UW Economics Society presents some commentary!
Waterloo Economics students you must watch the above video to fully understand the awesomeness I am about to sell you. Can you imagine not having your Ye's sushi? Even the iPads are gone?! Why would the government do this to those businesses and its citizens?
The Argentina government claims to be stimulating local businesses and industries but the article shows at least some businesses and employees hurt. At the heart of the story is Argentina's trade balance.
What is a trade balance? What does that have to do with a trade surplus and why is Argentina so interested in holding it? The video mentions the resulting deficit is structural, what does that mean? How and why does Argentina use it's surplus to buy fuel? This seems very close to the idea of "Buy American" except enforced by a government, why does the Argentina government believe its necessary?
There are just so many questions but all the answers and more can be found in a course, ECON 231 Introduction to International Economics!
You should seriously consider taking ECON 231. If you are really interested in the topics covered in this video you may also want to consider ECON 436 and 488.
My other blog post about ECON 231 Sharing our Loonie. Check it out!
