The meaning of FDI and MNCs
Watch this short introduction to FDI on Investopedia and then complete the packet using Chapter 31 p378-382.
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Once again we are briefly moving sideways into another Development Economics topic. Here are the objectives:
With reference to a specific developing economy, and using appropriate diagrams where relevant, examine how the following factors contribute to economic development. 1. Education and health 2. The use of appropriate technology 3. Access to credit and micro-credit 4. The empowerment of women 5. Income distribution Part A - use resource A Choose either Afghanistan or Congo and explain how two or more of the poverty traps depicted in the handout apply to them. Explain how other institutional, political, social and cultural factors may create obstacles to development – use examples in your explanation. Part B · Education and health - use Resource A and p356-8 of textbook o The opposite of a vicious cycle is a virtuous cycle, i.e. one with favourable results. Create virtuous cycles depicting the benefits of improved education and improved health. o What specific things could be done to improve these two areas. o Use Nepal as an example of correlation between education/health and income levels. · The use of appropriate technology - use p364-5 of textbook o What does this mean in terms of both production and consumption? · Access to credit and micro-credit - use resource A and p362-3 of textbook o What is credit? o Why is a sound banking system essential for economic growth and development? o Create a poverty cycle using LOW SAVINGS as both a beginning and finishing point. o What specific difficulties exist for the poor in developing countries with regards to obtaining credit? o What is micro-credit and how does this help development? o Case-study – Grameen Bank, Kiva (case study/questions - Resource B) · Empowerment of women o Use Resource C to give examples of gender inequality and the deprivations faced by women and girls in much of the world. o What benefits may a country expect if women become more empowered? Resource C and p365 of textbook o What strategies could be implemented to ensure improved social and economic participation of woman? · Income distribution - p365-6 of textbook o How can high levels of income inequality hinder growth and development? Is inequality growing? In a magical land inhabited by long lashed, multi-colored Alpacas who love lollipops, rainbows and friendship, there's a yawning divide in wealth distribution ... what's behind the inequality gap? Click here to find out. The role of taxation and other measures in promoting equity
The relationship between equity and efficiency
These objectives are covered in the booklet you started in the last class.... continue! Let's do a real life example to compare average tax rates in Hungary and New Zealand
Indicators of income equality/inequality
"9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact"!!.... watch the video here. Here are some other interesting statistics on inequality in America and here too.
Here is a video on inequality in the UK. You'll be given a copy of this document to work through: Equity in the distribution of income In Monkey Business, filmmaker Shola Lynch chats with economists from across the political spectrum to help explain the causes of economic inequality, with help from a couple of mammalian friends.
The meaning of economic growth
Download this document and complete.
This is an HL only topic and could very well be part of a Paper 1 (essay) question.... particularly part (b) of a long essay.... the evaluation section. So make sure you can use this type of analysis when evaluating government policy choices. The tasks addressing the objectives above are in the following document - download a copy and complete. https://docs.google.com/a/aisbudapest.org/document/d/1kK1gDmbwVaLU3s6wJEfvkXLKdnrIzz02Ggx0uGu2I7U/edit?usp=sharing Jason Welker has uploaded two videos on both the short run and the long run Phillips Curves
Causes of inflation (D/B p230-232)
The cure will depend on the cause:
2.3 Macro objectives - low/stable rate of inflation (3) - the consequences of inflation/deflation10/11/2017
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