Posts Tagged ‘Economy’

Strong Economy Expected to Continue in 2020

Experts see a strong year ahead for Michigan’s economy. Representatives from the Michigan Department of Treasury and U.S. Federal Reserve Bank predicted that the state’s strong 2019 economy is likely to continue into 2020. The forecast was made Jan. 9 during the fourth annual Economic Forecast Forum in East Lansing. The forum, the first statewide economic forecast event […]

How to Weather the Projected Economic Downturn

Business owners and households can take action now to deflect financial damage It seems every time you turn on the news someone is talking about the “R” word. While most agree an economic slowdown is possible in the near future, not all talking heads are calling it a recession. The very definition of a recession […]


Capital Area Michigan Works! and the State of Michigan Talent Investment Agency (TIA) are investing $3,485,709 in Greater Lansing businesses, with a goal of helping the Skilled Trades Training Fund (STTF) provide a marketable skill or recognized credential for individuals receiving training. Participating businesses are then able to compete, expand and make a positive contribution […]

Economic Development

For people residing in Europe or North America, it is difficult to imagine the widespread poverty that exists in certain poor African and Asian countries. These countries are developing countries, otherwise known as Less Developed Countries (LDC). Per capita GDP (Gross Domestic Product divided by the population) in some countries can be under $500 per […]

Trade Liberalization—The Global Approach

It is in the economic interest of countries to abolish tariffs and other trade restrictions, thereby liberalizing their foreign trade regime.Yet it is a fact of political life that countries are extremely reluctant to do so, and that is mainly because the benefits from liberalization are thinly distributed among the millions of consumers, each paying […]

Non-Tariff Barriers to Trade

Other restrictions that limit trade are either imposed by the government or practiced by the private sector but sanctioned by the government.Potentially more restrictive than tariffs are import quotas. Such a quota is a maximum amount of a commodity that may be imported into the country during the course of a year. While very common […]

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