Economy

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Economy

Nobel Prize in Economics 2011 (Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel)

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Nobel Prize in Economics 2011

10 October 2011

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2011 to

Winners of Nobel Memorial Prize (Sveriges Riksbank Prize) in Economic Sciences, 2009

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The Nobel Memorial Prize in Economic Sciences (Nobel Prize in Economics) has the official name as the Sveriges Riksbank Prize in Economic Sciences, in the memory of Alfred Nobel.

This year the Sveriges Riksbank Prize in Economic Sciences was awarded to Elinor Ostrom "for her analysis of economic governance, especially the commons", and to Oliver E. Williamson "for his analysis of economic governance, especially the boundaries of the firm".

Elinor Ostrom

Elinor Ostrom

Rise in unemployment in US

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Department of Labor

On September 5, 2008, the United States Department of Labor issued a report that its unemployment rate rose to 6.1%, the highest in five years[26][27], and the Congressional Budget Office forecasts that the unemployment rate could reach as high as 9% during 2010.[28] The news report cited the Department of Labor reports and interviewed Jared Bernstein, an economist:

The recession in South Asia

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Asian Development BankAsian Development Bank is headquartered in Mandaluyong City, Philippines.

Bangladesh

Bangladesh economy is not effected by the global recession. Bangladesh's economic growth and exports remain quite strong.[1]

Automotive industry

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Automotive industry

Recession in Ireland

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Ireland in the first quarter of 2008 reported a contraction in GDP of 1.5 percent, its first economic contraction since it began reporting by quarter and first recorded contraction since 1983.[1] However, Ireland's Central Statistics Office reported growth in GNP of about 0.8 percent, Ireland's government considers GNP a better measure of the economy.

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