Jun 10 2008
Welker’s daily links 06/09/2008
Published by Jason Welker at 12:30 am under Daily Links
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FT.com / World – Emerging-market cities climb world rankings
Shanghai ranked one of the best cities in the world for global commerce:
“Shanghai jumped into the top 25 in this year’s index, joining seven other Asian cities in this group with an eight-position jump that was the most of any city in the index. Among the world’s most populous and fastest-growing cities, Shanghai’s position in the index was bolstered by its economic stability, its legal and political framework, an increased quality of life and China’s booming economy.”
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Why the oil boom will eventually bust – Jun. 6, 2008
Are high oil prices here to stay? This article suggests they’re not. New supplies will come online at the same time that consumers start to conserve and switch towards alternative energies.
“The longer prices stay stratospheric, the worse the eventual crash – simply because the higher the prices and bigger the profit margins, the bigger the incentive to over-produce.
It’s even possible that, a few years hence, we could see a sustained period of plentiful oil supplies and low prices, meaning $50 or below.”
About the author: Jason Welker teaches International Baccalaureate and Advanced Placement Economics at Zurich International School in Switzerland. In addition to publishing various online resources for economics students and teachers, Jason developed the online version of the Economics course for the IB and is has authored two Economics textbooks: Pearson Baccalaureate’s Economics for the IB Diploma and REA’s AP Macroeconomics Crash Course.
Jason is a native of the Pacific Northwest of the United States, and is a passionate adventurer, who considers himself a skier / mountain biker who teaches Economics in his free time. He and his wife keep a ski chalet in the mountains of Northern Idaho, which now that they live in the Swiss Alps gets far too little use. Read more posts by this authorRelated posts:
