Politic / Economic issues


10Aug

Global Economic Downturn: A Crisis of Political Economy

Classical political economists like Adam Smith or David Ricardo never used the term “economy” by itself. They always used the term “political economy.” For classical economists, it was impossible to understand politics without economics or economics without politics. The two fields are certainly different but they are also intimately linked. The use of the term “economy” by itself did not begin until the late 19th century. Smith understood that while an efficient market would emerge from individual choices, those choices were framed by the political system in which they were made, just as the political system was shaped by economic realities. For classical economists, the political and economic systems were intertwined, each dependent on the other for its existence.

Posted in Politic / Economic issues

08Aug

Se recupera México de la crisis mundial; crecerá 4.5%, destaca el FMI

WASHINGTON, 8 de agosto.- La economía de México se ha recuperado con rapidez de las secuelas de la crisis mundial y este año crecerá un 4.5%, con "una situación inflacionaria benigna", indicó este lunes el Fondo Monetario Internacional (FMI).

"Tras una fuerte contracción en 2009, el crecimiento de México repuntó con fuerza en 2010, alcanzando un 5.4%", señaló la institución después de la conclusión de una consulta con las autoridades mexicanas.

El informe añadió que, "gracias a ese crecimiento robusto, el producto retornó a los niveles anteriores a la crisis", en una recuperación encabezada por la exportación de manufacturas y un repunte de la demanda interna que contribuyó a sostener el impulso.

Posted in Politic / Economic issues