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Spain and the influence of drawers (post by invitation)

inaugurate the 'by invitation' in the blog. Today, Orejana .

At times difficult to distinguish the influence of education in our way of perceiving the world. Just look at the pages of any of the economic sections of major newspapers in the world to have a full dimension of the situation facing Spain: recession, twin deficits, rising unemployment and high wage costs. But the problem of the motherland is not inside but outside its borders.

Valga an anecdote to illustrate the case. The island of Hong Kong remained until July 1, 1997 under British government control, from which time he left his colonial status to annex the territory of the People's Republic China. However, the transfer agreement was signed in December 1984, almost thirteen years before the actual transfer. The possibility that the island was ruled by the giant eastern generated a significant decline in asset prices since the start, particularly the real estate industry (after all, what difference would the rights of property under a communist government?). In any case, in those years of the early eighties, families and businesses in Hong Kong faced the loss of a significant proportion of their wealth. Faced with the possibility of a recession, the government of the island decided to implement a substantial devaluation of local currency (almost a third of its value.) The devaluation allowed this case to distribute the losses between debtors and creditors, blending liabilities denominated in Hong Kong dollars (elegant, when compared with the subsequent devaluation and asymmetric pesification Argentina). Neither history nor analysis belong to me, both are well documented in a concise written work a few years ago by Beer, Sargent and Wallace . For those interested, they know better than me explain the details.

back to the Iberian Peninsula, Spain does not seem so far away from Hong Kong (in economic and non-geographic, of course). The international crisis triggered a review of the wealth of individuals: a drop in the price of real estate and major assets the economy. With one difference: his commitment to a currency that does not control.

certainly difficult to distinguish the influence of education in our way of perceiving the world. In my case, I find it hard not to insist on some issues, and often return to the same debates over and over again. In this, everything seems reduced to a problem of rules versus discretion or flexibility against rigidity, as we remembered during a Saturday platense DH. Of course the problem could be avoided. In the final analysis, the vulnerability of the economy should always be a result of the policy implemented, but that is a topic for researchers (and those who enjoy Uchrony). No rule is moved, the great cronopio told us, the question always falls on the scale of the shock.

plagiarizing an old singer Huanguelén payments, I think a model is like a drawer. If there is something useful in an open it all the time, and if inside is crap, does not open ... never with enough crap out there.

White Stuff Floating In Urine

doctoral Fellowship at UNLP

Foncyt Scholarship - PICT 799/2007

Grant duration: 2 years

Start: 01/04/2010

$ 3,141 monthly stipend

Contest Closing: 01/03/2010

Topic: Study of municipal public sector and contributions for modernization. Argentina has a serious flaw in the way public sector organization with very small base (municipalities) and a pronounced peak (national and provincial governments). The study of the causes of this shortcoming and suggested reforms offer useful and relevant ideas for the design and evaluation of public policies.

Description of the issue of the scholarship:

Economic Theory of municipal governments 1. The division of powers and resources, the role of intergovernmental transfers. 2. Impact of decentralization policies on economic efficiency, income distribution, governance, transparency, fiscal responsibility, local development, political participation and civic virtues. 3. Applications to the municipal public sector Argentina.

doctorado@depeco.econo.unlp.edu.ar

alberto@depeco.econo.unlp.edu.ar

Do I Need A Snow Chain To Whistler 2010

China: Prices

In recent years, the remarkable growth in several emerging countries has transformed the global energy scene, putting pressure on the sustainability of the whole system. In this regard, the international community faces a difficult dilemma: if it is true that access to affordable energy sources is key to ensuring the growth and eventual development of emerging economies the intensive use 'dirty' but cost-effective generates harmful effects on the environment. These tensions were expressed at the recent United Nations Conference on climate change developed in Copenhagen, which were evident institutional constraints that prevent reach a significant and binding agreements in relation to control gas emissions emissions.

In this context, we are witnessing the emergence of two new 'giant' energy: China and India. Figure 1 describes the time evolution of primary energy consumption of the main Ales countries and regions. We see that today, China has surpassed ampliam or entity to the European Union and is the second largest consumer of energy globally. It is also the second-largest electricity (after the United States) and the third energy producer (behind the United States and Russia). The dynamics of India is also surprising, although the volumes are much lower: for 2008 consumption resembles nothing less than that of Japan, where 30 years earlier and did not reach 30% of the latter.

On the other hand, from the environmental point of view the picture is not encouraging, since both China and India energy structure based primarily on the combustion of coal, one of the most polluting energy sources. The following table gives an account of this.

Oil remains the dominant fuel worldwide, maintaining majority share in all regions except Europe and Asia Pacific. Coal is the dominant fuel in Asia, and their participation is increasing. Asia accounts for 61.5% of global consumption of coal is higher overall participation for all fuels in all regions, thus we see that the region depends heavily on this energy source.

coal dependence partly explains the relatively low efficiency of the energy industry in these countries, together with the composition of the coal industry (coal mines and small-scale, very low-tech to low productivity and high pollution ) and issues associated with transport (coalfields are far from the regions of highest energy consumption).

However, if we consider the statistics in terms of per capita consumption of both countries is still far much of the world average. For example, electricity consumption in China in 2003 was 1464 kWh per capita, equivalent to U.S. consumption in 1941, Japan in 1962 and Taiwan in 1975. This is another sign of alarm, not only for energy sustainability issues but on environmental grounds, since in the coming years is expected to inc remento significant electricity consumption (the main primary source of energy is coal.)

Indeed, Figure 3 shows the exponential trend of electricity consumption in China, growing at rates never seen before. Consequently, the demand for coal-derived, follows a similar pattern. Naturally, this has an impact on the level of greenhouse gas emissions (Figure 4) : according to private estimates, in 2009 China had already overtaken the United States on emissions.

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Undoubtedly, the process of modernization that is experiencing particularly Southeast Asia and emerging countries in general, poses a significant energy challenge. While it is a complex situation, we must work together in building partnerships to overcome the differences arising from the diversity of interests between developed and emerging countries and also present and future generations-.