Wednesday, August 10, 2011
Links for August 10, 2011
.
1. The world's current credit rating. As the picture shows, Nepal is not rated.
2. How do you sell your country's centuries of history? Well, learn it from the corrupt Nepalese politicians and bureaucrats.
3. More Nepalese are traveling outside Nepal as tourists.
4. Nepalese government to guarantee jobs to the poor.
5. Phillips Curve shows the relationship between the inflation and unemployment rate in a country. It suggests that these two macroeconomic variables have an inverse relationship i.e. when inflation is low, unemployment is high, and vice versa. The graph showing this relationship is below:
Does this mean Phillips Curve fails in the Nepalese context? Because we are suffering from "high inflation" and "high unemployment" at the same time. I don't know. Maybe some other factors are at play.
1. The world's current credit rating. As the picture shows, Nepal is not rated.
2. How do you sell your country's centuries of history? Well, learn it from the corrupt Nepalese politicians and bureaucrats.
3. More Nepalese are traveling outside Nepal as tourists.
4. Nepalese government to guarantee jobs to the poor.
5. Phillips Curve shows the relationship between the inflation and unemployment rate in a country. It suggests that these two macroeconomic variables have an inverse relationship i.e. when inflation is low, unemployment is high, and vice versa. The graph showing this relationship is below:
Does this mean Phillips Curve fails in the Nepalese context? Because we are suffering from "high inflation" and "high unemployment" at the same time. I don't know. Maybe some other factors are at play.
Labels: corruption, credit rating, jobs, tourism, unemployment
Subscribe to Posts [Atom]
Post a Comment