Econ. 06/27/2012 - Developed Countries Shy of Commitment to Sustainable Development.

1. What is paying “lip service”? Do you think technology is important for developing countries to have? Lip service is an expression of agreement that is not supported by real conviction.

I definitely do think that technology is important for developing countries to have because it would help to accelerate the process of their economic growth.


2. Do you think developed countries have an obligation to help the developing countries (3rd world)? I don't think that developed countries have an obligation to help developing countries because every country is being run by different government, so it's only best for each country to be in charge of their own economy. Not all leaders accept help from other countries. Although it’s a great idea for bigger countries to help weaker countries I don’t see why they should be obligated to do so.


3. Define what Summit is.

Summit is the highest attainable level of achievement; the highest level of diplomatic or other governmental officials.

4. Why would a nation need more capital (money) to boost their economy? Why would they need other countries for that?

A nation needs more money to boost up their economy because they are in need of a lot of resources, and since they have no money they aren’t able to get ahold of any of the resources needed to keep their country running like it should be. They need other countries to help them out they have more money and could possibly help them out. If other countries are not helping them out then nobody could really help them.

5. What is going green? How does it relate to the economy? “Going green” is a popular phrase being bandied about these days. Chances are, you have heard it referred to quite a lot. But what does going green mean? In essence, it refers to using various everyday methods to help save the world and its environment. Many people consider going green to be an actual lifestyle; for them, it means basing your actions on working to save the world. From the smallest details to the most sweeping aspects of life, saving the world by implementing a green lifestyle is something that more and more people are aiming to do. Going green creates new jobs and industry, but also increases the likelihood of job losses in traditional work environments.

6. What is Gross Domestic Product (GDP) and what is the current U.S. GDP? The Gross Domestic Product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period. You can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year.  The current U.S. GDP is $14,586,736,313,339.

7. What was the big success for developing countries according to Puri?

It was itself a great deal of achievement on the part of developing countries, says Puri.

8. Reflect for a page about your feelings of developing countries receiving aid from developed countries. Do you think it’s fair? Should the world be equal in their GDP? How do you feel about third world countries borrowing from first world countries? Is their risk in it for 1st world nations? What would you tell third world nations if you were a first world nation? (one page).

I think that it seems right if the world was equal in the GDP, unfortunately that can’t happen because of the differentiating economies of all the countries. The third world countries need money and I understand that they need money from the first world countries, but I don’t think first world countries should be obligated to help these other countries. In my opinion I think they should help them out but I’m in between because not all country leaders think the same and not all of them would be up to help out these countries. If I was a first world nation I would negotiate with them for some of their resources and goods.

Econ. 06/18/2012 - The Beginning.

Yay! I have official created my first blog!!
My name is Selena, and this is how you will find me.

Econ. 06/20/2012 - Federal Reserve

1.      The Federal Reserve System has been engaged in an enormous effort to stimulate growth ever since Wall Street began to wobble in 2007.

2.      The Federal Reserve System has been doing the best it can to get the economy back up and running smooth.

3.      I agree. It’s a good thing that they’re doing something good to help the United States.

4.      From reading this article I learned that the Federal Reserve System is actually doing something to get the economy going back to normal.

5.      The Fed has exercised more influence over economic growth and the level of employment in recent decades than any other government entity. The central bank is also the government’s most important financial agency. It used all its traditional tools and many new ones to prop up the financial system after the Wall Street break down of 2008 and gave the economy better forms of support during the recession and weak recovery that followed.

Econ. 06/19/2012 - Why Punish the Savers?

1. Savers are angry because their savings are not worth as much anymore due to inflation.

2. The federal government shouldn’t allow this to happen because it affects a lot of people.

3. I agree that the federal government should at least make a long term commitment so that people know their money is somewhat safe.

4. Can you find a counter-argument/another argument to this article? After you read it, which one supports your beliefs more?

5. I learned that the federal government is in charge of all the money and whether the value goes up or down.

6. The fed needs to have a better system because I don’t think its right that people have to go through this. These people in the fed are not even elected and they are making big decisions. It is not okay that people who have worked all their lives to save up all this money all of a sudden lose so much money.

7. Make sure to double check all your responses in your blog for punctuation errors (spelling, commas, periods, run-on sentences…)

8. Go to Mr.Belzberg’s blog and send him an email upon completion of blog post.

9. Read two-four other blogs from your class.

10. Comment on at least two blogs. Let them know if agree or disagree, but be respectful, you will be graded on your comments as well as your own blog posts.

11. Find 10 keywords and define them in the article you read about.

12. Write 3 questions you have after reading.ter reading.