Posts tagged : "Economics"

Kourosh Ziabari - Fair Observer: Located in the Fennoscandian region of northern Europe, Finland shines as one of the most successful democracies in the world, coming first in the 2014 World Press Freedom Index by Reporters Without Borders. The Nordic country has very good economic indicators and was classified by The Heritage Foundation as the world’s 16th country in terms of economic freedom. Despite being affected by the global economic crisis, Finland has a flourishing economy with a nominal gross domestic product (GDP) of $267 billion. Finland is a country in which you rarely experience such phenomena as inflation or overpricing. Transparency and government accountability are the major characteristics of the nation’s...

  Kourosh Ziabari - Tehran Times: Prof. Vernon L. Smith believes that economic sanctions cannot contribute to furthering the objectives of the mankind and simply throttle trade and human economic betterment. According to the prominent American economist, dynamic and massive trade with other countries is an advantage, but inevitably leads to indebtedness and entails its own difficulties. “Trade increases specialization and growth in income, most dramatically in countries with lower wages and material costs; their exports rise faster than their imports; their surplus foreign currency earnings are invested in these foreign countries. Chinese dollars earned from net exports are returned to the U.S. as capital inflows, used to...

Kourosh Ziabari- Tehran Times: The United States’ economy is experiencing ups and downs these days, especially following the eruption of the widespread economic crisis that began to take in the West since early 2010. The United States was once a thriving and robust economy; however, the American people are currently experiencing such questions as poverty, unemployment and other economic difficulties. Prominent economist and the 2006 Nobel Prize laureate in economics Edmund Phelps believes that the economic disadvantage in the United States is far more extreme than it is in countries such as Switzerland or Uruguay. “I know there is a sense that the new technologies are not raising the value of labor in the production process,...