Government debt

natural resources. The paper also discusses options available to policymakers on how to best manage oil revenues and avoid negative externalities associated with the Paradox of Plenty. The paper concludes by stressing that one of the surest ways governments in oil-rich developing countries have at their disposal to avoid the so-called curse of oil is through the insulation of fiscal policy from the volatility associated with the price of oil. Moreover, the paper calls attention to the fact that efforts

collapse in only few years. When the problems started, they refused to admit them. They thought that they were under cover of the same economic crisis than the Latin American one because they were not face to large budget deficits, or to the burden public debt or to the rapid monetary expansion. And Asian countries have started to seriously take care of their problems too late. The causes of the Asian crisis have been clearly identified. First, substantial amounts of foreigners’ funds found themselves

Russia’s Domestic Debt to Rise Considerably17   Feb. 8 – The domestic debt of Russia in terms of government securities rose in 2011 at the fastest pace in 15 years, according to data published by the Finance Ministry on its web site today. Russia’s domestic debt expanded 42.5 percent to 4.19 trillion rubles (US$139.8 billion) as of January 1, up from last year’s 40.4 percent advance to 2.94 trillion rubles, the data showed. Prime Minister Vladimir Putin has said Russia’s debt grade is an “outrage”

Greece 5 3.1. The causes of the crisis 6 3.2. The current situation 7 4. The political and economic impact of the Greek economic crisis on the Euro-zone 8 5. Conclusion 10 6. Bibliography 11 1. Introduction In early 2010 sovereign debt crisis affected several countries located in Europe. The countries situated in the Euro-zone were called PIIGS, a grouping acronym used by some economists in order to refer to the following five countries; Portugal, Italy, Ireland, Greece, and Spain

des finances annonce une révision du déficit budgétaire. Contre les 3.7% attendus, il annonce un chiffre de 12.5% Ce chiffre sera révisé une deuxième fois, le 22 avril 2010, pour atteindre 13.6%. 2 La spirale BPs 1400 November 5 – The new government pledges to save Greece from banruptcy by cutting the budget deficit January 14 - Greece unveils a stability program w/ budget gap cut to 2.8% of GDP in 2012 from 12.7 in 2009 March 5 - New package of public sector pay cuts and tax increases April

chiffre sera révisé une deuxième fois, le 22 avril 2010, pour atteindre 13.6%. La spirale BPs November 5 – The new government pledges to save Greece from banruptcy by cutting the budget deficit 1400 1200 December 22 - Moody’s cuts Greek debt to A2 from A1 1000 800 600 October 4 Papandreou's Panhellenic Socialist Movement (PASOK) party wins power. At this stage, the government expects the 2009 deficit to reach 6% of GDP 400 March 5 - New package of public sector pay cuts and tax increases

une deuxième fois, le 22 avril 2010, pour atteindre 13.6%. 2 La spirale BPs November 5 – The new government pledges to save Greece from banruptcy by cutting the budget deficit 1400 1200 December 22 - Moody’s cuts Greek debt to A2 from A1 1000 800 600 October 4 Papandreou's Panhellenic Socialist Movement (PASOK) party wins power. At this stage, the government expects the 2009 deficit to reach 6% of GDP 400 March 5 - New package of public sector pay cuts

in Latin America.) Part of the plan was to build a massive hydroelectric dam on the TocantinsRiver to supply electricity for the aluminium plant. The Japanese refused to invest in either the dam or the necessary port facilities but the Brazilian Government did, as it was committed to the development of the region. When work began on the dam in 1977, Electronorte, the regional state electrical company, constructed a purpose-built city for the dam’s workers. It has a population of 60,000 and is a modern

agents? 3types of agents: households, firms and governments. For households: Higher economic growth leads to higher wages (if correctly distributed) which leads to higher consumption. So economic growth for households is a way to increase their consumption. Firms aim at doing high profits, and higher economic growth leads to higher profits. For the government, a high growth helps to reduce or cut down fiscal debt because it allows government to increase taxes or to reduce expenses. I/ INTRODUCTION

1) To compare the economic situation of the UK and the US I am going to use these five indicators : unemployment rate, consumer price index, gross domestic production, trade balance and public sector debt. First unemployment rate is the percentage of the work force who have no job and are looking for employment. According to me this rate is a major sign of the economic situation. In the UK this rate equals to 7.7 percent in November 2010 whereas it equals to 9,6 percent in the US. Then