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Properties of a Competitive General Equilibrium

Not surprisingly, analyzing a general-equilibrium system is more complicated than using partial equilibrium analysis, which deals with only a single market. A general-equilibrium system represents a whole economy, rather than just part of one. It may contain many different kinds of labor, machines, and land, all of which are serving as inputs to produce dozens […]

US Secretary of the Treasury Beijing

Thank you very much Mr Ambassador. Thank you very much for all your kindness and hospitality during our visit. The ambassador and I have been spending a great deal of time together, as we have called upon the economic and political leaders of your great country. Let me say that we have had a series […]

APEC Finance and Development Program

APEC Finance and Development Program (AFDP), an initiative proposed by China, aims to strengthen capacity building in the APEC region through the mechanism of the APEC Finance Ministers Meeting. Through financing research, organizing forum and providing training courses, the Program boosts the capacity of the APEC Economies in the fields of finance and development and […]

Top 10 News in Science, Technology and industry for National Defense Unveiled

China’s Commission of Science, Technology and Industry for- National Defense announced in Beijing on January 16 the top 10 news of the year in science, technology and industry for national defense, headed by the success of the manned space flight. The top 10 news stories ares 1.Complete success of the first manned flight of Shenzhou […]

Press Conference on the Future Vision for Exploration

Sean Keefe, NASA Administrator NASA Headquarters, Washington, DC Well, good afternoon. This afternoon we got a mandate,. And we got support for a set of specific objectives that very clearly identifies exploration and discovery as the central objective of what this agency is all about. There is a presidential directive which* very specifically, defines those […]