The Economist Articles — Week of 5 Mar 2016

Every week I read through The Economist to pick out articles that may be useful for teaching in the classroom. I’ll be sharing some of my notes and the discussion prompts I’ve come up with in these weekly posts. For students, they can serve as guide-rails for your reading. For teachers, I hope they will be helpful for your teaching.

1. Electricity in Nigeria — Powerless

Asymmetric information: “Even as companies were bidding to buy power stations… striking staff prevented them from looking at what they were buying… they had bought rundown equipment and companies whose books had been systematically cooked.”

Singapore’s Debt:GDP Ratio

Here’s a link to an amazing resource that compiles up to date economic data of many countries and publishes them for free.

http://www.tradingeconomics.com

According to the website,

Singapore recorded a Government Debt to GDP of 100.80 percent of the country’s Gross Domestic Product in 2011. Historically, from 1990 until 2011, Singapore Government Debt To GDP averaged 84.8900 Percent reaching an all time high of 103.4000 Percent in December of 2009 and a record low of 68.1000 Percent in December of 1995. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Singapore Government Debt To GDP.