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Portal:Business and Economics |
Culture · Geography · Health · History · Mathematics · Natural sciences · Philosophy · Religion · Society · Technology
 The word "economics" is from the Greek words οἶκος oikos, meaning "family, household, estate," and νόμος nomos, or "custom, law," and hence literally means "household management" or "management of the state." An economist is a person using economic concepts and data in the course of employment, or someone who has earned a university degree in the subject. The field may be divided in several different ways, most popularly microeconomics (at the level of individual choices) vs. macroeconomics (aggregate results), but also descriptive vs. normative, mainstream vs. heterodox, and by subfield. Economics has many direct applications in business, personal finance, and government. Theories and empirical techniques developed as a part of economics have, given that economics is fundamentally about human decision making, been applied to non-monetary choices in fields as diverse as criminal behavior, scientific research, death, politics, health, education, family, dating, etc. In economics, business is the social science of managing people to organize and maintain collective productivity toward accomplishing particular creative and productive goals, usually to generate revenue. The Doha Development Round is the current trade-negotiation round of the World Trade Organization (WTO) which commenced at Doha, Qatar in November 2001. Its objective is to lower trade barriers around the world, permitting free trade between countries of varying prosperity. As of 2008, talks have stalled over a divide on major issues, such as agriculture, industrial tariffs and non-tariff barriers, services, and trade remedies.The most significant differences are between developed nations led by the European Union (EU), the United States (USA) and Japan and the major developing countries led and represented mainly by India, Brazil, China and South Africa. There is also considerable contention against and between the EU and the USA over their maintenance of agricultural subsidies—seen to operate effectively as trade barriers. The Doha Round began with a ministerial-level meeting in Doha, Qatar in 2001. Subsequent ministerial meetings took place in Cancún, Mexico (2003), and Hong Kong (2005). Related negotiations took place in Geneva, Switzerland (2004, 2006, 2008); Paris, France (2005); and Potsdam, Germany (2007). The most recent round of negotiations, July 23-29 2008, broke down after failing to reach a compromise on agricultural import rules.
Cape Verde is a small nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year. Most of the nation's GDP comes from the service industry. Cape Verde's economy has grown since the late 1990s, and it is now considered a country of average development. Cape Verde has significant cooperation with Portugal at every level of the economy, which has led it to link its currency first to the Portuguese escudo and, in 1999, to the euro. Former Portuguese prime minister José Manuel Durão Barroso, former (second semester 2004) president of the European Commission, has promised to help integrate Cape Verde within the European Union sphere of influence via greater cooperation with Portugal. In March 2005, former Portuguese president Mário Soares launched a petition urging the European Union to start membership talks with Cape Verde. In 2007 the United Nations graduated Cape Verde from the category of Least Developed Countries, only the second time this has happened to a country.[1] Cape Verde has been on the list of the United Nations Small Island Developing States, and is considered a Developing country in economic terms. On December 18, 2007, the General Council of the World Trade Organization approved a package for the accession of Cape Verde to the WTO. Accession became effective 30 days after ratification by Cape Verde, which took place on 23 June 2008. Wikinews Economy and business portal
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| Index (USA) | Last | Change |
|---|---|---|
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 40.30 |
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29.59 |
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28.54 |
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4.30 |
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9.62 |
| Index (World) | Last | Change |
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1071.90 |
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61.98 |
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42.69 |
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340.23 |
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352.05 |
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31.60 |
"What we need and can hope to achieve is not more power in the hands of irresponsible international economic authorities but, on the contrary, a superior political power which can hold the economic interests in check, and in the conflict between them can truly hold the scales, because it is itself not mixed up in the economic game. The need is for an international political authority which, without power to direct the different people what they must do, must be able to restrain them from action which will damage others. The powers which must devolve on an international authority are not the new powers assumed by the states in recent times but that minimum of powers without which it is impossible to preserve peaceful relationships, i.e., essentially the powers of the ultra-liberal "laissez faire" state."
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