Economy Alliances

Archive for the ‘economic solidarity’ Category

The political crisis in Egypt and is affecting the global economy: oil prices have risen; the stock has been beaten and has multiplied the questions about whether the rising cost of oil will derail the global economic recovery.

It is expected that the Egyptian stock exchange not open its doors on Monday after a landslide of 17% at the end of last week. Most Gulf markets fell on Sunday. The Dubai stock market down 4.3% and Oman 3%, while that of Saudi Arabia rose 2.5%, after yielding 6% on Saturday. Crude oil futures jumped more than 4% on Friday in the United States to U.S. $ 89.34 a barrel.

The Egyptian economy is relatively small, with a gross domestic product last year about U.S. $ 217,000 million. The country, however, is far more important thanks to the Suez Canal, a key trade route for oil and other commodities that are transported from the Red Sea to the Mediterranean.

Apart from oil, about 8% of global maritime trade passes through the Suez Canal, according to Egyptian government figures. The curfew imposed in the country from dusk until dawn during the weekend made the shipping companies operating in the channel warns customers about possible delays. So far, the demonstrations against the government have obstructed the passage through the canal. However, if the violence in Egypt moved to neighboring countries that are major exporters of oil, oil prices could exceed $ 100 a barrel, which could stifle the nascent recovery in the global economy.

The Faculty of Economics of the Universidad Veracruzana (UV) has signed a collaboration agreement with the National Chamber of Transformation Industries (Canacintra) and the National Network for Teaching and Research Institutions of Geography.

“The two agreements mark a course at the Faculty different because they create a platform for links to specific sectors, as we offer degrees in economics and geography,” said Lucia Tide Leon, director of the Faculty.

By agreement with Canacintra Faculty are expected to cooperate by making economic development work, business diagnostic studies on competitiveness indicators, among others. In addition, the career of Geography may support studies on regional and geo-referenced location in the different regions of the state.

In the case of agreement with the National Network, said: “The idea is to share the possibility of collaboration on curriculum and academic and student mobility, as well as publications and joint projects.”

This year it also signed agreements with the BUAP and the Autonomous University of Barcelona, where they have been very interested in receiving academic and student in the doctoral area, even considering the possibility of establishing academic advice and shared rooms, said Lucia Leon.

Arturo Bacardi, the coordinating academic liaison, said, “with the University of Florida in Gainesville did a deal with the economics department at where we are going to afford to have our Ph.D. students in public finance and exchange teachers.”

He stressed that this agreement contemplates the possibility of taking courses at the university, “is a great advantage because it is not always allowed in U.S. universities that students attend as listeners, but this will be formalized,” said the scholar.

The Minister of Labor and Immigration, Valerian Gomez, said today that the pension reform agreed between Government and social partners will help reduce the shadow economy, and could bring out between 100,000 and 150,000 irregular jobs. In a radio interview, the minister has quantified the overall Spanish economy at around 20% of Gross Domestic Product (GDP), according to various studies.

Gomez explained that the diversity of the measures included in the reform of public pension system, as the possibility of smaller contributions, could entail some form of illegal employment is a result of the costs. In this regard, said illegal jobs tend to increase during periods of crisis and that the pension reform can make them emerge more quickly.

The minister also stressed that this reform will help create jobs, because in the tripartite agreement also provides for an “emergency plan” to stimulate hiring by employers, with reductions of contributions. Has also ensured that tomorrow the Executive and the social partners will finalize the details of this plan is “to give employers the best conditions of employment so they can reduce their costs.”

The plan is part of the reform of the active policies that seek to improve the capacity of training and retraining of public employment services of the autonomous communities, and where stands the new financial aid of about 400 euros for the unemployed without income want to do job placement programs.

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The owner of the Bolivian Labor Ministry, Carmen Trujillo Cardenas and his two Dominican, Max Pig, agreed to exchange forms of economic solidarity and the development and promotion of cooperatives, as well as technical training for inspections in the mining and oil among other areas.

The basis of the agreement, signed during the 17th American Regional Meeting of the International Labor Organization (ILO) held weeks ago in Santiago de Chile, were released recently and stress the “technical assistance to promote self-employment in certification of job skills, professional inclusion of people with disabilities and deprived of liberty “

The agreement also establishes a virtual labor and social security policies and is expected to generate cooperation for development and institutional strengthening of job portfolios of the two countries.