{"id":45,"date":"2007-12-02T14:10:05","date_gmt":"2007-12-02T20:10:05","guid":{"rendered":"http:\/\/aspiringeconomist.com\/index.php\/2007\/12\/02\/from-the-latest-economist\/"},"modified":"2007-12-06T01:54:02","modified_gmt":"2007-12-06T07:54:02","slug":"from-the-latest-economist","status":"publish","type":"post","link":"http:\/\/aspiringeconomist.com\/index.php\/2007\/12\/02\/from-the-latest-economist\/","title":{"rendered":"From the Latest Economist"},"content":{"rendered":"<p>Two things caught my attention.  On <a href=\"http:\/\/www.economist.com\/finance\/displaystory.cfm?story_id=10223622\" target=\"_blank\">oil subsidies<\/a> in developing countries:<\/p>\n<blockquote><p>In India, as in many countries, the government dares not allow the rising price of crude to be felt in the common man&#8217;s pockets. Only a third of the 48 developing countries studied in an <span class=\"scaps\">IMF<\/span> review let the market set fuel prices. <strong>The governments of Yemen and Indonesia, for example, spent more holding down the price of fuel than they spent on health and education combined.<\/strong> Attempts to raise energy prices\u2014as in Yemen in 2005, Nigeria in 2000 or Indonesia in 1998\u2014have a sorry record of prompting riots and revolutions.<\/p><\/blockquote>\n<p><!--more--><\/p>\n<p>And, on <a href=\"http:\/\/www.economist.com\/world\/na\/displaystory.cfm?story_id=10214921\" target=\"_blank\">American&#8217;s opinion<\/a> of NAFTA:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/aspiringeconomist.com\/images\/free.jpeg\" align=\"middle\" height=\"112\" width=\"516\" \/><\/p>\n<p>I haven&#8217;t done an extensive literature review on NAFTA but based on <a href=\"http:\/\/en.wikipedia.org\/wiki\/NAFTA\" target=\"_blank\">Wikipedia <\/a>and <a href=\"http:\/\/ideas.repec.org\/a\/aea\/jecper\/v15y2001i1p125-144.html\" target=\"_blank\">this journal article<\/a> the consensus among economists seems to be that: &#8220;&#8230;both the U.S. and Mexico benefit from NAFTA, with much larger relative benefits for Mexico. NAFTA also has had little effect on the U.S. labor market.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two things caught my attention. On oil subsidies in developing countries: In India, as in many countries, the government dares not allow the rising price of crude to be felt in the common man&#8217;s pockets. Only a third of the 48 developing countries studied in an IMF review let the market set fuel prices. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,20],"tags":[],"class_list":["post-45","post","type-post","status-publish","format-standard","hentry","category-economics","category-trade"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/posts\/45","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/comments?post=45"}],"version-history":[{"count":0,"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/posts\/45\/revisions"}],"wp:attachment":[{"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/media?parent=45"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/categories?post=45"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/aspiringeconomist.com\/index.php\/wp-json\/wp\/v2\/tags?post=45"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}