Start; 8.15pm
Flow of idea:
Define basics, state definitions=>
the implication of an under valued yuan on global economies
implication= meaning or consequence
undervalued= underappreciated, below its estimated value
global economies= economic system of world: the interdependent economies of the world's nations, regarded as a single economic system
what do you understand of this topic?
Im clueless, okay...
Rephrased= what is the consequence of an underappreciated Yuan on economies of other countries.
Getting an idea?
Slightly...
We are supposed to explore” meaningful links” between economic theory and “real life issues”
So we have to copy some stuff out of that thick thick econs book too? Huhu
Here, real life issue = our topic
Theory= depreciation of a currency, how this affects other countries. Export/import affected? Exchange rate, trade competitiveness...etc
So you getting a better idea?
And so we need to explain this in our project.
Thus, devaluing the yuan leads to what consequence? That we have to find out.
Process: researching~
Pretty important topic here, so many websites... cant find newspaper articles, all sold to karang guni man the night before... LOL
Process: reading materials...
Thoughts: hmm... it seems that people have different views on its consequence.
To summarise, this can be classified under 3 broad groups.
Good consequence. Bad consequence. And Goad (good+bad)
BUT! Important thing to note. We do not want any info on the consequence on china’s economy. Rather, its the world’s we’re concerned about.
In this case, the countries most repeatedly mentioned in my research are US(mainly US, must find out why), Japan, Eurozone and occasionally India, south america and SE Asia.
(pause) stoning... i feel sleepy...
Awakes from stoned state, 2 minutes have past.
So what consequence are there? Explain the would-be consequences, also taking care not to drag too much about why china does not want its Yuan to appreciate rapidly.
Ahhh... its 10.30pm
(stops research)
Take break, drinks cup of milk.
Continue the next day. goodnight sleepyhead.
Knockout!
signing off.
Call Of The Wild at 10:36 PM