Steinkohle, Kernenergie, Erdgas und andere Energieträger. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Wie viele Afrikaner nach Europa?

Posted by hkarner - 16. Oktober 2015

Prof. Dr. Dr. Gunnar Heinsohn, Bremen am 24.06.2015: Malik-Blog

 

Für die Aufnahmekapazität Europas bis 2050 gibt es viel Unklarkeit, aber doch ein paar An-haltspunkte. Knapp 1,1 Millionen Zuwanderer überschreiten im Jahre 2012 und gut 1,2 Millio-nen im Jahre 2013 die Grenzen der deutschen Bundesrepublik (82 Millionen Einwohner). Sie haben ihre Migration unabhängig von den gleichzeitig aus Deutschland Abgewanderten (0,7 bzw. 0,8 Mill. [1]) geplant. Würde man die deutschen Zahlen „gerecht“ auf die EU mit ihren 507 Millionen Einwohnern umlegen und bis zum Jahre 2050 fortrechnen, dann würden in 35 Jahren rund 250 Millionen Wirtschaftsflüchtlinge in die Europäische Union (EU) kommen können.
950 Millionen Menschen wollen 2050 aus Afrika sowie den nichtafrikanischen Araberländern entkommen, soweit man die (vor Boko Haram oder dem Ölpreisverfall) für 2009 erfragten Pro-zentsätze [2] hochrechnen kann. Niemals zuvor in der Geschichte wollten so viele Verzweifelte auf die Beine machen. Statt 1,2 Mrd. 2015 wird Afrika 2050 rund 2,4 Mrd. Menschen beherber-gen. Schon 2040 wird die Hälfte der Menschheit im Alter unter 25 Jahren afrikanisch sein. [3] Für die 950 Millionen Wanderungswilligen wären 250 Millionen Angebote zwischen 2015 und 2050 ein beträchtliches, wenn auch bei weitem nicht ausreichendes Angebot. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Cadastral Registration Under Way In Greece!

Posted by hkarner - 16. Oktober 2015

Wednesday, October 14, 2015, Observing GreeceKastner

I have written before about the project of cadastral registration which is allegedly under way. Like with so many reform intentions in Greece, I have begun to make it a habit to say: „I believe it when I see it!“

Well, I am beginning to believe that cadastral registration may indeed be under way!

My wife’s father, a farmer, had owned several small pieces of land in the region near Kavala. Not really of any significant material value, according to my wife. When her father died about 17 years ago, he had left no testament. My wife told her brother and sister that, whatever there was, they could have it. She even put something in writing to that effect, she recalls.

Thus, in the absence of a testament, the land would have legally gone to my wife, her mother and her brother and sister, in equal amounts according to Greek law, I am told, and my wife thought that her share had been passed on to the others. A few years later, my wife’s mother died as well and she did not leave a testament, either. Thus, the land should have moved in equal one-thirds to my wife, her brother and sister. Again, my wife told them they could have it. And that, she thought, was the end of it. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Costs and benefits: Common market economics

Posted by hkarner - 16. Oktober 2015

what is also interesting in the chart below: Austria’s labour market is one of the least regulated! (hfk)

Date: 15-10-2015
Source: The Economist

Better off in or out?

IN ALL THE arguments over Brexit, nothing generates as much heat as the economics of it. Being part of a large customs union brings gains from increased trade, but it can also divert trade from better non-EU markets and more efficient non-EU suppliers. Access to the world’s biggest single market offers clear economic benefits, but they come at the cost of regulatory burdens imposed by Brussels and a large net contribution to the EU budget. And there is no counterfactual: nobody knows what a Britain outside the EU would be like, or what sort of relationship it would have with the EU. The four biggest economic concerns are regulation, trade, foreign direct investment and migration.

Regulation is perhaps the Eurosceptics’ biggest bugbear. When trying to show how much Britain might gain from leaving the EU, they tot up all the costs of EU regulation, assert that there are no benefits from it and assume that, after Brexit, the whole lot could be scrapped. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Great-power politics: The new game

Posted by hkarner - 16. Oktober 2015

Date: 15-10-2015
Source: The Economist

American dominance is being challenged

A CONTINENT separates the blood-soaked battlefields of Syria from the reefs and shoals that litter the South China Sea. In their different ways, however, both places are witnessing the most significant shift in great-power relations since the collapse of the Soviet Union.

In Syria, for the first time since the cold war, Russia has deployed its forces far from home to quell a revolution and support a client regime. In the waters between Vietnam and the Philippines, America will soon signal that it does not recognise China’s territorial claims over a host of outcrops and reefs by exercising its right to sail within the 12-mile maritime limit that a sovereign state controls.

For the past 25 years America has utterly dominated great-power politics. Increasingly, it lives in a contested world. The new game with Russia and China that is unfolding in Syria and the South China Sea is a taste of the struggle ahead. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Will Technology Kill Convergence?

Posted by hkarner - 16. Oktober 2015

Photo of Kemal Derviş

Kemal Derviş

Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is a vice president of the Brookings Institution.

OCT 15, 2015, Project Syndicate

WASHINGTON, DC – At last week’s annual meetings of the World Bank and the International Monetary Fund in Lima, Peru, one topic that dominated discussions was the slowdown in emerging-economy growth. Hailed in the wake of the 2008 financial crisis as the new engines of the world economy, the emerging economies are now acting as a drag on global growth, and many argue that their era of rapid expansion – and their quest to achieve convergence with advanced-country income levels – is over. Are the doomsayers right?

There is certainly reason for concern – beginning in China. After decades of nearly double-digit growth, China appears to be experiencing a marked slowdown – one that some argue is actually worse than official statistics indicate.

As China’s growth slows, so does its demand for oil and commodities, with severe effects for other emerging economies that depend on commodity exports. Moreover, the benefits of lower commodity prices do not seem to have materialized among net importers, except perhaps India; if they have, they have been far from adequate to offset other growth-damaging forces. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , , | Leave a Comment »

The Crisis Europe Needs

Posted by hkarner - 16. Oktober 2015

Photo of Barry Eichengreen

Barry Eichengreen

Barry Eichengreen is Professor of Economics at the University of California, Berkeley; Pitt Professor of American History and Institutions at the University of Cambridge; and a former senior policy adviser at the International Monetary Fund. His newest book, Hall of Mirrors:The Great Depression, the Great Recession, and the Uses – and Misuses – of History, was just published by Oxford University Press.

OCT 14, 2015, Project Syndicate

BERKELEY – It’s hard to be optimistic about Europe. Last summer, a political cage match between Germany and Greece threatened to tear the European Union apart. In country after country, extremist political parties are gaining ground. And Russian President Vladimir Putin’s incursion into Ukraine, in the EU’s backyard, has turned the common European foreign and security policy into a punch line.

Now comes the refugee crisis. The EU’s 28 member states are quibbling over how to distribute 120,000 refugees, when more than three times that number crossed the Mediterranean in the first nine months of 2015 alone. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »