Category Archives: Economy

Chinese Health Coverage Improves With Government Efforts

*A new study of health insurance in nine Chinese provinces shows that individual coverage surged within a two-year time frame, from 2004-2006, coinciding with new government interventions designed to improve access to health care. The changes were most dramatic in rural areas.*

PROVIDENCE, R.I. [Brown University] — Health care coverage increased dramatically in parts of China between 1997 and 2006, a period when government interventions were implemented to improve access to health care, with particularly striking upswings in rural areas, according to new research by Brown University sociologist Susan E. Short and Hongwei Xu of the University of Michigan. The findings appear in the December issue of Health Affairs.

Led by Xu, a former Brown graduate student, the study analyzed data from the China Health and Nutrition Survey, which follows households in nine provinces that are home to more than 40 percent of China’s population. Xu and Short specifically focused on patterns of coverage among rural and urban residents. (more…)

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New Projection Shows Global Food Demand Doubling by 2050

*Increasing yield in poorer countries could decrease adverse environmental effects*

Global food demand could double by 2050, according to a new projection reported this week in the journal Proceedings of the National Academy of Sciences (PNAS).

The analysis also shows that the world faces major environmental challenges unless agricultural practices change.

Scientists David Tilman and Jason Hill of the University of Minnesota (UMN) and colleagues found that producing the amount of food needed could significantly increase levels of carbon dioxide and nitrogen in the environment, and may cause the extinction of numerous species. (more…)

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Greek ‘Anti-Economist’ Offers Solution to Economic Crisis

*Standing room only crowd at Hart House*

Yanis Varoufakis, a self-described anti-economist, told a standing-room only crowd at Hart House that the current economic crisis could be solved in two weeks; provided the political will to do so also existed. (more…)

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Chinese Americans Don’t Over Borrow, MU Study Finds

*Financial education needed to help U.S. economy

COLUMBIA, Mo. – Bad mortgage loans and rampant consumer debt were two of the primary causes for the recent economic recession in the U.S. Despite a national trend of debt problems, a University of Missouri researcher has found one American population that holds almost no consumer debt outside of typical home mortgages. (more…)

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Rich Country, Poor Country: Economists say Financial Sector Key Driver of Economic Growth

Economists have long suspected that one reason developing countries struggle to emerge from poverty is that they lack robust financial sectors, especially when compared to wealthier nations.

Although it may seem obvious that a weak financial sector would stifle growth within a developing country, few economists until now have tried to determine just how this phenomenon occurs. This has made it difficult for policymakers and investors to understand how financial markets may be failing and to create effective solutions to correct them.

Economists Francisco J. Buera of UCLA and the Federal Reserve Bank of Minneapolis, Joseph Kaboski of the University of Notre Dame, and Yongseok Shin of Washington University in St. Louis present important insights into this phenomenon in a paper recently published in the journal American Economic Review. (more…)

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Anderson Forecast: U.S. Economy stalled, Employment ‘Horrible,’ but No New Recession

In its third quarterly report of 2011, the UCLA Anderson Forecast says the outlook for the nation’s economy is “far worse” than it was just three months ago.

Considering the weak, revised data for the first half of the year, the forecast calls for average gross domestic product growth of just 0.9 percent on average for the five quarters — this year’s four and the first quarter of 2012.

However, Forecast economists remain steadfast in their assertion that the U.S. is not currently in a recession, nor is there a recession in the forecast through 2013. (more…)

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